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Entry and Exit Dynamics of 'Excessive Deficits' in the European Union

Bayar, Ali - 1999

The extent of government deficits and debt has been one of the most debated issues in recent years. However, very little has been contributed about their dynamics . Yet, the issue of entering into and exiting from excessive deficits will be critical in the European monetary union since the...

Persistent link: https://www.econbiz.de/10010314884

Why forcing people to save for retirement may backfire

Buetler, Monika; Huguenin, Olivia; Teppa, Federica - 2005

If individuals are unable or unwilling to borrow, a higher than desired second pillar pension capital may induce people to retire earlier than they would have in the absence of such a scheme. Individuals thus leave the workforce as soon as the retirement income is deemed sufficient and the...

Persistent link: https://www.econbiz.de/10010261184

Government deficits in the European Union : an analysis of entry and exit dynamics

Bayar, Ali; Smeets, Bram - 2009

The extent of government deficits and debt has been one of the most debated issues in recent years. However, much less has been contributed about their dynamics. Yet, the issue of entering into and exiting from excessive deficits is critical in the Economic and Monetary Union since the Stability...

Persistent link: https://www.econbiz.de/10010266021

Are the Spanish Long-Term Unemployed Unemployable?

Bentolila, Samuel; García-Pérez, J. Ignacio; Jansen, … - 2017

Long-term unemployment reached unprecedented levels in Spain in the wake of the Great Recession and it still affects around 57% of the unemployed. We document the sources that contributed to the rise in long-term unemployment and analyze its persistence using state-of-the-art duration models. We...

Persistent link: https://www.econbiz.de/10011615893

Is the Slope of the Euro Area Phillips Curve Steeper than It Seems? Heterogeneity and Identification

Schuffels, Johannes; Kool, Clemens; Lieb, Lenard; van … - 2022

Heterogeneity in Phillips Curve slopes among members of a monetary union can lead to downward biases to estimates of … omitting controls for this heterogeneity, we show that reduced form estimates of the union-wide slope suffer from a substantial … bias towards zero. Empirically, we show that controlling for slope heterogeneity in Euro Area data increases reduced form …

Persistent link: https://www.econbiz.de/10013470361

Political Competitiveness, Regression Discontinuity and the Incumbency Effect

Archambault, Jerome; Winer, Stanley L. - 2023

In an RDD study of the incumbency effect, observations somewhat away from the threshold separating winners and losers in an election are necessarily employed. We consider how incorporating the vote volatility of elections into a preferred index of electoral competitiveness or closeness, in...

Persistent link: https://www.econbiz.de/10014290266

Externalities and the Erosion of Trust

Daniele, Gianmarco; Martinangeli, Andrea F.M.; … - 2023

heterogeneity has two important effects on trust. First, disappointment with the policy rule enacted by the government breeds …

Persistent link: https://www.econbiz.de/10014377449

Local Employment Multiplier: Evidence from Relocation of Public-Sector Entities in South Korea

Lee, Hwanoong; Ko, Changsu; Kim, Wookun - 2023

document the heterogeneity of the local employment multiplier and provide suggestive evidence that this het-erogeneity is …

Persistent link: https://www.econbiz.de/10014469797

Heterogeneous Firms in a Product Fragmentation World

Gao, Yue; Whalley, John - 2013

This paper analyses the ways in which product fragmentation (producing part of a product in one country, and a part elsewhere) can be used by multinational firms which have different productivity to serve the market abroad when product chains can be internationally and arbitrarily fragmented....

Persistent link: https://www.econbiz.de/10010312845

Decomposing China's Export Growth into Extensive Margin, Export Quality and Quantity Effects

Gao, Yue; Whalley, John; Ren, Yonglei - 2013

This paper decomposes the growth of China's export into three parts: growth in the extensive margin, increased quantity and increased prices; we perform a series of empirical analyses using China's export data at HS-6 digit to analyze the characteristics of China's export growth. From 1995 to...

Persistent link: https://www.econbiz.de/10010312851