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Fiscal policy and growth: do financial crises make a difference?
Afonso, António; Grüner, Hans Peter; Kolerus, Christina - 2010
In this paper we assess to what extent in the existence of a financial crisis, government spending can contribute to mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel analysis for a set of OECD and non-OECD countries for the...
Persistent link: https://www.econbiz.de/10011605263
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Spinning out of control: Iceland in crisis
2009
Persistent link: https://www.econbiz.de/10014306476
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Iceland's financial crisis in an international perspective
Halldorsson, Olafur G. - 2010
Persistent link: https://www.econbiz.de/10014306487
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Migration, the quality of the labour force and economic inequality
Kahanec, Martin; Zimmermann, Klaus F. - 2008
Mobility of workers involves flows of labour, human capital and other production factors and thus contributes to a more efficient allocation of resources. Besides these effects on allocative efficiency, migrant flows affect relative wages and also change the international and national...
Persistent link: https://www.econbiz.de/10010265004
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Migration, the quality of the labour force and economic inequality
Kahanec, Martin; Zimmermann, Klaus F. - 2008
Mobility of workers involves flows of labour, human capital and other production factors and thus contributes to a more efficient allocation of resources. Besides these effects on allocative efficiency, migrant flows affect relative wages and also change the international and national...
Persistent link: https://www.econbiz.de/10010268676
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Interbank contagion at work: evidence from a natural experiment
Iyer, Rajkamal; Peydró, José-Luis - 2010
This paper tests financial contagion due to interbank linkages. For identification we exploit an idiosyncratic, sudden shock caused by a large-bank failure in conjunction with detailed data on interbank exposures. First, we find robust evidence that higher interbank exposure to the failed bank...
Persistent link: https://www.econbiz.de/10011605193
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Makroökonomische Rahmenbedingungen und die Einkommensverteilung: Welchen Einfluss hat die Finanzkrise?
Berthold, Norbert; Brunner, Alexander; Zenzen, Jupp - 2010
Finanzkrise auf die Ungleichheit. Unter der Annahme, dass sich diese als (negativer) exogener Wachstumsschock manifestiert, ist zu … erwarten, dass die Finanzkrise eine dämpfende Wirkung auf die Einkommensungleichheit in Deutschland haben wird. …In this paper we investigate the impact of macroeconomic variables on income inequality. Using data from the German …
Persistent link: https://www.econbiz.de/10010300316
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Market concentration and the likelihood of financial crises
Bretschger, Lucas; Kappel, Vivien - 2010
According to theory, market concentration affects the likelihood of a financial crisis in different ways. The “concentration-stability” and the “concentrationfragility” hypotheses suggest opposing effects operating through specific channels. Using data of 160 countries for the period...
Persistent link: https://www.econbiz.de/10011753202
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Liquidity in resolution: Estimating possible liquidity gaps for specific banks in resolution and in a systemic crisis
Amamou, Raschid; Baumann, Andreas; Chalamandaris, Dimitrios - 2020
This paper contributes to the debate on liquidity in resolution by providing a quantitative assessment of liquidity gaps of banks in resolution in the euro area. It estimates possible ranges of liquidity gaps for significant banks under different assumptions and scenarios. The findings suggest...
Persistent link: https://www.econbiz.de/10012521154
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Redistribution policy and inequality reduction in OECD countries: What has changed in two decades?
Immervoll, Herwig; Richardson, Linda - 2011
accelerated the trend towards greater income disparities in the past 20-25 years. In most countries, inequality among non … redistribution systems in place, greater inequality automatically leads to more redistribution, even if no policy action is taken. We … find that, in the context of rising market-income inequality, tax-benefit systems have indeed become more redistributive …
Persistent link: https://www.econbiz.de/10010282592