Narrow search
Showing 1 - 10 of 95
Cover Image
Inflation, factor substitution and growth
Klump, Rainer - 2003
Recent empirical studies on the inflation-growth-relationship underline that inflation has negative growth effects already under relatively modest rates. Most contributions to monetary growth theory, however, have difficulties in explaining such a pattern. It is shown in this paper that this...
Persistent link: https://www.econbiz.de/10009635886
Cover Image
Fiscal rules and sustainability of public finances in an endogenous growth model
Annicchiarico, Barbara; Giammarioli, Nicola - 2004
This paper presents a two period overlapping generations model with endogenous growth in the presence of a public sector with objectives of convergence for public debt and primary balance to GDP ratios. In order to ensure the existence of converging paths towards the target values of fiscal...
Persistent link: https://www.econbiz.de/10009639435
Cover Image
Fiscal sustainability and public debt in an endogenous growth model
Fernández-Huertas Moraga, Jesús; Vidal, Jean-Pierre - 2004
This paper investigates fiscal sustainability in an overlapping generations economy with endogenous growth coming from human capital formation through educational spending. We assess how budgetary imbalances affect economic dynamics and the outlook for economic growth, thereby providing a...
Persistent link: https://www.econbiz.de/10009639455
Cover Image
The role of product market regulations in the process of structural change
Messina, Julián - 2003
. In this framework, product market regulations raise barriers to entry that hinder the development of sectors with income … negative association between product market regulations and the employment rate previously found in the literature. …
Persistent link: https://www.econbiz.de/10009639850
Cover Image
Social returns to education
Canton, Erik - 2007
This paper presents new evidence on the social returns to education within a macroeconomic growth regression framework. I use improved schooling data and a macro version of the Mincer relationship between education and wages for individual workers. The results suggest that an increase by one...
Persistent link: https://www.econbiz.de/10009640173
Cover Image
The impact of high and growing government debt on economic growth
Checherita, Cristina; Rother, Philipp - 2010
This paper investigates the average impact of government debt on per-capita GDP growth in twelve euro area countries over a period of about 40 years starting in 1970. It finds a non-linear impact of debt on growth with a turning point—beyond which the government debt-to-GDP ratio has a...
Persistent link: https://www.econbiz.de/10009640303
Cover Image
Imposing parsimony in cross-country growth regressions
Jarociński, Marek - 2010
The number of variables related to long-run economic growth is large compared with the number of countries. Bayesian model averaging is often used to impose parsimony in the cross-country growth regression. The underlying prior is that many of the considered variables need to be excluded from...
Persistent link: https://www.econbiz.de/10009640306
Cover Image
Theoretical notes on bubbles and the current crisis
Martin, Alberto; Ventura, Jaume - 2011
We explore a view of the crisis as a shock to investor sentiment that led to the collapse of a bubble or pyramid scheme in financial markets. We embed this view in a standard model of the financial accelerator and explore its empirical and policy implications. In particular, we show how the...
Persistent link: https://www.econbiz.de/10009640837
Cover Image
Quarterly bond market note - developments in the euro-denominated bond markets in the 4th quarter (October - December) 2000
Europäische Kommission / Generaldirektion Wirtschaft … - 2000
Persistent link: https://www.econbiz.de/10012036324
Cover Image
Assessing the economic implications of Turkish accession to the EU
Lejour, A. M.; de Mooij, R.A.; Capel, C. H. - 2004
three main changes associated with Turkish membership: (i) accession to the internal European Market; (ii) institutional … creation. Turkey experiences larger economic gains than the EU: consumption per capita is estimated to rise by about 4% as a … result of accession to the internal market and free movement of labour. If Turkey would succeed in reforming its domestic …
Persistent link: https://www.econbiz.de/10009636555