Showing 1 - 10 of 563
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the … growth in Greece and discusses the role of conditionality. Finally, the important role of mid-left parties is highlighted …
Persistent link: https://www.econbiz.de/10013016262
heavily indebted Euro area countries, namely the so-called GIIPS group (Greece, Ireland, Italy, Portugal, and Spain). Using … movements. For instance, the rate of pass-through in Greece is equal to 0.66% when the yield differential is below 2.13%, but …
Persistent link: https://www.econbiz.de/10013012797
Financial crisis can trigger policy reversals, i.e. they can lead to a process of re- regulation of financial markets. Using a recent comprehensive dataset on financial liberalization across 94 countries for the period between 1973 and 2015, we formally test the validity of this prediction for...
Persistent link: https://www.econbiz.de/10012868012
on its Eurozone membership and add innovative sectors to its economic structure. Given Greece's hidden assets, such as …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 …
Persistent link: https://www.econbiz.de/10013076149
-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
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
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
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
The 2004 and 2007 enlargements of the EU extended the freedom of movement to workers from the twelve new member states mainly from Central Eastern Europe. This study summarizes and comparatively evaluates what we know about mobility in an enlarged Europe to date. The pre-enlargement fears of...
Persistent link: https://www.econbiz.de/10013107468
International comparisons of inequality based on measures of disposable income may not be valid if the size and incidence of publicly-provided in kind benefits differ across the countries considered. The benefits that are financed by taxation in one country may need to be purchased out of...
Persistent link: https://www.econbiz.de/10013153502