Narrow search
Showing 1 - 10 of 609
Cover Image
Demand Stimulus as Social Policy
Auerbach, Alan J.; Gorodnichenko, Yuriy; Murphy, Daniel - 2022
We exploit a panel of city-level data with rich demographic information to estimate the distributional effects of Department of Defense spending and its effects on a range of social outcomes. The income generated by defense spending accrues predominantly to households without a bachelor's...
Persistent link: https://www.econbiz.de/10014076469
Cover Image
Fiscal Union in Europe? Redistributive and Stabilising Effects of an EU Tax-Benefit System
Bargain, Olivier - 2012
representative household microdata from 11 Eurozone countries to simulate these policy reforms and to study their effects on the … cent of a macroeconomic income shock. Introducing a fiscal equalisation system based on taxing capacity would redistribute … that not all forms of fiscal integration will improve macroeconomic stability in the Eurozone …
Persistent link: https://www.econbiz.de/10013105006
Cover Image
Automatic Stabilizers and Economic Crisis : US Vs. Europe
Dolls, Mathias - 2009
income shock in the EU, compared to 32 per cent in the US. In the case of an unemployment shock 48 per cent of the shock are …
Persistent link: https://www.econbiz.de/10013157746
Cover Image
External Monetary Shocks and Monetary Integration : Evidence from the Bulgarian Currency Board
Minea, Alexandru; Rault, Christophe - 2021
Starting July the 1st 1997, Bulgaria adopted a Currency Board (CB) monetary system. This paper aims at investigating if the adoption of the CB monetary system, which involves the cost of loosing monetary autonomy, has provided a relatively better (with respect to other CEEC) monetary integration...
Persistent link: https://www.econbiz.de/10013315999
Cover Image
Migration, Crisis and Adjustment in an Enlarged E(M)U : The Spanish Perspective
Rodríguez-Planas, Núria - 2014
This paper investigates the labour market and welfare changes experienced by enlarged-EU migrants before and after 2007. For this purpose, we briefly review the Spanish socio-economic institutional background, as well as its migration policy towards enlarged-EU citizens. Then we discuss the...
Persistent link: https://www.econbiz.de/10013055554
Cover Image
The Free Movement of Workers in an Enlarged European Union : Institutional Underpinnings of Economic Adjustment
Kahanec, Martin - 2014
The eastern enlargements of the European Union (EU) and the extension of the free movement of workers to the new member states' citizens unleashed significant east-west migration flows in a labor market with more than half a billion people. Although many old member states applied transitional...
Persistent link: https://www.econbiz.de/10013046654
Cover Image
Rising Concentration and Wage Inequality
Cortes, Guido Matias - 2020
Wage inequality has risen in many countries over recent decades. At the same time, production has become increasingly concentrated in a small number of firms. In this paper, we show that these two phenomena are linked. Theoretically, we show that shocks that increase concentration will also lead...
Persistent link: https://www.econbiz.de/10012826722
Cover Image
Is Leisure a Normal Good? Evidence from the European Parliament
Mocan, Naci H. - 2011
Prior to July 2009, salaries of the members of the European Parliament were paid by their home country and there were substantial salary differences between parliamentarians representing different EU countries. Starting in July 2009, the salary of each member of the Parliament is pegged to 38.5%...
Persistent link: https://www.econbiz.de/10013120815
Cover Image
Asymmetric Labor Market Institutions in the Emu and the Volatility of Inflation and Unemployment Differentials
Abbritti, Mirko - 2012
How does the asymmetry of labor market institutions affect the adjustment of a currency union to shocks? To answer this question, this paper sets up a dynamic currency union model with monopolistic competition and sticky prices, hiring frictions and real wage rigidities. In our analysis, we...
Persistent link: https://www.econbiz.de/10013107467
Cover Image
Capital Prices and Eurozone Competitiveness Differentials
Askenazy, Philippe - 2013
Competitiveness differentials are blamed for the instability of the Eurozone. Most of the analyses focus on labour …
Persistent link: https://www.econbiz.de/10013086230