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"While substantial research finds that financial development boosts overall economic growth, we study whether financial development disproportionately raises the incomes of the poor and alleviates poverty. Using a broad cross-country sample, we distinguish among competing theoretical predictions...
Persistent link: https://www.econbiz.de/10010522996
While substantial research finds that financial development boosts overall economic growth, we study whether financial development disproportionately raises the incomes of the poor and alleviates poverty. Using a broad cross-country sample, we distinguish among competing theoretical predictions...
Persistent link: https://www.econbiz.de/10012467709
economy, all provided the Israeli economy with an entry "ticket" to the OECD; the 35-member group of the world advanced …- inflation advanced economy in the 2000s, while increasingly integrated into the world economy. The extraordinary events surveyed …
Persistent link: https://www.econbiz.de/10012456112
This paper tests the differential effects of the generosity of the welfare state under free migration and under policy-controlled migration, distinguishing between source developing and developed countries. We utilize free-movement within the EU to examine the free migration regime and compare...
Persistent link: https://www.econbiz.de/10012461827
implication of the theory is that globalization forces could induce monetary authorities, to put a greater emphasis on reducing …
Persistent link: https://www.econbiz.de/10012467036
In the presence of lumpy investment cost of adjustment, globalization may have non-conventional effects on the level of …-validating expectations. In this sense globalization destabilizes the economy. There can be substantial gains from globalization in the …
Persistent link: https://www.econbiz.de/10012469888
institutions. The second discusses the impact of globalization on growth, inflation and the Phillips curve. The third contains a … globalization on the Philips Curve and thereby on domestic inflation-- means of transforming an inflation regime to a one with price …
Persistent link: https://www.econbiz.de/10012479766
. Financial globalization gathered force. Trade globalization, however, reversed course since the Global Financial Crisis. The new … financial globalization …
Persistent link: https://www.econbiz.de/10012482149
globalization, international tax competition, and the fading generosity of the welfare state. Financial globalization triggers a … key mechanism which links financial globalization to redistribution policy, this paper develops a stripped-down model …, where easing the country access to the world capital markets induces political-economy based policy changes that impact …
Persistent link: https://www.econbiz.de/10012452967
Persistent link: https://www.econbiz.de/10012455430