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Fiscal Policy, Sovereign Default, and Bailouts
Juessen, Falko - 2013
This paper examines fiscal policy without commitment and the effects of conditional bailout loans. The government relies on distortionary taxation and decides between full debt repayment and costly default. It tends to overborrow due to myopia, which induces default to be a relevant policy...
Persistent link: https://www.econbiz.de/10013071428
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The Great Recession of 2008-2009 : Causes, Consequences and Policy Responses
Verick, Sher - 2010
Starting in mid-2007, the global financial crisis quickly metamorphosed from the bursting of the housing bubble in the US to the worst recession the world has witnessed for over six decades. Through an in-depth review of the crisis in terms of the causes, consequences and policy responses, this...
Persistent link: https://www.econbiz.de/10013141781
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Growing Out of the Crisis : Hidden Assets to Greece's Transition to an Innovation Economy
Herrmann, Benedikt - 2013
Greece's currently planned institutional reforms will help to get the country going with limited economic growth. With … an economy based primarily on tourism, trade, and agriculture, Greece lacks an established competitive industry and an …-membership. Instead, Greece exports only its nation's talent, with low returns. To become prosperous, the country must better capitalize …
Persistent link: https://www.econbiz.de/10013076149
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Displacement and Debt : The Role of Debt in Returning to Work in the Period Following the Great Recession
Bednarzik, Robert - 2017
The onset of the housing and subsequent financial crisis in 2008 marked the steepest economic downturn in the United. States, since the Great Depression in the late 1920s and 1930s. This most recent financial crisis has been characterized by massive layoffs and displacement. Given the depth of...
Persistent link: https://www.econbiz.de/10012956016
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The Weight of the Crisis : Evidence from Newborns in Argentina
Bozzoli, Carlos - 2010
Argentina hit headlines around the world in 2002 on account of the largest debt default in history and a sudden economic collapse that generated statistics reminiscent of those from the Great Depression. In this article we focus on other consequences of the crisis that are not so obvious but...
Persistent link: https://www.econbiz.de/10013136302
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Inequality and Poverty in Greece : Changes in Times of Crisis
Andriopoulou, Eirini - 2017
The Greek crisis was the deepest and longest ever recorded in an OECD country in the postwar period. Output declined by over a quarter and disposable income by more than 40%, while the unemployment rate exceeded 27%. The paper explores the effects of the crisis on the level and the structure of...
Persistent link: https://www.econbiz.de/10012947133
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The Effect of Unemployment on Self-Reported Health and Mental Health in Greece from 2008 to 2013 : A Longitudinal Study Before and During the Financial Crisis
Drydakis, Nick - 2015
-reported health and mental health in Greece. The specifications suggest that unemployment results in lower health and the … periods of high unemployment, suggesting that the unemployment crisis in Greece is more devastating as it concerns more people …, women are more negatively affected by unemployment in relation to their health and mental health statuses than are men.Greece …
Persistent link: https://www.econbiz.de/10013031089
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Shadow Economy, Tax Morale, Governance and Institutional Quality : A Panel Analysis
Torgler, Benno - 2007
This paper analyses how governance or institutional quality and tax morale affect the shadow economy, using an international country panel and also within country data. The literature strongly emphasizes the quantitative importance of these factors to understand the level and changes of shadow...
Persistent link: https://www.econbiz.de/10012777822
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The Impact of Tax Morale and Institutional Quality on the Shadow Economy
Torgler, Benno - 2007
This paper analyses how tax morale and countries' institutional quality affect the shadow economy, controlling in a multivariate analysis for a variety of potential factors. The literature strongly emphasizes the quantitative importance of these factors to understand the size and development of...
Persistent link: https://www.econbiz.de/10012777897
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Vignette Equivalence and Response Consistency : The Case of Job Satisfaction
Ferrer-i-Carbonell, Ada - 2011
We compare reported job satisfaction with vignette evaluations of hypothetical jobs by using a British, Greek and Dutch data set, containing 95 randomly assigned vignettes. In order to test comparability of international data sets recently the method of anchoring vignettes has been introduced by...
Persistent link: https://www.econbiz.de/10013117612