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Pensions and Fertility : Back to the Roots -- The Introduction of Bismarck's Pension Scheme and the European Fertility Decline

Fenge, Robert - 2014

Fertility has long been declining in industrialised countries and the existence of public pension systems is considered as one of the causes. This paper provides detailed evidence based on historical data on the mechanism by which a public pension system depresses fertility. Our theoretical...

Persistent link: https://www.econbiz.de/10013047746

Bank Efficiency and Regional Growth in Europe : New Evidence from Micro-Data

Belke, Ansgar Hubertus - 2017

This paper examines whether European regions which incorporate banks with a higher intermediation quality grow faster and are more resilient to negative shocks than its less efficient peers. For this purpose, we measure a bank's intermediation quality by estimating its profit and cost efficiency...

Persistent link: https://www.econbiz.de/10012963950

Enterprise Productivity : A Three-Speed Europe

Dall'Olio, Andrea - 2014

, with productivity in Southern Europe going into reverse. This paper analyzes which factors - whether country-level or firm …-specific ones - contributed more to the emergence of a three-speed Europe. The analysis combines firm-level data with country …

Persistent link: https://www.econbiz.de/10013043123

Pensions and Household Savings : Cross-Country Heterogeneity in Europe

d’Addio, Anna - 2020

We address the question of whether the heterogeneity in savings is partly due to differences in pension wealth across individuals and across countries, using a European harmonised wealth survey (HFCS) combined with estimates of pension wealth (OECD). First, we find significant displacement...

Persistent link: https://www.econbiz.de/10012842350

Lobbying in Europe : New Firm-Level Evidence

Dellis, Konstantinos - 2017

Lobbying can provide policy makers with important sector-specific information and thereby facilitating informed decisions. If going far beyond this, in particular if successfully influencing policy makers to unnecessarily tighten regulation or not opening already excessively regulated markets,...

Persistent link: https://www.econbiz.de/10012954407

Consumer Confidence as a Predictor of Consumption Spending : Evidence for the United States and the Euro Area

Dées, Stéphane - 2011

real economy resulted from an erosion of confidence. This paper proposes to assess empirically the link between consumer … sentiment and consumption expenditures for the United States and the euro area. It shows under which circumstances confidence …. Overall, the results show that the consumer confidence index can be in certain circumstances a good predictor of consumption …

Persistent link: https://www.econbiz.de/10013124648

Central Bank Communication and Trust : An Experimental Study on the European Central Bank and the General Public

Mochhoury, Sarah - 2023

While it has become clear that communication is a monetary policy tool for central banks, and extensive research has been conducted on central bank communication with financial markets, little is known so far on central bank communication with the general public. My research provides new...

Persistent link: https://www.econbiz.de/10014354162

Trust in the Central Bank and Inflation Expectation

Christelis, Dimitris - 2020

Using micro data from the 2015 Dutch CentERpanel, we examine whether trust in the European Central Bank (ECB) influences individuals' expectations and uncertainty about future inflation, and whether it anchors inflation expectations. We find that higher trust in the ECB lowers inflation...

Persistent link: https://www.econbiz.de/10012841204

Instinctive Versus Reflective Trust in the European Central Bank

Angino, Siria; Secola, Stefania - 2022

Political science research has established that trust in institutions, including central banks, is shaped by socio-economic and demographic factors, as well as by the assessment of institutional features and by slow-moving components such as culture. However, the role of cognitive processes has...

Persistent link: https://www.econbiz.de/10013290093

Revenue versus Spending-Based Consolidation Plans : The Role of Follow-Up

Beetsma, Roel; Furtuna, Oana; Giuliodori, Massimo - 2021

The literature on fiscal multipliers finds that spending-based fiscal consolidations tend to have more benign macro-economic consequences than revenue-based consolidations. By directly comparing expost data with consolidation plans, we present evidence of a systematically weaker follow-up of...

Persistent link: https://www.econbiz.de/10013315403