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The impact of family friendly policies in Spain and their use throughout the business cycle
Rica, Sara de la; Gorjón, Lucía - 2015
The aim of this paper is to evaluate various aspects of a family friendly law (Act 39/99) approved in Spain in 1999, which grants parents the right to reduce their work-time schedule for childcare issues. Moreover, those who resort to that law enjoy higher protection against dismissal than other...
Persistent link: https://www.econbiz.de/10011407738
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The impact of family-friendly policies in Spain and their use throughout the business cycle
Rica, Sara de la; Gorjón, Lucía - In: IZA journal of European Labor Studies 5 (2016) 9, pp. 1-26
The aim of this paper is to evaluate the family-friendly law (Act 39/99) approved in Spain in 1999, which grants parents the right to reduce work time schedule for childcare issues. We find an increase of work time reduction by around 18 %. Second, we find that employers restrict indefinite...
Persistent link: https://www.econbiz.de/10011660254
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Market and political power interactions in Greece : an empirical investigation
Kollintzas, Tryphon; Papageorgiou, Dimitris; Tsionas, … - In: IZA journal of labor policy 7 (2018) 1, pp. 1-43
, wage setting institutions, competition conditions, public finances, and external imbalances can account for the behavior of … TSL have an adverse effect on both TFP and output growth. Finally, the effect of WPR and TSL on the business cycle (shock …/output growth and the shock propagation mechanism results to provide strong evidence that Greece and to a lesser extent Spain and …
Persistent link: https://www.econbiz.de/10011821749
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Flexibility of adjustment to shocks: Economic growth and volatility of middle-income countries before and after the Global Financial Crisis of 2008
Aizenman, Joshua; Jinjarak, Yothin; Estrada, Gemma; … - 2017
the associations of growth level, growth volatility, shocks, institutions, and macroeconomic fundamentals have changed in … role of institutions and macroeconomic fundamentals on countries' adjustment to shocks. Our empirical analysis shows that … important ways after the crisis. Gross domestic product growth across countries has become more dependent on external factors …
Persistent link: https://www.econbiz.de/10012064688
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Flexibility of adjustment to shocks : economic growth and volatility of middle-income countries before and after the global financial crisis of 2008
Aizenman, Joshua; Jinjarak, Yothin; Estrada, Gemma; … - In: Emerging markets finance & trade : a journal of the … 54 (2018) 4/5/6, pp. 1112-1131
Persistent link: https://www.econbiz.de/10012123569
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Flexibility of adjustment to shocks : economic growth and volatility of middle-income countries before and after the Global Financial Crisis of 2008
Aizenman, Joshua; Jinjarak, Yothin; Estrada, Gemma; … - 2017
the associations of growth level, growth volatility, shocks, institutions, and macroeconomic fundamentals have changed in … role of institutions and macroeconomic fundamentals on countries' adjustment to shocks. Our empirical analysis shows that … important ways after the crisis. Gross domestic product growth across countries has become more dependent on external factors …
Persistent link: https://www.econbiz.de/10011754881
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Volatility and growth : governments are key
Jetter, Michael - 2013
increase of volatility lowers growth by up to 0.57 percentage points in a democracy, but raises growth by 1.74 percentage …There exists a persistent disagreement in the literature over the effect of business cycles on economic growth. This … negative indirect effect, operating through the insurance mechanism of government size. Theoretically, the net growth effect of …
Persistent link: https://www.econbiz.de/10010228789
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Foundations of Business Cycle Research Volume II
Van Den Hauwe, Ludwig - 2011
It had been recognized since long that macroeconomic stability and instability issues do not only depend upon monetary policy narrowly conceived but also, and even more fundamentally, upon the monetary-institutional framework or monetary constitution which is in place. More recently attempts at...
Persistent link: https://www.econbiz.de/10013120629
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Fiscal Rules and Discretion under Persistent Shocks
Halac, Marina - 2012
This paper studies the optimal level of discretion in policymaking. We consider a fiscal policy model where the government has time-inconsistent preferences with a present-bias towards public spending. The government chooses a fiscal rule to trade off its desire to commit to not overspend...
Persistent link: https://www.econbiz.de/10013102126
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A Theory of Political and Economic Cycles
Ales, Laurence - 2012
We develop a theoretical framework in which political and economic cycles are jointly determined. These cycles are driven by three political economy frictions: policymakers are non-benevolent, they cannot commit to policies, and they have private information about the tightness of the government...
Persistent link: https://www.econbiz.de/10013107406