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Short-Time Work and Precautionary Savings

Dengler, Thomas; Gehrke, Britta - 2021

In the Covid-19 crisis, most OECD countries use short-time work schemes (subsidized working time reductions) to preserve employment relationships. This paper studies whether short-time work can save jobs through stabilizing aggregate demand in recessions. We build a New Keynesian model with...

Persistent link: https://www.econbiz.de/10012597475

Interest Rate Bands of Inaction and Play-Hysteresis in Domestic Investment: Evidence for the Euro Area

Belke, Ansgar H.; Frenzel Baudisch, Coletta; Göcke, … - 2019

The interest rate represents an important monetary policy tool to steer investment in order to reach price stability. Therefore, implications of the exact form and magnitude of the interest rate-investment nexus for the European Central Bank's effectiveness in a low interest rate environment...

Persistent link: https://www.econbiz.de/10012141204

The European Youth Guarantee: Labor Market Context, Conditions and Opportunities in Italy

Pastore, Francesco - 2015

This essay aims to discuss the conditions for a successful implementation of the European Youth Guarantee in Italy. In …

Persistent link: https://www.econbiz.de/10010513215

The European Youth Guarantee: Labor Market Context, Conditions and Opportunities in Italy

Pastore, Francesco - Institute for the Study of Labor (IZA) - 2015

This essay aims to discuss the conditions for a successful implementation of the European Youth Guarantee in Italy. In …

Persistent link: https://www.econbiz.de/10011212561

Oil Price Shocks, Monetary Policy and Current Account Imbalances within a Currency Union

Baas, Timo; Belke, Ansgar H. - 2017

For more than two decades now, current-account imbalances are a crucial issue in the international policy debate as … that internal current account imbalances inside a currency union may also add to these risks. Oil price fluctuations and a … the currency union by changing internal imbalances. Therefore, in this paper, we analyze the impact of oil price shocks on …

Persistent link: https://www.econbiz.de/10011816524

Completing the Monetary Union of Europe as Mid-term Solution of the Euro Crisis

Fischer, Justina A.V.; Pastore, Francesco - 2015

This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....

Persistent link: https://www.econbiz.de/10011307457

Fiscal policy and the labour market: The effect of public sector employment and wages

Gomes, Pedro - 2010

I build a dynamic stochastic general equilibrium model with search and matching frictions and two sectors in order to study the labour market effects of public sector employment and wages. Public sector wages plays an important role in achieving the efficient allocation. High wages induce too...

Persistent link: https://www.econbiz.de/10010331074

Market vs. Residence Principle: Experimental Evidence on the Effects of a Financial Transaction Tax

Huber, Jürgen; Kirchler, Michael; Kleinlercher, Daniel; … - 2014

While politically attractive in order to generate tax revenues, the effects of a financial transaction tax (FTT) are scientifically disputed, not the least because seemingly small details of its implementation may matter a lot. In this paper, we provide experimental evidence on the different...

Persistent link: https://www.econbiz.de/10010333338

On the Relationship between Public and Private Investment in the Euro Area

Dreger, Christian; Reimers, Hans-Eggert - 2014

This paper explores the long run relationship between public and private investment in the euro area in terms of capital stocks and gross investment flows. Panel techniques ac-counting for international spillovers are employed. While private and public capital stocks are cointegrated, the...

Persistent link: https://www.econbiz.de/10010333352

A Survey of the Role of Fiscal Policy in Addressing Income Inequality, Poverty Reduction and Inclusive Growth

Heshmati, Almas; Kim, Jungsuk - 2014

A growing concern on widening income gap between the rich and the poor, the policy mismatch in tackling the relative poverty and income inequality have invited increasing volumes of research focusing on the nexus between equity and efficient growth. Developed countries have experienced the...

Persistent link: https://www.econbiz.de/10010352313

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