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Austerity is a concept that is often used in the public debate. It refers to fiscal policy measures that reduce government spending and raise taxes for the purposes of closing a government budget deficit. This paper analyzes the concept in the context of the current European economic crisis and...
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Advanced economies made available more than 5 trillion USD through government-supported credit guarantee and direct loan programs to provide lifelines to firms in the face of the COVID-19 pandemic. Notwithstanding the unprecedented scale of credit made available, an in-depth analysis of the...
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' domestic outside options. Only if the latter become sufficiently attractive will redistribution induce some offshoring, and it … for the generosity of the welfare state below which redistribution becomes less instead of more distortive. …
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improves the workers' outside options. Only if the latter become sufficiently attractive will redistribution induce some … upper limit for the generosity of the welfare state below which redistribution becomes less instead of more distortive. …
Persistent link: https://www.econbiz.de/10010270554
' domestic outside options. Only if the latter become sufficiently attractive will redistribution induce some offshoring, and it … for the generosity of the welfare state below which redistribution becomes less instead of more distortive. -- offshoring … ; import competition ; wage bargaining ; oligopoly ; redistribution …
Persistent link: https://www.econbiz.de/10003931419
improves the workers' outside options. Only if the latter become sufficiently attractive will redistribution induce some … upper limit for the generosity of the welfare state below which redistribution becomes less instead of more distortive …. -- offshoring : import competition ; wage bargaining ; oligopoly ; redistribution …
Persistent link: https://www.econbiz.de/10003966443