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Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be...
Persistent link: https://www.econbiz.de/10012010001
This paper examines how endogenizing technological progress in a multicountry macroeconometric model affects the analysis of fiscal policies. It uses an expanded version of the IMF’s multicountry model, MULTIMOD, in which total factor productivity (TFP) is endogenized as a function of domestic...
Persistent link: https://www.econbiz.de/10014403417
Persistent link: https://www.econbiz.de/10009572314
these two Asian countries with two Nordic countries Norway and Finland. The main findings are: (i) child cash allowances …
Persistent link: https://www.econbiz.de/10011281943
of policies that encourage EV purchases in Norway. We use exceptionally rich data on the universe of cars and households … from Norway, which has a very high share of EVs, thanks to generous tax incentives and other policies. Our estimates … abatement costs of Norway's tax incentives relative to emission savings. However, the estimated emission savings are much larger …
Persistent link: https://www.econbiz.de/10012612330
Persistent link: https://www.econbiz.de/10012392495
Based on a permanent income analysis, Gagnon (2018) has prominently suggested that Norway has saved too much, thereby …, chiefly because it also accounts for future aging costs. Unsurprisingly, we find that Norway's current assets exceed its … mainland GDP) and aging pressures are only commencing. Therefore, Norway's intertemporal financial net worth (IFNW) is negative …
Persistent link: https://www.econbiz.de/10011905922
Wages have been rising faster than productivity in many European countries for the past few years, yet signs of underlying consumer price pressures remain limited. To shed light on this puzzle, this paper examines the historical link between wage growth and inflation in Europe and factors that...
Persistent link: https://www.econbiz.de/10012155053
Denmark, Finland, Norway, and Sweden form a tightly integrated region which has strong ties with the euro area as well … monetary policy, and Denmark and Norway are net energy exporters while Finland and Sweden are energy importers. We infer …
Persistent link: https://www.econbiz.de/10014412044
This paper considers long-term fiscal policy options in Norway, the world''s fifth largest oil exporter, in light of …
Persistent link: https://www.econbiz.de/10014401250