Similar Search Results

Boldrin, Michele; Canova, Fabio - C.E.P.R. Discussion Papers - 2003

Taking both the enlargement process, as currently defined by the EU, and the structural funds as a given, this Paper examines what is the best way for candidate countries to fuel real convergence. The experience from earlier EU enlargements and current economic conditions within the CEEC10...

Persistent link: https://www.econbiz.de/10005789211

What are the Effects of Fiscal Policy Shocks?

Mountford, Andrew; Uhlig, Harald - C.E.P.R. Discussion Papers - 2002

We investigate the effects of fiscal policy surprises for US data, using vector autoregressions. We overcome the difficulties that changes in fiscal policy may manifest themselves in variables other than fiscal variables first and that fiscal variables may respond ‘automatically’ to business...

Persistent link: https://www.econbiz.de/10005124017

Estimating the Effects of Fiscal Policy in OECD Countries

Perotti, Roberto - C.E.P.R. Discussion Papers - 2005

This Paper studies the effects of fiscal policy on GDP, inflation and interest rates in five OECD countries, using a structural Vector Autoregression approach. Its main results can be summarized as follows: 1) The effects of fiscal policy on GDP tend to be small: government spending multipliers...

Persistent link: https://www.econbiz.de/10005124359

Targeted transfers and the fiscal response to the great recession

Oh, Hyunseung; Reis, Ricardo - C.E.P.R. Discussion Papers - 2011

Between 2007 and 2009, government expenditures increased rapidly across the OECD countries. While economic research on the impact of government purchases has flourished, in the data, about three quarters of the increase in expenditures in the United States (and more in other countries) was in...

Persistent link: https://www.econbiz.de/10008854458

Inequality and Aggregate Savings in the Neoclassical Growth Model

Foellmi, Reto - C.E.P.R. Discussion Papers - 2009

Within the context of the neoclassical growth model I investigate the implications of (initial) endowment inequality when the rich have a higher marginal savings rate than the poor. More unequal societies grow faster in the transition process, and therefore exhibit a higher speed of convergence....

Persistent link: https://www.econbiz.de/10008491724

One Third of the World's Growth and Inequality

Quah, Danny - C.E.P.R. Discussion Papers - 2002

This Paper studies growth and inequality in China and India – two economies that account for a third of the world … countries. For personal income inequalities in a China-India universe, the forces assuming first-order importance are …

Persistent link: https://www.econbiz.de/10005498030

The Clan and the City: Sustaining Cooperation in China and Europe

Greif, Avner; Tabellini, Guido - C.E.P.R. Discussion Papers - 2012

Over the last millennium, the clan and the city have been the locus of cooperation in China and Europe respectively …

Persistent link: https://www.econbiz.de/10011084470

Globalization and Inequality: Evidence from within China

Wei, Shang-Jin; Wu, Yi - C.E.P.R. Discussion Papers - 2001

, the urban-rural income inequality. This pattern in the data suggests that inferences based solely on China's national …

Persistent link: https://www.econbiz.de/10005124080

Market Integration and Economic Development: A Long-Run Comparison

Keller, Wolfgang; Shiue, Carol Hua - C.E.P.R. Discussion Papers - 2004

How much of China’s recent economic performance can be attributed to market-oriented reforms introduced in the last two … Paper compares the integration of rice markets in China today and 270 years ago. In the 18th century, transport technology … pattern of interregional income in China is strongly linked to persistent geographic factors that were already apparent …

Persistent link: https://www.econbiz.de/10005136759

The Institutional Foundations of China’s Reforms and Development

Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2010

China’s economic reforms have resulted in spectacular growth and poverty reduction. However, China’s institutions look … ill-suited to achieve such a result, and they indeed suffer from serious shortcomings. To solve "China puzzle" this paper … analyses China’s institution - a regionally decentralized authoritarian system. The central government has control over …

Persistent link: https://www.econbiz.de/10008468688