This paper explores the relationship between economic growth and the welfare state. We argue that: (i) the institutional constraints set by the international monetary system may be at least as effective determinants of growth differentials between countries as the different dimensions of their...

Arbeitsmarkt- und Beschäftigungspolitik in Dänemark haben von Wissenschaft und Politik in den letzten Jahren große Aufmerksamkeit erhalten, da das kleine Land als erfolgreicher Wohlfahrtsstaatsmodernisierer gilt. Das dänische Beschäftigungswunder wird dabei als Gegenentwurf zu einer Politik...

Economists and demographers have long argued that fertility differs by income (differential fertility), and that social security creates incentives for people to rear fewer children. Does the effect of social security on fertility differ by income? How does social security change the...

In this paper we study the quantitative properties of a policy reform aimed at funding the pension system in the standard model economy with perfect substitution across workers with different experience levels and a model economy where this substitutability is imperfect. With compulsory...

Este trabajo estima el efecto agregado dinámico de shocks exógenos a dos componentes clave del gasto público en Estados Unidos, las transferencias de renta y el gasto gubernamental en bienes y servicios. La estrategia de identificación instrumenta los shocks estructurales al gasto público...

During Peter Drucker’s talk entitled "From Counting to Measurements" he discusses accounting and measurement. During his lecture, he talks about: activity based accounting, the Coca-Cola Company and independent bottlers, automobile companies, the cluster concept, Procter & Gamble and Sam...

En este documento se presenta una herramienta, disponible en el Banco de España, para la previsión de los pagos por intereses de las Administraciones Públicas (AAPP) en nuestro país. Frente a modelos más detallados, que tienen en cuenta las características específicas y las fechas...

Rationale The last year has seen growing demand for healthcare services, but the causes of this increase, and how persistent it will be, are as yet uncertain. Should these dynamics prove to be long-lasting and associated with a prolonged deterioration in the general health of the Spanish...

University-industry partnerships (UIPs) are widely viewed as essential in leveraging research capability and economic performance in organizations and the nation as a whole. In Australia, as in many other countries, the national government commits significant funds to such ‘strategic’...