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Welfare Reform in the United States
Nedde, Ellen Marie - 1995
This paper reviews the structure and trends of the U.S. welfare system and the U.S. Administration’s reform proposals. It shows that, despite the attention the program receives, the welfare program is actually quite small and has experienced moderate rates of growth. However, the system does...
Persistent link: https://www.econbiz.de/10014398009
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Addressing spillovers from prolonged U.S. monetary policy easing
Cecchetti, Stephen G.; Narita, Machiko; Rawat, Umang; … - 2021
spillovers, driving up financial system leverage in other countries. When faced with such a rise of threats to financial … increase their leverage by as much as they otherwise would. By contrast, it is more difficult to counter the spillovers with …
Persistent link: https://www.econbiz.de/10012605643
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Tipping the scale? : the workings of monetary policy through trade
Adler, Gustavo; Osorio Buitron, Carolina - 2017
-and spillovers to other countries-depending on the relative magnitude of these opposing effects. Using US data, and a sign …, as well as changes in spillovers in the postcrisis period (due to an impaired monetary transmission mechanism). While our … results suggest that monetary policy comes with spillovers through trade, they should not be interpreted as evidence against …
Persistent link: https://www.econbiz.de/10011704903
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Social programs and formal employment : evidence from the Brazilian Bolsa Família Program
Fruttero, Anna; Leichsenring, Alexandre Ribeiro; Paiva, … - 2020
Employment is key to combating poverty. Thus, detractors of social assistance programs argue that they create disincentives to work. While there is substantial evidence showing limited effects of these programs on overall labor supply, the jury is still out with respect to their impact on formal...
Persistent link: https://www.econbiz.de/10012252007
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Diversion of tourism flows in the Asia & Pacific region : lessons for COVID-19 recovery
Balasundharam, Vybhavi; Koepke, Robin - 2021
The COVID-19 pandemic prompted a collapse in international tourism, severely impacting the tourism-dependent economies in the Asia and Pacific region. Once countries start reopening, tourism diversion effects could accelerate the recovery in countries that establish themselves as more attractive...
Persistent link: https://www.econbiz.de/10012796804
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The expansionary lower bound : contractionary monetary easing and the trilemma
Cavallino, Paolo; Sandri, Damiano - 2018
monetary and financial conditions, leading to novel international spillovers and crucial departures from Mundell's trilemma. We …
Persistent link: https://www.econbiz.de/10012112314
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Policy analysis and forecasting in the world economy : a panel unobserved components approach
Vitek, Francis - 2012
This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model features a monetary transmission mechanism, a fiscal transmission mechanism, and extensive macrofinancial linkages, both within...
Persistent link: https://www.econbiz.de/10009618572
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The transmission of external shocks in Asia : country characteristics and policy responses
Deb, Pragyan; Nadeem, Sanaa; Peiris, Shanaka Jayanath - 2021
Persistent link: https://www.econbiz.de/10012487199
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Contagion of fear : is the impact of COVID-19 on sovereign risk really indiscriminate?
Cevik, Serhan; Öztürkkal, Belma - 2020
This paper investigates the impact of infectious diseases on the evolution of sovereign credit default swap (CDS) spreads for a panel of 77 advanced and developing countries. Using annual data over the 2004-2020 period, we find that infectious-disease outbreaks have no discernible effect on CDS...
Persistent link: https://www.econbiz.de/10012392655
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What Do Remittances Do? : Analyzing the Private Remittance Transmission Mechanism in El Salvador
Cáceres, Luis René - 2006
Family remittances are important for El Salvador''s economy. This paper analyzes the impact of remittances on El Salvador''s economy and the spillover effects on the other Central American countries. A vector autoregression (VAR) model is formulated, consisting of real and monetary variables....
Persistent link: https://www.econbiz.de/10014400284