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Subsidizing Firm Entry in Open Economies
Pflüger, Michael - 2009
Entrepreneurs who decide to enter an industry are faced with different levels of effective entry costs in different countries. These costs are heavily influenced by economic policy. What is not well understood is how international trade affects the government incentive to impact on entry costs,...
Persistent link: https://www.econbiz.de/10013155605
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Fiscal Multipliers and the Labour Market in the Open Economy
Faia, Ester - 2010
Several contributions have recently assessed the size of fiscal multipliers both in RBC models and New Keynesian models. None of the studies considers a model with frictional labour markets which is a crucial element, particularly at times in which much of the fiscal stimulus has been directed...
Persistent link: https://www.econbiz.de/10013146168
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Biofuel Subsidies : An Open-Economy Analysis
Bandyopadhyay, Subhayu - 2013
We present a general equilibrium analysis of biofuel subsidies in an open-economy context. In the small-country case, when a Pigouvian tax on conventional fuels such as crude is in place, the optimal biofuel subsidy is zero. When the tax on crude is not available as a policy option, however, a...
Persistent link: https://www.econbiz.de/10013095320
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Less Cash, Less Crime : Evidence from the Electronic Benefit Transfer Program
Wright, Richard - 2014
It has been long recognized that cash plays a critical role in fueling street crime due to its liquidity and … transactional anonymity. In poor neighborhoods where street offenses are concentrated, a significant source of circulating cash … circulation of cash on the streets associated with EBT implementation had an effect on crime. To address this question, we exploit …
Persistent link: https://www.econbiz.de/10013047870
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Welfare Effects of the Euro Cash Changeover
Wunder, Christoph; Schwarze, Johannes; Krug, Gerhard; … - 2021
the initial problems were overcome within one year of the introduction of euro cash …
Persistent link: https://www.econbiz.de/10013317284
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Integrated Macroeconomic Production Function for Open Economies : A New Schumpeterian Solow Model for Globalization
Welfens, Paul J.J. - 2016
The macroeconomic production function is a traditional key element of modern macroeconomics, as is the more recent knowledge production function which explains knowledge/patents by certain input factors such as research, foreign direct investment or international technology spillovers. This...
Persistent link: https://www.econbiz.de/10012999012
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Real Wages over the Business Cycle : OECD Evidence from the Time and Frequency Domains
Messina, Julián; Strozzi, Chiara; Turunen, Jarkko - 2021
We study differences in the adjustment of aggregate real wages in the manufacturing sector over the business cycle across OECD countries, combining results from different data and dynamic methods. Summary measures of cyclicality show genuine cross-country heterogeneity even after controlling for...
Persistent link: https://www.econbiz.de/10013324732
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Wage Structure Effects of International Trade : Evidence from a Small Open Economy
Du Caju, Philip - 2011
In the last decades, international trade has increased between industrialised countries and between high- and low-wage countries. This important change has raised questions on how international trade affects the labour market. In this spirit, this paper aims to investigate the impact of...
Persistent link: https://www.econbiz.de/10013127724
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Are Intra-Household Allocations Policy Neutral? Theory and Empirical Evidence
Chiappori, Pierre-Andre - 2011
We develop a collective household model with spousal matching in which there exists marital gains to assortative matching and marriage quality for each couple is revealed ex post. Changes in alimony laws are shown to affect existing couples and couples-to-be differently. For existing couples,...
Persistent link: https://www.econbiz.de/10013127939
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Heterogeneous Productivity in Voluntary Public Good Provision : An Experimental Analysis
Fellner-Röhling, Gerlinde - 2011
This article experimentally examines voluntary contributions when group members' marginal returns to the public good vary. The experiment implements two marginal return types, low and high, and uses the information that members have about the heterogeneity to identify the applied contribution...
Persistent link: https://www.econbiz.de/10013128231