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Words speak louder than actions: The impact of politics on economic performance
Osterloh, Steffen - 2010
In this paper, a new approach to disclose the impact of politics on economic growth is presented: we use data derived from content analysis of party manifestos as measures of party preferences. In a panel of 23 OECD countries, we detect a positive impact of party support for various...
Persistent link: https://www.econbiz.de/10010303002
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Does globalization restrict budgetary autonomy? A multidimensional approach
Heinemann, Friedrich - 1999
Does globalization restrict the leeway for national budgetary policy? With the help of cluster and discriminant analysis this study provides evidence on the basis of the experience of OECD countries since the 1970s. Four budgetary dimensions are included in the analysis: tax structure,...
Persistent link: https://www.econbiz.de/10010297629
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Fiscal adjustment in Greece: In search for sustainable public finances
van Aarle, Bas; Kappler, Marcus - 2011
This paper analyses Greek fiscal sustainability from a retrospective and a prospective view. Implications of Greek fiscal (un)sustainability are discussed. In the empirical analysis econometric testing of Greek government solvency during the period 1985-2008 is combined with a scenario analysis...
Persistent link: https://www.econbiz.de/10010307840
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Temporary extra jobs for immigrants: Merging lane to employment or dead-end road in welfare?
Thomsen, Stephan L.; Walter, Thomas - 2010
We evaluate the effects of the most frequently used German welfare-to-work program on the employment chances of immigrant welfare recipients. In particular, we investigate whether program effects differ between immigrants and natives and what might cause these potential differences. Our results...
Persistent link: https://www.econbiz.de/10010300378
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A macroeconomic model for the evaluation of labor market reforms
Krebs, Tom; Scheffel, Martin - 2010
equilibria substantially. We calibrate the model to German data and use the calibrated model economy to simulate the …
Persistent link: https://www.econbiz.de/10010301694
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The heterogeneous effects of training incidence and duration on labor market transitions
Fitzenberger, Bernd; Osikominu, Aderonke; Paul, Marie - 2010
This paper estimates the impact of training incidence and duration on employment transitions accounting for the endogeneity of program participation and duration. We specify a very flexible bivariate random effects probit model for employment and training participation and we use Bayesian Markov...
Persistent link: https://www.econbiz.de/10010302582
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Unterschiede zwischen Fiskal- und Geldpolitik und die Konsequenzen für eine Delegation
Ullrich, Katrin - 2005
Geldpolitik politisch unabhängig auf der supranationalen Ebene für die Länder der Europäischen Währungsunion gemeinsam … Natur, wobei zugleich mit der Stabilisierungsfunktion die Aufgaben der Umverteilung und Allokation der Finanzpolitik berührt … der unabhängigen Geldpolitik bei nationaler, abhängiger Fiskalpolitik durch die Veränderung der strategischen …
Persistent link: https://www.econbiz.de/10010297481
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Independence and Accountability of Monetary and Fiscal Policy Committees
Mihailov, Alexander; Ullrich, Katrin - 2007
The democratic accountability of policymaking institutions which are autonomous within delegated mandates has not received as much attention as their independence. We analyze in a theoretical model the effects of accountability in the form of possible overriding of economic policy decisions by...
Persistent link: https://www.econbiz.de/10010297927
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Dispelling the shadow of fiscal dominance? Fiscal and monetary announcement effects for euro area sovereign spreads in the corona pandemic
Havlik, Annika; Heinemann, Friedrich; Helbig, Samuel; … - 2021
We use event study regressions to compare the impact of EU monetary versus fiscal policy announcements on government bond spreads of ten euro member countries. Our motivation is to evaluate which of the two players - the ECB or the EU fiscal level - has been more crucial for the stabilization of...
Persistent link: https://www.econbiz.de/10012544982
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Independence and Accountability of Monetary and Fiscal Policy Committees
Mihailov, Alexander; Ullrich, Katrin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2007
The democratic accountability of policymaking institutions which are autonomous within delegated mandates has not received as much attention as their independence. We analyze in a theoretical model the effects of accountability in the form of possible overriding of economic policy decisions by...
Persistent link: https://www.econbiz.de/10005098312