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The EU services directive : gains from further liberalization

Fernández Corugedo, Emilio; Pérez Ruiz, Esther - 2014

The EU Services Directive was adopted in 2006 to foster competition in services across Europe. However, progress in liberalizing services has fallen short of expectations due to the article 15 of the Directive, which allows countries to maintain pre-existing restrictions if judged necessary to...

Persistent link: https://www.econbiz.de/10012667444

Employment protection deregulation and labor shares in advanced economies

Ciminelli, Gabriele; Duval, Romain; Furceri, Davide - 2018

Labor market deregulation, intended to boost productivity and employment, is one plausible, yet little studied, driver … the impact of job protection deregulation in a sample of 26 advanced economies over the period 1970-2015, using a newly … grounded in theory-namely that job protection deregulation should have larger negative effects in industries characterized by …

Persistent link: https://www.econbiz.de/10011905906

Discriminatory pricing of over-the-counter derivatives

Hau, Harald; Hoffmann, Peter; Langfield, Sam; Timmer, … - 2019

New regulatory data reveal extensive price discrimination against non-financial clients in the FX derivatives market. The client at the 90th percentile pays an effective spread of 0.5%, while the bottom quarter incur transaction costs of less than 0.02%. Consistent with models of search...

Persistent link: https://www.econbiz.de/10012021832

Implementing the United States' domestic and international climate mitigation goals : a supportive fiscal policy approach

Parry, Ian W. H. - 2021

The United States has pledged to become carbon neutral by 2050, meet sectoral objectives (e.g., for carbon free power, electric vehicles) and encourage greater mitigation among large emitting countries and of international transportation emissions. Fiscal policies at the national, sectoral, and...

Persistent link: https://www.econbiz.de/10012518755

Managing fiscal risks from national airlines in Pacific Island countries

Balasundharam, Vybhavi; Hunter, Leni; Lavea, Iulai; … - 2021

Pacific island countries (PICs) rely on national airlines for connectivity, trade, and tourism. These airlines are being struck hard by COVID-19. Losses will weigh on public sector balance sheets and pose risks to economic recovery. With a backdrop of tight fiscal space and increasing government...

Persistent link: https://www.econbiz.de/10012605642

Indirect Taxeson International Aviation

Strand, Jon - 2006

This paper examines the case for internationally coordinated indirect taxes on aviation (as a source of general revenue-not (necessarily) as a source of development finance). The case for such taxes is strong: the tax burden on international aviation is currently limited, yet it contributes...

Persistent link: https://www.econbiz.de/10014400375

How to gain the most from structural conditionality of IMF-supported programs

Andritzky, Jochen; Munkacsi, Zsuzsa; Wang, Ke - 2021

Structural conditionality of IMF-supported programs is designed to support structural reforms by countries borrowing from the IMF. Taking stock of program conditions and their implementation, this paper finds that conditionality focuses on fiscal, monetary and financial issues-areas where IMF...

Persistent link: https://www.econbiz.de/10012613388

The macroeconomic effects of labor and product market reforms in Morocco

Sarr, Babacar; Benlamine, Mokhtar; Munkacsi, Zsuzsa - 2019

This paper studies the macroeconomic effects and sequencing of (LMRs) and product (PMRs) market reforms in Morocco. It finds that introducing LMRs and PMRs simultaneously would add about 2.5 percentage points (pp) of GDP growth and reduce unemployment by about 2.2 pp after five years. If...

Persistent link: https://www.econbiz.de/10012122485

Job protection deregulation in good and bad times

Duval, Romain; Furceri, Davide; Jalles, João Tovar - 2017

the responses of sectoral employment to large job protection deregulation shocks depend crucially on the state of the …

Persistent link: https://www.econbiz.de/10011763890

Structural reform packages, sequencing, and the informal economy

Munkacsi, Zsuzsa; Saxegaard, Magnus - 2017

This paper explores the macroeconomic impacts of labor and product market deregulation using a small open-economy model … product market deregulation, are good at reducing short-term costs. Finally, concerning the speed of adjustment, it is usually …

Persistent link: https://www.econbiz.de/10011704605

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