Showing 1 - 10 of 179
Economics (edited by Avi Ben-Bassat), was published in 2002. While each book considers the Israeli economy at a different stage …This paper reviews six English-language books on the economy of Israel. Each book was written or edited by Israelis …, and each is from a different decade. The earliest book, Don Patinkin's The Israel Economy: The First Decade, was written …
Persistent link: https://www.econbiz.de/10012467331
Herbert Hoover. I develop a theory of labor market failure for the Depression based on Hoover's industrial labor program that provided industry with protection from unions in return for keeping nominal wages fixed. I find that the theory accounts for much of the depth of the Depression and for...
Persistent link: https://www.econbiz.de/10012463362
The economic and financial crisis has hit Spain harder than practically any other country in Europe. Even if there are … occasional reports that the Spanish economy is improving slightly, the unemployment rate remains at 25 per cent and is as high as … 54 per cent among Spain's young people. The data presented in this article, which were obtained via a representative …
Persistent link: https://www.econbiz.de/10010426090
growth or contraction of the economy. What mattered was not simply growth at the time of the election but cumulative growth …
Persistent link: https://www.econbiz.de/10012460788
Persistent link: https://www.econbiz.de/10011550580
Does the historical macroeconomic environment affect preferences for redistribution? We find that individuals who experienced a recession when young believe that success in life depends more on luck than effort, support more government redistribution, and tend to vote for left-wing parties. The...
Persistent link: https://www.econbiz.de/10012463329
-fulfilling. The paper reconciles Keynesian economics with general equilibrium theory without invoking the assumption of frictions that …
Persistent link: https://www.econbiz.de/10012463802
This paper shows that the Russian 1998 crisis had a big impact on capital flows to Emerging Market Economies, EMs, especially in Latin America, and that the impact of the Russian shock differs quite markedly across EMs. To illustrate this statement, we compare the polar cases of Chile and...
Persistent link: https://www.econbiz.de/10012467532
There are some striking similarities between the pre 1914 gold standard and EMU today. Both arrangements are based on fixed exchange rates, monetary and fiscal orthodoxy. Each regime gave easy access by financially underdeveloped peripheral countries to capital from the core countries. But the...
Persistent link: https://www.econbiz.de/10012459549
This paper begins by identifying the distinguishing characteristic of the "real business cycle" (RBC) class of macroeconomic models. It then scruitinizes existing evidence, presented in support of the RBC approach, of three types: calibrated general equilibrium models with no monetary sector,...
Persistent link: https://www.econbiz.de/10012477139