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Persistent link: https://www.econbiz.de/10012158755
document both the direct employment changes of individuals affected by trade exposure, as well as the employment response of … individuals whose partner is exposed to trade. We find substantial differences by gender. Men respond to import competition by … increasing labour force participation at older ages, and by moving into self-employment. This is true both in response to their …
Persistent link: https://www.econbiz.de/10014505286
This paper evaluates whether fiscal and foreign exchange policy shocks can explain both credit and credit supply in Venezuela. Empirical evidence suggests that between 65 and 90 percent of credit growth is linked to the buildup of banks' deposits caused by the monetary effects of fiscal...
Persistent link: https://www.econbiz.de/10011660860
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This paper analyses the cyclicality of fiscal policy (discretionary versus automatic) for 28 advanced economies over 1995-2021 by paying special attention to the Covid-19 crisis. We find evidence that discretionary fiscal policy during the Covid-19 crisis (2020-2021) was significantly more...
Persistent link: https://www.econbiz.de/10013373264
This paper makes three contributions to the existing literature. First, it provides descriptive evidence on gender … differentials by education level in the US labor market over the last twenty years. Second, it uses the structural estimation of a … search model of the labor market to identify and quantify the impact of employers' prejudice on labor market gender …
Persistent link: https://www.econbiz.de/10009684203
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1980. Over the period 1955-1980 an expansionary spending or revenue shock was associated with modestly higher stock prices …. After 1980, along with a decline in the fiscal multiplier, the response of stock prices to the same shock became negative …
Persistent link: https://www.econbiz.de/10011627039
This paper uses state-level data to estimate the effect of federal defense spending shocks on state real activity. We find moderately strong evidence that for the average state the fiscal multiplier is larger during recessions. However, there is substantial heterogeneity across the...
Persistent link: https://www.econbiz.de/10011773635