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Does austerity pay off? : conference paper
Born, Benjamin; Müller, Gernot J.; Pfeifer, Johannes - 2014
Austerity measures are frequently enacted when the sustainability of public finances is in doubt. Such doubts are … reflected in high sovereign yield spreads and put further strain on government finances. Is austerity successful in restoring … economic activity. The conditions under which austerity takes place are crucial. During times of fiscal stress, spreads rise in …
Persistent link: https://www.econbiz.de/10010481328
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Trust in government and fiscal adjustments
Bursian, Dirk; Weichenrieder, Alfons J.; Zimmer, Jochen - 2013
The paper looks at the determinants of fiscal adjustments as reflected in the primary surplus of countries. Our conjecture is that governments will usually find it more attractive to pursue fiscal adjustments in a situation of relatively high growth, but based on a simple stylized model of...
Persistent link: https://www.econbiz.de/10009764994
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Trust in government and fiscal adjustments
Bursian, Dirk; Weichenrieder, Alfons J.; Zimmer, Jochen - 2013
The paper looks at the determinants of fiscal adjustments as reflected in the primary surplus of countries. Our conjecture is that governments will usually find it more attractive to pursue fiscal adjustments in a situation of relatively high growth, but based on a simple stylized model of...
Persistent link: https://www.econbiz.de/10010225802
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Fiscal sustainability, fiscal reactions, pitfalls and determinants
Afonso, António; Coelho, José Carlos - 2022
We examine the sustainability of public finances and its determinants for 19 Eurozone countries from 1995 to 2020. We …
Persistent link: https://www.econbiz.de/10013162289
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Monetary Developments and Expansionary Fiscal Consolidations : Evidence from the EMU
Afonso, António - 2014
This paper provides new insights about the existence of expansionary fiscal consolidations in the Economic and Monetary Union, using annual panel data for 14 European Union countries over the period 1970-2012. Different measures for assessing fiscal consolidations based on the changes in the...
Persistent link: https://www.econbiz.de/10013050643
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Fiscal consolidation and the current account : OECD evidence
Breuer, Christian; Nam, Chang-woon - 2020
-deficit ffect is particularly pronounced in the case of expenditure cuts and in Eurozone countries. These findings are in line with …
Persistent link: https://www.econbiz.de/10012162382
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Fiscal consolidation and the current account : OECD evidence
Breuer, Christian; Nam, Chang-woon - 2020
-deficit effect is particularly pronounced in the case of expenditure cuts and in Eurozone countries. These findings are in line with …
Persistent link: https://www.econbiz.de/10012157972
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Hysteresis in Labor Markets? Evidence from Professional Long-Term Forecasts
Bluedorn, John C. - 2019
We explore the long-term impact of economic booms on labor market outcomes using a novel approach based on revisions to professional forecasts over the past 30 years for 34 advanced economies. We find that when employment rises unexpectedly, forecasters typically raise their long-term forecasts...
Persistent link: https://www.econbiz.de/10012868467
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Labour mobility - an adjustment mechanism in Euroland? : Empirical evidence for Western Germany, France, and Italy
Puhani, Patrick A. - 1999
The purpose of this paper is to evaluate whether labour mobility is likely to act as a sufficient adjustment mechanism in the face of asymmetric shocks in Euroland. To this end, we estimate the elasticity of migration with respect to changes in unemployment and income on the basis of regional...
Persistent link: https://www.econbiz.de/10001362962
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Labour mobility - an adjustment mechanism in Euroland? : empirical evidence for Western Germany, France, and Italy
Puhani, Patrick A. - 1999
The purpose of this paper is to evaluate whether labour mobility is likely to act as a sufficient adjustment mechanism in the face of asymmetric shocks in Euroland. To this end, we estimate the elasticity of migration with respect to changes in unemployment and income on the basis of regional...
Persistent link: https://www.econbiz.de/10013428271