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Inflation Expectations and Firm Decisions : New Causal Evidence
Coibion, Olivier - 2019
We use a unique design feature of a survey of Italian firms to study the causal effect of inflation expectations on firms' economic decisions. In the survey, a randomly chosen subset of firms is repeatedly treated with information about recent inflation (or the European Central Bank's inflation...
Persistent link: https://www.econbiz.de/10012894535
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On the Reversibility of Structural Reforms
Campos, Nauro F. - 2012
What are the factors that explain reversals in the implementation of structural reforms? Our main hypothesis is that reversals in different reforms are driven by different factors. This paper uses new reform indicators and presents novel evidence showing that (a) FDI inflows reduce the...
Persistent link: https://www.econbiz.de/10013106946
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Financial Liberalization and Democracy : The Role of Reform Reversals
Campos, Nauro F. - 2009
The relationship between economic and political liberalization has received a great deal of attention lately, yet the possibility of a nonlinear relationship and the role of reversals remain largely neglected. Focusing on democratization and financial reform, this paper offers evidence for a...
Persistent link: https://www.econbiz.de/10013157255
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Deregulation in a Time of Pandemic : Does Pollution Increase Coronavirus Cases or Deaths?
Persico, Claudia - 2020
The COVID-19 virus, also known as the coronavirus, is currently spreading around the world. While a growing literature suggests that exposure to pollution can cause respiratory illness and increase deaths among the elderly, little is known about whether increases in pollution could cause...
Persistent link: https://www.econbiz.de/10012834484
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Employment Outcomes and the Interaction between Product and Labor Market Deregulation : Are They Substitutes or Complements?
Fiori, Giuseppe - 2007
countries over the period 1980-2002, we present evidence that product market deregulation is more effective at the margin when … labor market regulation is high. Moreover, there is evidence in our sample that product market deregulation promotes labor … market deregulation. We show that these results are mostly consistent with the basic predictions of a standard bargaining …
Persistent link: https://www.econbiz.de/10012777020
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Reform Redux : Measurement, Determinants and Reversals
Campos, Nauro F. - 2006
We construct objective measures of privatization, internal and external liberalization reform efforts, across countries over time, and investigate their determinants, reversals and macroeconomic impacts. We find that GDP growth determines external liberalization and privatization, concentration...
Persistent link: https://www.econbiz.de/10012780267
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Product Market Deregulation and the U.S. Employment Miracle
Ebell, Monique - 2006
attributed to product market deregulation. Our quantitative analysis suggests that under individual bargaining, a decrease of … less than two-tenths of a percentage point of unemployment rates can be attributed to product market deregulation, a …
Persistent link: https://www.econbiz.de/10012782768
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Entry Barriers and the Labor Market Outcomes of Incumbent Workers : Evidence from a Deregulation Reform in the German Crafts Sector
Lergetporer, Philipp - 2018
We study the labor market outcomes of a deregulation reform in Germany that removed licensing requirements to become …
Persistent link: https://www.econbiz.de/10012909864
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Labor Market Deregulation and Female Employment : Evidence from a Natural Experiment in Japan
Kato, Takao - 2014
This paper provides novel evidence on the causal effect on female employment of labor market deregulation by using the … of labor market deregulation. Furthermore the 1985 treatment is found to have a lasting and growing impact on female …
Persistent link: https://www.econbiz.de/10013053530
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Firm Dynamics and Residual Inequality in Open Economies
Felbermayr, Gabriel J. - 2014
Increasing wage inequality between similar workers plays an important role for overall inequality trends in industrialized societies. To analyze this pattern, we incorporate directed labor market search into a dynamic model of international trade with heterogeneous firms and homogeneous workers....
Persistent link: https://www.econbiz.de/10013058310