The Great Recession has increased concerns over the fairness of the distribution of wealth and income in many societies. Using data on eight advanced economies (Germany, Greece, Ireland, Italy, Slovakia, Spain, the United Kingdom, and United States) between 2007 and 2010, I show how the Great...

Assessing the magnitude of the output gap is critical to achieving an optimal policy mix. Unfortunately, the gap is an unobservable variable, which, in practice, has been estimated in a variety of ways, depending on the preferences of the modeler. This model selection problem leads to a...

After years of strong performance, Korea’s economy entered a crisis in 1997, owing largely to structural problems in its financial and corporate sectors. These problems emerged in the second half of that year, when the capital inflows that had helped finance Korea’s growth were reversed, as...

Mozambique’s inflation rate was consistently high until 1995, and then plunged in 1996 to 17 percent from 70 percent in 1994. This paper suggests that Mozambique’s inflation pattern is a combination of a “fundamental” trend set by economic policies, seasonal behavior that follows closely...

Im Zentrum der Diskussion über eine Integration von Geflüchteten steht vielfach die erfolgreiche Eingliederung in den Arbeitsmarkt. Eine Untersuchung auf Basis einer repräsentativen Befragung von Geflüchteten zeigt, dass der Einstieg in den Arbeitsmarkt von Geflüchteten, die seit 2010 nach...

Motivations to participate in the labour market as well as to invest in labour market skills are crucial for the successful integration of refugees. In this paper we use a unique dataset - the IAB-BAMF-SOEP Refugee Survey, which is a representative longitudinal study of all refugees reported on...

Motivations to participate in the labour market as well as to invest in labour market skills are crucial forthe successful integration of refugees. In this paper we use a unique dataset - the IAB-BAMF-SOEPRefugee Survey, which is a representative longitudinal study of all refugees reported on...