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UK fiscal policy sustainability, 1955 - 2006
Fan, Jingwen; Arghyrou, Michael G. - 2011
We test for fiscal policy sustainability in the UK for the period 1955-2006. We find evidence of sustainability with three structural breaks, respectively occurring in the early 1970s, early 1980s and late 1990s. UK fiscal policy has been sustainable throughout the sample period except from...
Persistent link: https://www.econbiz.de/10010288768
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Hilfereformen und Aktivierungsstrategien im internationalen Vergleich
Konle-Seidl, Regina - 2008
Seit Ende der 1990er Jahre steht die Weiterentwicklung von Fürsorgesystemsysteme als letztem Netz nationaler Sicherungssysteme zu einer 'aktivierenden' Grundsicherung auf der Reformagenda in vielen Ländern. Die gemeinsame Zielsetzung von Hilfereformen ist es, die soziale Treffsicherheit von...
Persistent link: https://www.econbiz.de/10010272265
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No more skivvy schemes? Active labour market policies and the British new deal for the young unemployed in context
Van Reenen, John - 2001
The British New Deal for Young People began in January 1998. After 6 months of unemployment, 18-24 year olds enter a 'Gateway' period where they are given extensive job search assistance. If they are unable to obtain an unsubsidised job, then they can enter one of four New Deal options. One of...
Persistent link: https://www.econbiz.de/10010292996
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The impact of the UK new deal for lone parents on benefit receipt
Dolton, Peter; Smith, Jeffrey A. - 2011
This paper evaluates the UK New Deal for Lone Parents (NDLP) program, which aims to return lone parents to work. Using rich administrative data on benefit receipt histories and a selection on observed variables identification strategy, we find that the program modestly reduces benefit receipt...
Persistent link: https://www.econbiz.de/10010278571
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Productive Ageing in Europa: Recherchestudie zu Good Practice in ausgewählten Mitgliedstaaten der EU
Götz, Rudolf; Naylon, Isabel; Natter, Ehrenfried - 2006
Europa sieht sich mit einer demographischen Entwicklung konfrontiert, die den Prognosen zufolge die wirtschaftliche Wettbewerbsfähigkeit und den Erhalt der sozialen Standards gefährdet. Vor dem Hintergrund dieser Entwicklung beauftragte die Bundesgeschäftsstelle des AMS Österreich die ÖSB...
Persistent link: https://www.econbiz.de/10010368764
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The McKenna rule and UK World War I finance
Nason, James M.; Vahey, Shaun P. - 2007
of debt retirement, which we show was forward-looking and smoothed in response to shocks to the real economy and tax …. However, the McKenna rule adversely affected the real economy, according to a permanent income model. WWI and interwar U …
Persistent link: https://www.econbiz.de/10010292227
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What are the effects of tax changes in the United Kingdom? New evidence from a narrative evaluation
Cloyne, James - 2011
This paper estimates the effects of tax changes on the U.K. economy. Identification is achieved by isolating the … 'exogenous' tax policy shocks in the post-war U.K. economy using a narrative strategy as in Romer and Romer (2010). The resulting … and significant effects on the economy. Finally, 'exogenous' tax changes are shown to have contributed to major episodes …
Persistent link: https://www.econbiz.de/10010274733
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A structural model of coronavirus behaviour: What do four waves of Covid tell us?
Meenagh, David; Minford, Patrick - 2022
This paper extends Meenagh and Minford (2021) to the four waves of infection in the UK by end-2021, using the unique newly available sample-based estimates of infections created by the ONS. These allow us to estimate the e§ects on the Covid hospitalisation and fatality rates of vaccination and...
Persistent link: https://www.econbiz.de/10014480726
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What are the macroeconomic effects of asset purchases?
Weale, Martin; Wieladek, Tomasz - 2014
then explore the transmission channels to the domestic economy and emerging markets. Our results suggest that asset …
Persistent link: https://www.econbiz.de/10011537061
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Unconventional monetary policy and the great recession - Estimating the impact of a compression in the yield spread at the zero lower bound
Baumeister, Christiane; Benati, Luca - 2010
We explore the macroeconomic impact of a compression in the long-term bond yield spread within the context of the Great Recession of 2007-2009 via a Bayesian time-varying parameter structural VAR. We identify a ‘pure’ spread shock which, leaving the short-term rate unchanged by construction,...
Persistent link: https://www.econbiz.de/10011605304