Since the onset of the sovereign debt crisis, the crisis-stricken countries in Europe have been pushed to take drastic steps to consolidate their finances and reduce their budget deficits. Despite strong public opposition and largely damaging short-run effects, the countries have undertaken many...

Nuestro punto de partida es que la economía española cuenta con un sistema impositivo muy ineficiente que no es capaz de recaudar suficientes recursos para financiar nuestro Estado de Bienestar. En concreto, estimamos que el déficit estructural está en torno al 3%. El objetivo de este...

We provide evidence on a gender bias in risk aversion among students of economics in Spain. In a sample of 1947 multiple choice exams with penalization for errors, we find that women consistently answer less questions, while differences in marks are not significant. These empirical results are...

The Reality of Budgetary Reform in OECD Nations investigates the impacts and consequences of budgetary reform through a comparative assessment of advanced Organisation for Economic Co-operation and Development (OECD) democracies that have undertaken budget reforms over the past two to three decades.

In the last decades, though in absence of formal reforms, some events have changed the role of the Italian Parliament in the budget decision, introducing the executive supremacy in the budget decision. The new balance of power between executive and legislative suggests to reshape the...

During his September 2002 visit to OECD Headquarters in Paris, Mr. Guilherme DIAS, the Minister of Planning, Budget and Management, requested the OECD to carry out a review of the Brazilian budgeting system in a similar fashion as it does for its member countries. The OECD responded positively...

Au cours de sa visite au siège de l’OCDE à Paris en septembre 2002, M. Guilherme DIAS, ministre du Plan, du Budget et de la Gestion a demandé à l’OCDE de réaliser, pour le système budgétaire brésilien, une étude semblable à celles qui sont réalisées pour ses pays membres....

This article analyzes the adoption of a new process technology in the global semiconductor manufacturing industry. The paper extends research on the relationship between learning-by-doing and technology adoption by examining the stability of learning effects across technological generations....

This note argues that the solutions to the euro-area crisis proposed by the EU governing institutions in cooperation with the IMF, based on further austerity and wage cuts, will worsen the crisis. They are unlikely to reduce both sovereign and external debt ratios of countries experiencing these...