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Reassessment of the Fiscal Multiplier in Developing Countries: Regime-Switching Model
Hlaváček, Michal; Ismayilov, Ilgar; Zeynalov, Ayaz - 2020
The existing literature on fiscal policy has mainly employed linear models that found a small fiscal multiplier in developing economies. These findings challenge the importance and e↵ectiveness of fiscal policy for these countries. However, linear models are not capable of distinguishing the...
Persistent link: https://www.econbiz.de/10014547780
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Long-run effects of austerity
Martins, Guilherme Klein - 2022
This paper provides evidence that austerity shocks have long-run negative effects on GDP. Besides addressing the important gap in the growing fiscal research regarding the short time horizon of the estimations, this paper analyzes two other important assumptions made in the literature regarding...
Persistent link: https://www.econbiz.de/10014480474
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Long memory in Turkish unemployment rates
Gil-Alaña, Luis Alberiko; Ozdemir, Zeynel Abidin; … - 2017
In this paper we have examined the unemployment rate series in Turkey by using long memory models and in particular employing fractionally integrated techniques. Our results suggest that unemployment in Turkey is highly persistent, with orders of integration equal to or higher than 1 in most...
Persistent link: https://www.econbiz.de/10012060197
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Capital stock and unemployment: searching for the missing link
Perez-Soba Aguilar, Ines; Marquez de la Cruz, Elena; … - 2006
the determination of the Non-Accelerating Inflation Rate of Unemployment (NAIRU) over the last four decades. The authors … of imports, and aggregate capacity utilization were determinants of the NAIRU during the period. The same evidence also … shows that technical progress and changes in long-term unemployment did not affect the NAIRU. We believe this evidence …
Persistent link: https://www.econbiz.de/10010266535
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Phillips curves and unemployment dynamics: A critique and a holistic perspective
Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2006
NAIRU. The labour macro literature tries to explain unemployment dynamics and determine the real economic factors that drive …
Persistent link: https://www.econbiz.de/10010281022
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Taxes and market hours: The role of gender and skill
Duval-Hernández, Robert; Fang, Lei; Ngai, Rachel - 2017
Cross-country differences of market hours in 17 countries belonging to the Organisation for Economic Co-operation and Development are mainly due to the hours of women, especially low-skilled women. This paper develops a model to account for the gender-skill differences in market hours across...
Persistent link: https://www.econbiz.de/10012030260
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Employment guarantee programs: a survey of theories and policy experiences
Kaboub, Fadhel - 2007
This working paper provides a survey of the theoretical underpinnings for the various employment guarantee schemes, and discusses full employment policy experiences in the United States, Sweden, India, Argentina, and France. The theoretical and policy developments are delineated in a historical...
Persistent link: https://www.econbiz.de/10010266460
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The right to a job, the right types of projects: employment guarantee policies from a gender perspective
Antonopoulos, Rania - 2007
There is now widespread recognition that in most countries, private-sector investment has not been able to absorb surplus labor. This is all the more the case for poor unskilled people. Public works programs and employment guarantee schemes in South Africa, India, and other countries provide...
Persistent link: https://www.econbiz.de/10010266476
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The return of fiscal policy: Can the new developments in the new economic consensus be reconciled with the Post-Keynesian view?
Tcherneva, Pavlina R. - 2008
The monetarist counterrevolution and the stagflation period of the 1970s were among the theoretical and practical developments that led to the rejection of fiscal policy as a useful tool for macroeconomic stabilization and full employment determination. Recent mainstream contributions, however,...
Persistent link: https://www.econbiz.de/10010266483
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Hypothetical integration in a social accounting matrix and fixed-price multiplier analysis
Kim, Kijong - 2008
This study proposes a simple modification to a Social Accounting Matrix (SAM) in order to analyze the multiplier effects of a new sector. A different input composition, or technology, of the sector makes a conventional analysis of final-demand injections on existing sectors invalid. We show that...
Persistent link: https://www.econbiz.de/10010266515