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The (subjective) well-being cost of fiscal policy shocks
Eklou, Kodjovi M.; Fall, Mamour - 2020
Do discretionary spending cuts and tax increases hurt social well-being? To answer this question, we combine subjective well-being data covering over half a million of individuals across 13 European countries, with macroeconomic data on fiscal consolidations. We find that fiscal consolidations...
Persistent link: https://www.econbiz.de/10012170083
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Gross national happiness and macroeconomic indicators in the Kingdom of Bhutan
Balasubramanian, Sriram; Cashin, Paul A. - 2019
This paper examines the origins and use of the concept of Gross National Happiness (or subjective well-being) in the … national surveys of Gross National Happiness in Bhutan, the concept has been used to guide public policymaking for the country … undertake more frequent Gross National Happiness surveys and evaluations, to better build evidence for comovement of well …
Persistent link: https://www.econbiz.de/10012001578
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Are the French Happy with the 35-Hour Workweek?
Estevão, Marcello M. - 2006
Legally mandated reductions in the workweek can be either a constraint on individuals'' choice or a tool to coordinate individuals'' preferences for lower work hours. We confront these two hypotheses by studying the consequences of the workweek reduction in France from 39 to 35 hours, which was...
Persistent link: https://www.econbiz.de/10014400283
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Lucas vs. Lucas : On Inequality and Growth
Cordoba, Juan Carlos - 2007
Lucas (2004) asserts that ""Of the tendencies that are harmful to sound economics, the most seductive, and in my opinion the most poisonous, is to focus on questions of distribution. The potential for improving the lives of poor people by finding different ways of distributing current production...
Persistent link: https://www.econbiz.de/10014400357
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The African Continental Free Trade Agreement : welfare gains estimates from a general equilibrium model
Abrego, Lisandro E.; Amado, Maria Alejandra; Gursoy, Tunc; … - 2019
In March 2018, representatives of member countries of the African Union signed the African Continental Free Trade Area (AfCFTA) agreement. This agreement provides a framework for trade liberalization in goods and services and is expected to eventually cover all African countries. Using a...
Persistent link: https://www.econbiz.de/10012102028
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Welfare Implications of HIV/AIDS
Haacker, Markus - 2003
The paper evaluates the impact of HIV/AIDS on welfare in several countries affected by the HIV/AIDS epidemic. Unlike studies focusing on the impact of HIV/AIDS on GDP per capita, we evaluate the impact of increased mortality using estimates of the value of statistical life. Our results...
Persistent link: https://www.econbiz.de/10014403663
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Welfare Costs of Inflation, Seigniorage, and Financial innovation
De Gregorio, Jose - 1991
This paper examines the welfare effects of mitigating the costs of inflation. In a simple model where money reduces transaction costs, a fall in the costs of inflation is equivalent to financial innovation. This can be caused by paying interest on deposits, indexing money, or “dollarizing.”...
Persistent link: https://www.econbiz.de/10014396149
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On Price Stability and Welfare
Yehoue, Etienne B. - 2012
The financial crisis in the advanced countries that began in 2007 has led central bankers to adopt unconventional policy measures as policy interest rates neared the zero bound. One suggestion (Blanchard, Dell’Ariccia, and Mauro, 2010) has been to raise inflation targets to provide more room...
Persistent link: https://www.econbiz.de/10014395686
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Voluntary Debt Reduction : Incentives and Welfare
International Monetary Fund - 1988
In an economy with a debt overhang, investment depends on expected tax rates. On the other hand, expected tax rates depend on the debt’s face value. Therefore investment depends on the face value of debt. I show that this may lead to a positive or negative association between debt and...
Persistent link: https://www.econbiz.de/10014396009
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Voluntary Debt Reduction : Incentives and Welfare
International Monetary Fund - 1988
This paper provides empirical evidence on the determinants of long-term growth performance in a sample of 55 developing countries grouped by income levels. The evidence indicates that a model incorporating the savings rate, export performance, expenditures on human capital development, the...
Persistent link: https://www.econbiz.de/10014396027