Showing 1 - 10 of 448
This paper uses a modi.ed Harrodian model to understand both the long period of rapid Japanese growth and the recent period of stagnation. The model has multiple steady-growth solutions when the labour supply is highly elastic, and government intervention, we argue, took the Japanese economy...
Persistent link: https://www.econbiz.de/10010287845
Der Beitrag analysiert die inner-europäischen Leistungsbilanzungleichgewichte auf der Grundlage der Theorie der optimalen Währungsräume. Wir zeigen, dass die deutsche Wiedervereinigung nicht nur zur EWS-Krise 1992/93 führte, sondern auch der Ursprung der derzeitigen europäischen...
Persistent link: https://www.econbiz.de/10010305581
Many observers consider the German 'debt brake' beyond criticism. In the current crisis, many European countries have difficulties refinancing their budgets, while the German treasury's funding conditions are most favourable. The 'fiscal compact's' call for the introduction of German-style 'debt...
Persistent link: https://www.econbiz.de/10010310935
, focusing in particular on the five countries in the South-West Eurozone Periphery (Greece, Ireland, Italy, Portugal, and Spain … emergence of TED spread as a key pricing factor. However, risk-pricing of the South-West Eurozone Periphery countries is not …. We find that Eurozone periphery default risk is priced much higher than the matched countries in 2010, even allowing for …
Persistent link: https://www.econbiz.de/10010287785
structural imbalances of the eurozone is of vital importance. …
Persistent link: https://www.econbiz.de/10011784657
Central bank credit has expanded dramatically since the beginning of 2007 in some of the euro area member countries. This paper makes two contributions to understand this stylized fact. First, we discuss a simple model of monetary policy that includes (i) a credit channel and (ii) a common pool...
Persistent link: https://www.econbiz.de/10010343285
1990 and the effects on poverty. To produce comparability between two household surveys, they use survey matching … significant decrease in the poverty headcount over the period and small but insignificant decreases in the country's extremely … high levels of inequality. Decomposition analysis shows that poverty reduction in Namibia is largely driven by growth in …
Persistent link: https://www.econbiz.de/10010293269
economic outcomes such as income growth, poverty and inequality indicators. Our analysis is based on microsimulations for eight … poverty and inequality. …
Persistent link: https://www.econbiz.de/10010293303
This paper investigates the concentration of access to safe water across income levels in Bolivia. In particular, it focuses on how privatisation has changed coverage, affordability and the concentration of access to water on the part of the poor. We compare the performance of cities in which...
Persistent link: https://www.econbiz.de/10010293309
This paper studies income poverty among the 50+ population in 10 EU countries using newly collected data from the SHARE …. Relative income poverty range from 10 percent (in Sweden) to 22 percent (in Switzerland). Logistic regression estimates show … increased likelihood of poverty. Less risk of poverty can be found among those that have supervision over the workplace, have …
Persistent link: https://www.econbiz.de/10010321533