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the international transmission of productivity improvements generate the observed degree of risk-sharing: one associated … effcient risk-sharing, negatively correlated with cross-country consumption ratios. This paper shows that incomplete asset … transmission pattern, questioning the presumption that terms-of-trade movements foster international risk-pooling. …
Persistent link: https://www.econbiz.de/10009636531
shock affecting only one country. Efficient global risk-sharing imply that expected productivity gains in one country will … for the productivity gains can further increase the risk exposure of foreign shareholders. The model is calibrated to show … international equity transactions that accentuate the role of international risk sharing as a factor for the macroeconomic response …
Persistent link: https://www.econbiz.de/10009635970
This evaluation covers European Commission support to agricultural commodities in all Africa Caribbean and Pacific (ACP) countries over the period 2000-2009 in the context of the policies and approaches laid down in two Communications that set out the European Union’s (EU) Action Plan for...
Persistent link: https://www.econbiz.de/10011799378
This report presents the conclusions from a seminar on families and childcare services held in Ankara, Turkey, on 5 June 2008. The seminar was organised by the European Foundation for the Improvement of Living and Working Conditions (Eurofound), in cooperation with the Turkish Ministry of Labour...
Persistent link: https://www.econbiz.de/10011998831
We compute public sector performance (PSP) and efficiency (PSE) indicators, comprising a composite and seven sub-indicators, for 23 industrialised countries. The first four sub-indicators are u0093opportunityu0094 indicators that take into account administrative, education and health outcomes...
Persistent link: https://www.econbiz.de/10009635959
The paper extends the standard intertemporal model of the current account to include two important stylised facts: (1) the persistence of current account positions and (2) the relevance of the fiscal balance. Specifically, the paper derives a closed form solution for consumption in the presence...
Persistent link: https://www.econbiz.de/10009636534
We live in a service economy, but the extent of development of service employment differs across developed countries. This paper assesses the role of structural factors and institutions in explaining the common patterns and main differences in the recent expansion of service employment in OECD...
Persistent link: https://www.econbiz.de/10009636543
decision problem of using self-governance for risk sharing or governance through enforcement provided by these institutions … prevent first-best risk sharing, but never optimal to provide incentives exclusively via this technology. Commitment problems …
Persistent link: https://www.econbiz.de/10009635888
This report is about gathering information on the hazards raised by human economic activities and its use in taking action to protect better the environment and the health of the species and ecosystems that are dependent on it. The study aims to contribute to better and more accessible...
Persistent link: https://www.econbiz.de/10009635974
This report is about gathering information on the hazards raised by human economic activities and its use in taking action to protect better the environment and the health of the species and ecosystems that are dependent on it. The study aims to contribute to better and more accessible...
Persistent link: https://www.econbiz.de/10009636105