Showing 1 - 10 of 478
Using individual-level data for 30 European countries between 1983 and 2019, we document the extent and earning consequences of workers' reallocation across occupations and industries and how these outcomes vary with individual-level characteristics, namely (i) education, (ii) gender, and (iii)...
Persistent link: https://www.econbiz.de/10015060320
This paper examines the distributional effects of fiscal consolidation. Using episodes of fiscal consolidation for a sample of 17 OECD countries over the period 1978-2009, we find that fiscal consolidation has typically had significant distributional effects by raising inequality, decreasing...
Persistent link: https://www.econbiz.de/10014409434
This paper studies the impact of green fiscal rules – designed to protect climate-related spending –on debt dynamics. Simulations of green rules that exempt green spending from the rule limits for an emergingmarket economy illustrate that they can lead to unsustainable debt dynamics when the...
Persistent link: https://www.econbiz.de/10015080300
House prices in Europe have shown diverging trends, and this paper seeks to explain these differences by analyzing …
Persistent link: https://www.econbiz.de/10014409059
Europe faces a well-known productivity malaise, with a large and widening aggregate productivity gap relative to the U ….S. In this paper, we provide a novel diagnosis of the firm-level roots of Europe's productivity growth slowdown through an … analysis of data covering the universe of firms in Europe and the U.S over their life cycles. Compared to their U …
Persistent link: https://www.econbiz.de/10015328045
, cross-border volatility spillovers dominate the behavior in national electricity markets in Europe-and this effect has grown … generation and strengthen energy security in Europe …
Persistent link: https://www.econbiz.de/10015328189
This study finds that equity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk and to a lesser extent, by deteriorating funding conditions and investor sentiment....
Persistent link: https://www.econbiz.de/10012677547
House prices in Europe have shown diverging trends, and this paper seeks to explain these differences by analyzing …
Persistent link: https://www.econbiz.de/10012677654
identified late, solutions are much more costly. Until recently, Europe has seen only a small number of outright bank failures … of banking distress in Europe. We identify a set of indicators and thresholds that can help to distinguish sou …
Persistent link: https://www.econbiz.de/10012677700
The EU is deliberating the introduction of an explicit ""European mandate"" for financial sector supervisors to supplement national mandates. Suggestions are made on (i) the formulation of a European mandate; (ii) the policy areas to which it should apply; (iii) which institutions should be given...
Persistent link: https://www.econbiz.de/10012677706