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A Theory of Workers` Remittances with an Application to Morocco

Bouhga-Hagbe, Jacques - 2006

This paper provides a model on how altruism, quot;attachmentquot; to the home country, and portfolio diversification may act as potential motives behind workers` remittances. It shows that the level of workers` remittances depends on how great are their degrees of altruism and...

Persistent link: https://www.econbiz.de/10012783091

How Effective Were Job-Retention Schemes During the COVID-19 Pandemic? A Microsimulation Approach for European Countries

Lam, W. Raphael; Solovyeva, Alexandra - 2023

The COVID-19 pandemic had posed a dramatic impact on labor markets across Europe. Forceful fiscal responses have prevented an otherwise sharper contraction. Many countries introduced or expanded job-retention schemes to preserve jobs and support households. This paper uses a microsimulation...

Persistent link: https://www.econbiz.de/10014254891

Addressing the Pandemic's Medium-Term Fallout in Australia and New Zealand

Bannister, Geoffrey J.; Finger, Harald; Kido, Yosuke; … - 2021

While the world is focused on addressing the near-term ramifications of the COVID-19 shock, we turn attention to another important aspect of the pandemic: its fallout on medium-term potential output through scarring. Taking Australia and New Zealand as examples, we show that the pandemic will...

Persistent link: https://www.econbiz.de/10013250089

Social Spending in Korea : Can it Foster Sustainable and Inclusive Growth?

Elekdaǧ, Selim Ali - 2012

Going forward, Korea faces two closely related challenges: sustaining economic growth against the backdrop of a rapidly … promote more sustainable and inclusive growth in Korea. In particular, simulation results suggest that social spending which … supports labor market reforms can boost longer-term growth. However, despite rapid increases recently - albeit from a low base …

Persistent link: https://www.econbiz.de/10013098277

Economic Growth after Debt Surges

Jalles, João Tovar; Medas, Paulo A. - 2022

2020. The high indebteness raises concerns whether it will undermine future growth prospects. This paper contributes to the … ongoing debate by examining what happens to economic growth after debt surges. We apply a local projection method to a new … economic growth are complex. Debt surges tend to be followed by weaker economic growth and persistently lower output. However …

Persistent link: https://www.econbiz.de/10014079010

Investing to Mitigate and Adapt to Climate Change : A Framework Model

Bonen, Tony - 2017

the changing level of risk and vulnerabilities faced by developing countries as they allocate investment toward growth …

Persistent link: https://www.econbiz.de/10012967108

Policy Uncertainty in Japan

Arbatli, Elif C. - 2017

We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards building on the approach of Baker, Bloom and Davis (2016). Each index reflects the frequency of newspaper articles that contain certain terms pertaining to the economy, policy matters and uncertainty....

Persistent link: https://www.econbiz.de/10012950422

Evaluating Changes in the Transmission Mechanism of Government Spending Shocks

Rebei, Nooman - 2017

We empirically revisit the crowding-in effect of government spending on private consumption based on rolling windows of U.S. data. Results show that in earlier samples government spending is increasingly crowding in private consumption; however, this relation is reverted in the latest periods....

Persistent link: https://www.econbiz.de/10012956500

The Liquidation of Government Debt

Sbrancia, M. Belen - 2015

High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or below market real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for...

Persistent link: https://www.econbiz.de/10013027664

Demographics and Interest Rates in Asia

Arslanalp, Serkan - 2018

Demographic developments have been regarded as one important cause of the long-termmovement in global interest rates. This paper provides empirical evidence of therelationship between demographics and interest rates over a wide sample of advanced andemerging market economies. It also finds that...

Persistent link: https://www.econbiz.de/10012912493