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Economic uncertainties and their impact on activity in Greece compared with Ireland and Portugal

Schneider, Jan-David; Giorno, Claude - 2014

Uncertainty faced by households and firms affects economic activity. The rise in uncertainty since the beginning of the sovereign debt crisis in Greece could be one factor that has contributed to the steep and long-lasting recession. This paper presents a brief empirical analysis quantifying...

Persistent link: https://www.econbiz.de/10010464972

Comparing profit shares in value-added in four OECD countries : towards more harmonised national accounts

Pionnier, Pierre-Alain; Guidetti, Emmanuelle - 2015

of certain types of self-employed workers to the corporations’ sector of some countries, most notably Germany and Italy …, Italy and the United States are then much more similar than what the accounts for non-financial corporations suggest. The … evidence presented in this paper for France and Italy. It is only for the United States that we can confirm such an increase. …

Persistent link: https://www.econbiz.de/10011403307

Labour and employment policies in Italy : report

Italien / Ministero del Lavoro e della Previdenza Sociale - Roma : FGB, Fondazione Giacomo Brodolini [u.a.] - 1.1987 -

Persistent link: https://www.econbiz.de/10000499562

Designing fossil fuel subsidy reforms in OECD and G20 countries : a robust sequential approach methodology

Elgouacem, Assia - 2020

Reform of support for fossil fuels is often identified as a priority for a country’s fiscal consolidation efforts and for climate action to align financial flows with low-carbon pathways. Its implementation, however, remains elusive for many countries as they face seemingly irreconcilable...

Persistent link: https://www.econbiz.de/10012422676

Policies for inclusive and sustainable growth in Indonesia

Vujanovic, Petar - 2015

Indonesia has a very good record of poverty reduction, having halved its incidence over the past two decades. Nevertheless, almost 30 million people still live below the national poverty line, mostly in rural areas and in certain provinces. In order to make further progress in lifting these...

Persistent link: https://www.econbiz.de/10011399569

Decoupling of wages from productivity : macro-level facts

Schwellnus, Cyrille; Kappeler, Andreas; Pionnier, … - 2017

Over the past two decades, aggregate labour productivity growth in most OECD countries has decoupled from real median compensation growth, implying that raising productivity is no longer sufficient to raise real wages for the typical worker. This paper provides a quantitative description of...

Persistent link: https://www.econbiz.de/10011700183

Fan charts around GDP projections based on probit models of downturn risk

Turner, David; Chalaux, Thomas; Morgavi, Hermes - 2018

This paper describes a method for parameterising fan charts around GDP growth forecasts of the major OECD economies as well as the aggregate OECD. The degree of uncertainty – reflecting the overall spread of the fan chart – is based on past forecast errors, but the skew – reflecting...

Persistent link: https://www.econbiz.de/10011995776

Calibrating GDP fan charts using probit models with a comparison to the approaches of the Bank of England and Riksbank

Turner, David; Chalaux, Thomas - 2019

Fan charts were pioneered by the Bank of England and Riksbank and provide a visually appealing means to convey the uncertainty surrounding a forecast. This paper describes a method for parameterising fan charts around GDP growth forecasts by which the degree of uncertainty is based on past...

Persistent link: https://www.econbiz.de/10011998487

Using probit models of downturn risk to calibrate GDP fan charts for New Zealand

Kergozou, Nikki; Turner, David - 2019

Macroeconomic forecasters typically forecast fewer recessions than the number experienced, which means economic growth tends to be over-predicted on average. Consequently, forecast errors are not normally distributed, making it difficult to convey the uncertainty and risks based on the...

Persistent link: https://www.econbiz.de/10011998489

Reforming in a difficult macroeconomic context : a review of the issues and recent literature

Caldera Sánchez, Aida; De Serres, Alain; Yashiro, Naomitsu - 2016

This paper reviews the main issues related to the short-term impact of structural reforms in different macroeconomic contexts and takes stock of existing theoretical and empirical studies. Taking reforms introduced in “normal” times as a benchmark, it reviews the available evidence on the...

Persistent link: https://www.econbiz.de/10011577742

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