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Tax Reform and the Dutch Labor Market : an Applied General Equilibrium Approach

Bovenberg, A. Lans; Graafland, Johan J.; De Mooij, Ruud A. - 2021

This paper employs MIMIC, an applied general equilibrium model of the Dutch economy, to explore various tax cuts aimed at combating unemployment and raising labor supply. MIMIC combines modern labor-market theories, a firm empirical foundation detailed description of Dutch labor-market...

Persistent link: https://www.econbiz.de/10013233002

Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and the Distribution of Income

Dabla-Norris, Era - 2015

A general equilibrium model featuring multiple realistic sources of financial frictions is developed to study how different constraints interact in equilibrium. We highlight, distinguish, and evaluate their differential impacts and rich interactions. The economic impact of financial inclusion...

Persistent link: https://www.econbiz.de/10013030631

Why Have Economic Reforms in Mexico Not Generated Growth?

Kehoe, Timothy J. - 2010

Following its opening to trade and foreign investment in the mid-1980s, Mexico's economic growth has been modest at … that the relation between openness and growth is not a simple one. Using standard trade theory, we find that Mexico has … continuing reforms, Chinese growth is likely to slow down sharply, perhaps leaving China at a level less than Mexico's real GDP …

Persistent link: https://www.econbiz.de/10013135399

Labor Regulations, Unions, and Social Protection in Developing Countries : Market Distortions or Efficient Institutions?

Freeman, Richard B. - 2021

This essay reviews what economists have learned about the impact of labor market institutions, defined broadly as government regulations and union activity on labor outcomes in developing countries. It finds that: 1) Labor institutions vary greatly among developing countries but less than they...

Persistent link: https://www.econbiz.de/10013313263

The Effect of Aid on Growth : Evidence from a Quasi-Experiment

Galiani, Sebastian - 2016

The literature on aid and growth has not found a convincing instrumental variable to identify the causal effects of aid. This paper exploits an instrumental variable based on the fact that since 1987, eligibility for aid from the International Development Association (IDA) has been based partly...

Persistent link: https://www.econbiz.de/10012994903

Do Monetary Policy Frameworks Matter in Low Income Countries?

Carare, Alina; de Resende, Carlos; Levin, Andrew T.; … - 2022

Microeconomic evidence indicates a very high frequency of price adjustment in low income countries (LICs), raising the question of whether LICs may be reasonably characterized as exhibiting monetary neutrality. To address this question, we analyze a cross-country panel dataset of 79 LICs over...

Persistent link: https://www.econbiz.de/10014242828

Emes and Covid-19 : Shutting Down in a World of Informal and Tiny Firms

Alfaro, Laura - 2020

Emerging economies are characterized by an extremely high prevalence of informality, small-firm employment and jobs not fit for working from home. These features factor into how the COVID-19 crisis has affected the economy. We develop a framework that, based on accounting identities and actual...

Persistent link: https://www.econbiz.de/10012831281

Poverty Alleviation Strategies Under Informality : Evidence for Latin America

Caruso Bloeck, Martin; Galiani, Sebastian; … - 2021

Strategies based on growth and inequality reduction require a long-run horizon, and this paper therefore argues that those strategies need to be complemented by poverty alleviation programs. With regards to such programs, informality in Latin America and the Caribbean is a primary obstacle to...

Persistent link: https://www.econbiz.de/10013310573

Fiscal Limits in Advanced Economies

Leeper, Eric M. - 2011

Aging populations in advanced economies are placing ever-increasing demands on government spending in the form of old-age benefits. Economies that have promised substantially more benefits than they have made provision to finance are heading into a prolonged era of fiscal stress. Unresolved...

Persistent link: https://www.econbiz.de/10013129132

Continuous-Time Methods for Integrated Assessment Models

Cai, Yongyang - 2012

Continuous time is a superior representation of both the economic and climate systems that Integrated Assessment Models (IAM) aim to study. Moreover, continuous-time representations are simple to express. Continuous-time models are usually solved by discretizing time, but the quality of a...

Persistent link: https://www.econbiz.de/10013100985

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