Showing 1 - 10 of 501
The paper analyses theoretically what role fiscal councils could play and surveys empirically the activities of existing councils. Case studies of the Swedish Fiscal Policy Council and the UK Office for Budget Responsibility are done. It is concluded that fiscal councils should be advisory,...
Persistent link: https://www.econbiz.de/10013128042
The Swedish Fiscal Policy Council (FPC) set up in 2007 is one example of the recent international trend to create independent fiscal watchdogs. The FPC has established itself as an important participant in the Swedish economic policy discussion. The FPC has small resources and a broad remit...
Persistent link: https://www.econbiz.de/10013111364
The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary monetary and fiscal policies is the hysteresis of...
Persistent link: https://www.econbiz.de/10013081055
The paper analyses how independent fiscal watchdogs (fiscal policy councils) can strengthen the incentives for fiscal discipline. By increasing fiscal transparency they can raise the awareness of the long-run costs of current deficits and increase the reputational costs for governments of...
Persistent link: https://www.econbiz.de/10013316062
We explore whether the global financial crisis has had heterogeneous effects on traded goods differentiated by quality. Combining a dataset of Argentinean firm-level destination-specific wine exports with quality ratings, we show that higher quality exports grew faster before the crisis, but...
Persistent link: https://www.econbiz.de/10013010482
institutional framework play a role in banks' decisions. To do so, we use a unique survey of banks in Argentina and Chile, two …
Persistent link: https://www.econbiz.de/10013159698
deficits and composition of public expenditures in Argentina. The empirical study is made using a dynamic panel data analysis …
Persistent link: https://www.econbiz.de/10008560096
The IMF had a coercitive and disciplining role in different eras of Argentina`s economic history. This role became more … strengthened their influence on Argentina´s economic policy. The climax was during the 1999-2001 period with the deepening of the …
Persistent link: https://www.econbiz.de/10008533687
This paper studies the welfare and policy implications of globalization when risk averse workers face the risk of unemployment. If the jobs performed by domestic workers can be easily substituted by imports, then globalization reduces wages and increases unemployment. In this situation, in the...
Persistent link: https://www.econbiz.de/10013028782
This paper assesses the effectiveness of a social public procurement policy in Switzerland that gives firms that train apprentices' a preferential treatment. We estimate the effectiveness of this social procurement policy on a firm's training participation, training intensity, and training...
Persistent link: https://www.econbiz.de/10013030486