Showing 1 - 10 of 153
between budget cuts and health outcomes. Health spending and inputs were very high in Greece before the crisis: in several …
Persistent link: https://www.econbiz.de/10012912530
Using high quality administrative data on Greece we show that class size has a hump shaped effect on achievement. We do …
Persistent link: https://www.econbiz.de/10012872318
We document that in semiformal economies, banks lend to tax-evading individuals based on the bank's assessment of the individual's true income. This observation leads to a novel approach to estimate tax evasion. We use microdata on household credit from a Greek bank, and replicate the bank...
Persistent link: https://www.econbiz.de/10013003610
As of August 2015, Greece's loan repayments due to external creditors through 2057 summed to €319.5 billion, requiring … sufficient to increase Greece's primary balance by one percent of 2014 GDP – roughly a quarter of Greece's total debt obligations … overestimate the amount of actual revenue that Greece would raise due to the endogenous adjustment of capital and labor. Meeting …
Persistent link: https://www.econbiz.de/10013012694
We use a network model of credit risk to measure market expectations of the potential spillovers from a sovereign default. Specifically, we develop an empirical model, based on the recent theoretical literature on contagion in financial networks, and estimate it with data on sovereign credit...
Persistent link: https://www.econbiz.de/10013045650
decline in Greece's output, especially investment, is deeper and more persistent than in almost any crisis on record over that …
Persistent link: https://www.econbiz.de/10012988078
Argentina, Chile, Uruguay and Greece. The results suggest that the haircut imposed by Argentina in its 2005 restructuring (75 …
Persistent link: https://www.econbiz.de/10013027684
The conventional wisdom is (i) that fiscal austerity was the main culprit for the recessions experienced by many countries, especially in Europe, since 2010 and (ii) that this round of fiscal consolidation was much more costly than past ones. The contribution of this paper is a clarification of...
Persistent link: https://www.econbiz.de/10013030627
The relative popularity of adjustable-rate mortgages (ARMs) and fixed-rate mort- gages (FRMs) varies considerably both across countries and over time. We ask how movements in current and expected future interest rates affect the share of ARMs in total mortgage issuance. Using a nine-country...
Persistent link: https://www.econbiz.de/10013048590
university field of study. We use data from a large number of high schools in Greece, where the performance in these high …
Persistent link: https://www.econbiz.de/10012867253