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Okun's law is formulated as the ratio between GDP and unemployment (UE): β = f(GDP/UE). It is used to investigate the …
Persistent link: https://www.econbiz.de/10013498938
Diamond (1994) that an individual?s probability of leaving unemployment decreases with unemployment duration and increases …
Persistent link: https://www.econbiz.de/10010262575
Diamond (1994) that an individual's probability of leaving unemployment decreases with unemployment duration and increases …
Persistent link: https://www.econbiz.de/10011403854
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Several economic data series of Liechtenstein are backwardly estimated in order to achieve consistent historic time series. The generated series consist for instance of the national income for the years 1954 to 1992 (by regressive inter- and retropolation with indicators) and 1993 to 1997 (by...
Persistent link: https://www.econbiz.de/10010368149
This paper estimates the effects of tax changes on the U.K. economy. Identification is achieved by isolating the 'exogenous' tax policy shocks in the post-war U.K. economy using a narrative strategy as in Romer and Romer (2010). The resulting tax changes are shown to be unforecastable on the...
Persistent link: https://www.econbiz.de/10010274733
This paper demonstrates that increased optimism about future productivity can generate an immediate economic expansion in a neoclassical model with vintage capital and variable capacity utilization. Previous research has documented that standard neoclassical models cannot generate a simultaneous...
Persistent link: https://www.econbiz.de/10010281220
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The role of fiscal austerity has been questioned for centuries, but a rapidly increasing deficit along with the financial crisis in 2007 / 2008 influenced a renewed debate on the economics of austerity. This paper analyzes the role of austerity versus the role of economic growth. It also...
Persistent link: https://www.econbiz.de/10010520867