In this paper we explore the effects of alternative combinations of fiscal and monetary policies under different income distribution regimes. In particular, we aim at evaluating fiscal rules in economies subject to banking crises and deep recessions. We do so using an agent-based model populated...

This article delves into the relationship between newspaper readership and civic attitudes, and its effect on economic development. To this end, we investigate the long-term consequences of the introduction of the printing press in the 19th century. In sub-Saharan Africa, Protestant missionaries...

The 10th EUROFRAME1 Conference on economic policy issues in the European Union was held in Warsaw on 24 May 2013. The Conference topic was: “Towards a better governance in the EU?”. Twelve of the papers given at the Conference are released in this issue of the Revue de l’OFCE/Debates and...

Dans son ouvrage, Le capital au XXIe siècle, Thomas Piketty souligne les risques d’une explosion des inégalités de patrimoine, car le capital augmenterait plus vite que le revenu dans plusieurs pays, dont la France. Nous reviendrions ainsi au niveau des inégalités du début du XXe...

Les chiffres publiés par la Dares le 27 janvier 2014 confirment que 2013 ne s’est pas terminée avec l’inversion espérée de la courbe de chômage. Au contraire, les indicateurs étudiés ne s’améliorent pas. Le chômage est toujours en hausse et il affecte tous les groupes d’âge et...

This paper presents simple approaches to deal with sample selection in models with multiplicative errors. GMM estimators are constructed for both cross-section data and for panel data. These estimators build only on a specification of the conditional mean of the outcome of interest and are,...

This paper investigates the consequences of replacing the assumption of Pareto heterogeneity with log-normal heterogeneity. This case is interesting because it (a) maintains some desirable analytic features of Pareto, (b) ts the complete distribution of rm sales rather than just approximating...

Employment protection (EPL) has a well known negative impact on labor flows as well as an ambiguous but often negative effect on employment. In contrast, its impact on capital accumulation and capital-labor ratio is less well understood. The available empirical evidence suggests a non-monotonic...

We provide a first comprehensive account of the dynamics of Eurozone countries from the creation of the Euro to the Great recession. We model each country as an open economy within a monetary union and analyze the dynamics of private leverage, fiscal policy and spreads. Our parsimonious model...

Performance-based financing becomes a common strategy to improve health sector quality. The findings of this paper imply that performance-based financing should take motivational effects and levels of provider capacity into account. Using a field experiment in the Democratic Republic of Congo,...