In this paper, we examine the role of the business cycle in divorce. To do so, we use a panel of 30 European countries covering the period from 1991 to 2010. We find a negative effect of the unemployment rate on the divorce rate, pointing to a pro-cyclical evolution of the divorce rate, even...

This paper aims to contribute to the meager literature on monetary policy effectiveness in Tunisia especially after the revolution of January 2011; a period during which the country entered a delicate democratization transition. On the basis of a monthly data of several macroeconomic variables...

Using a time-varying parameter vector autoregression (TVP-VAR) with a new sign restriction framework, we study the changing effectiveness of the Bank of Japan's Quantitative Easing policies over time. We analyse the Zero-Interest Rate Policy from 1999 to 2000, the Quantitative Easing Policy from...

Chile provides an interesting setting to analyze vulnerability to poverty, especially today, after the last poverty count presented in 2013 by the Ministry of Planning. After twenty years of declining poverty, national indicators showed an increase in poverty from 13% in 2006 to 14% in 2011....

Economic growth and unemployment exhibit an ambiguous relationship – according to empirical studies. This ambiguity can be investigated by observing the role of the underground economy in shaping the productivity of firms. Indeed, unemployment may be absorbed by underground firms, which adopt...

The findings of the existing literature on the relationship between employment protection legislation and the unemployment rate are mixed. This study analyzes the relationship between employment protection legislation measured by the OECD Employment Protection Index and the unemployment rate...

This paper investigates the deleveraging process in three neighboring countries: Slovenia, Croatia and Hungary. Prior to the economic crisis of 2008 all three countries have experienced solid rates of economic growth, economic stability, but also fast rise of foreign debt. After 2008 all three...

This paper investigates the deleveraging process in three neighboring countries: Slovenia, Croatia and Hungary. Prior to the economic crisis of 2008 all three countries have experienced solid rates of economic growth, economic stability, but also fast rise of foreign debt. After 2008 all three...

This paper tries to explain empirical causation between the exports and the real exchange rate. The paper develops a simple model, the model is based on the relationship of exports to: real interest rates differential, foreign demand for domestic goods and real exchange rate. The paper then...

The relation of the Greek employment policy to the European one, as it was formulated within EES and the Lisbon strategy, was a particular one. The Greek employment policy fully adopted the form, the structure and the discourse of the EES but it was only marginally influenced by the “way of...