Showing 1 - 10 of 398
Persistent link: https://www.econbiz.de/10001436413
In this paper we study the link between elections, fiscal policy and economic growth/fluctuations. The set-up is a dynamic stochastic general equilibrium model of growth and endogenously chosen fiscal policy, in which two political parties can alternate in power. The party in office chooses...
Persistent link: https://www.econbiz.de/10001900202
We investigate the empirical impact of violence as compared to other trade impediments on trade flows. Our analysis is based on a panel data set with annual observations on 177 countries from 1968 to 1999, which brings together information from the Rose [2004] dataset, the ITERATE dataset for...
Persistent link: https://www.econbiz.de/10002246167
Four different versions of the macroeconomic models popular in policy analysis are specified and numerically implemented. Each provides a framework to experiment fiscal, monetary and trade policy issues for a small open economy or for economies that are interdependent in the global economy....
Persistent link: https://www.econbiz.de/10014216690
Potential links between inflation, (t), and unemployment, UE(t), in Germany have been examined. There exists a consistent (conventional) Phillips curve despite some changes in monetary policy. This Phillips curve is characterized by a negative relation between inflation and unemployment with the...
Persistent link: https://www.econbiz.de/10014223809
Conventional estimates of the impact of taxes on investment may be seriously biased by measurement error in the cost of capital. The existence and size of such error, however, has not been documented. Using panel data on different types of capital equipment, this paper provides direct evidence...
Persistent link: https://www.econbiz.de/10014156090
In the present paper through an empirical analysis with panel data author will attempt to evaluate the efficiency of government spending for education as a % of GDP in terms of a certain education quality criterion. The sample covers all world. Data are taken from Eurostat. The elaboration of...
Persistent link: https://www.econbiz.de/10014163263
Infrequent but turbulent episodes of outright sovereign default on domestic creditors are considered a ?forgotten history? in macroeconomics. We propose a heterogeneous- agents model in which optimal debt and default on domestic and foreign creditors are driven by distributional incentives and...
Persistent link: https://www.econbiz.de/10014120648
Infrequent but turbulent episodes of outright sovereign default on domestic creditors are considered a “forgotten history” in Macroeconomics. We propose a heterogeneous-agents model in which optimal debt and default on domestic and foreign creditors are driven by distributional incentives...
Persistent link: https://www.econbiz.de/10014124263
This paper shows that macroeconomic movements have strong effects on the happiness of nations. First, we find that there are clear microeconomic patterns in the psychological well-being levels of a quarter of a million randomly sampled Europeans and Americans from the 1970's to the 1990's....
Persistent link: https://www.econbiz.de/10014124648