Showing 1 - 10 of 2,145
Bayesian updating is the dominant theory of learning. However, the theory is silent about how individuals react to …
Persistent link: https://www.econbiz.de/10013227484
For most decisions, we rely on information encountered over the course of days, months or years. We consume this information in various forms, including abstract summaries of multiple data points – statistics – and contextualized anecdotes about individual instances – stories. This paper...
Persistent link: https://www.econbiz.de/10014241314
What determines the development of rural financial markets? Starting from a simple theoretical framework, we derive the …
Persistent link: https://www.econbiz.de/10012857765
and current account deficits, which have in turn driven Greece's foreign indebtedness to alarming levels, necessitating …
Persistent link: https://www.econbiz.de/10010270514
This paper examines the long run education and labor market effects from early-life exposure to the Greek 1941-42 famine. Given the short duration of the famine, we can separately identify the famine effects for cohorts exposed in utero, during infancy and at one year of age. We find that...
Persistent link: https://www.econbiz.de/10010270545
The paper examines the effects of the age-differentiated decreases in the minimum wage which Greece implemented in 2012 …
Persistent link: https://www.econbiz.de/10012892303
This paper, using a microfounded macroeconomic model that embeds the key features of the Greek economy, studies the efficacy of the various policy measures taken, at national and EU level, to cushion the economic effects of the pandemic shock. The paper attempts to give quantitative answers to...
Persistent link: https://www.econbiz.de/10013323086
We asked economic experts polled by the CESifo World Economic Survey how to handle the fiscal crisis in Greece in the …-level characteristics, especially credit default swaps as a measure of fiscal stability, predict views on whether Greece should exit the …
Persistent link: https://www.econbiz.de/10012864937
turn looks for engines of sustained growth. We use a micro-founded macroeconomic model calibrated to Greece. Our … Greece had simply remained at its pre-crisis level. On the other hand, we show that, in the absence of the official fiscal …
Persistent link: https://www.econbiz.de/10012837680
- a 10 percent mandatory top-up in the Minimum Wage (MW) for married individuals - in Greece in November 2012. Using data …
Persistent link: https://www.econbiz.de/10013315248