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The (Subjective) Well-Being Cost of Fiscal Policy Shocks

Eklou, Kodjovi - 2020

Do discretionary spending cuts and tax increases hurt social well-being? To answer this question, we combine subjective well-being data covering over half a million of individuals across 13 European countries, with macroeconomic data on fiscal consolidations. We find that fiscal consolidations...

Persistent link: https://www.econbiz.de/10012840601

Gross National Happiness and Macroeconomic Indicators in the Kingdom of Bhutan

Balasubramanian, Sriram - 2019

This paper examines the origins and use of the concept of Gross National Happiness (or subjective well-being) in the … national surveys of Gross National Happiness in Bhutan, the concept has been used to guide public policymaking for the country … undertake more frequent Gross National Happiness surveys and evaluations, to better build evidence for comovement of well …

Persistent link: https://www.econbiz.de/10012892900

Are the French Happy with the 35-Hour Workweek?

Estevão, Marcello M. - 2008

Legally mandated reductions in the workweek can be either a constraint on individuals' choice or a tool to coordinate individuals' preferences for lower work hours. We confront these two hypotheses by studying the consequences of the workweek reduction in France from 39 to 35 hours, which was...

Persistent link: https://www.econbiz.de/10012773724

Multiple Dimensions of Human Development Index and Public Social Spending for Sustainable Development

Paliova, Iana - 2019

Multidimensional assessment of human development is increasingly recognized as playing an important role in assessing well-being. The focus of analysis is on the indicators measuring the three dimensions of Human Development Index (HDI) - standard of living, education and health, and their...

Persistent link: https://www.econbiz.de/10012859863

Estimating Macro-Fiscal Effects of Climate Shocks from Billions of Geospatial Weather Observations

Akyapi, Berkay; Bellon, Matthieu; Massetti, Emanuele - 2022

A growing literature estimates the macroeconomic effect of weather using variations in annual country-level averages of temperature and precipitation. However, averages may not reveal the effects of extreme events that occur at a higher time frequency or higher spatial resolution. To address...

Persistent link: https://www.econbiz.de/10014079013

Fiscal Multipliers During Pandemics

Kinda, Tidiane; Lengyel, Andras; Chahande, Kaustubh - 2022

Many countries have deployed substantial fiscal packages to cushion the economic fallout from the COVID-19 pandemic. A historical look at past pandemics and epidemics highlights concomitant public sector support in response to health crises. This paper assesses how fiscal multipliers could vary...

Persistent link: https://www.econbiz.de/10014079424

The Effects of Economic Shocks on Heterogeneous Inflation Expectations

Chang, Yoosoon; Gómez-Rodríguez, Fabio; Hong, Gee Hee - 2022

In this paper, we examine how economic shocks affect the distribution of household inflation expectations. We show that the dynamics of households' expected inflation distributions are driven by three distinctive functional shocks, which influence the expected inflation distribution through...

Persistent link: https://www.econbiz.de/10014079902

Macroeconomic Effects of Dividend Taxation with Investment Credit Limits

Ghilardi, Matteo; Zilberman, Roy - 2022

We analyze the effects of dividend taxation in a general equilibrium business cycle model with an occasionally-binding investment credit limit. Permanent dividend tax reforms distort capital investment decisions in the binding long-run equilibrium, but are neutral otherwise. Temporary unexpected...

Persistent link: https://www.econbiz.de/10014079906

Fiscal Multipliers during Pandemics

Kinda, Tidiane; Lengyel, Andras; Chahande, Kaustubh - 2022

Persistent link: https://www.econbiz.de/10014079978

Income Convergence or Divergence in the Aftermath of the COVID-19 Shock?

Brussevich, Mariya; Liu, Shihui; Papageorgiou, Chris - 2022

The paper extends the work of Deaton (2021) by exploring the period of post-crisis recovery in 2021-2024. The paper documents per-capita income divergence during the period of post-shock recovery, with countries at the bottom of the income distribution falling significantly behind. Findings...

Persistent link: https://www.econbiz.de/10014081239