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Persistent link: https://www.econbiz.de/10011506447
Using the Reserve Bank of Australia's MARTIN model we compare actual monetary policy decisions to a counterfactual in …
Persistent link: https://www.econbiz.de/10013380620
The macroeconomic effects on growth, investment and private sector employment of different ways of rolling back the welfare state are analysed. Cutting public spending on private goods induces a lower interest rate, a higher wage, a lower capital stock and a fall in employment. Cutting public...
Persistent link: https://www.econbiz.de/10011506465
This paper studies collective contests with endogenous cost sharing, general effort costs and intra-group heterogeneity of prize-valuation. Our objective is to clarify the relationship between cost sharing, intra-group heterogeneity within the competing groups and the elasticity of the marginal...
Persistent link: https://www.econbiz.de/10010361496
to unemployment dynamics in Australia is found to be much milder and substantially lower than that of monetary policy …We develop uncertainty indices for the United States and Australia based on freely accessible, real time Google Trends … significant contribution to unemployment dynamics by GTU shocks in the United States. Differently, the contribution of GTU shocks …
Persistent link: https://www.econbiz.de/10011735982
This paper develops a sufficient statistics approach for estimating the role of search frictions in wage dispersion and lifecycle wage growth. We show how the wage dynamics of displaced workers are directly informative of both for a large class of search models. Specifically, the correlation...
Persistent link: https://www.econbiz.de/10012319318
Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...
Persistent link: https://www.econbiz.de/10003850175
Persistent link: https://www.econbiz.de/10003630516
We study state dependence in welfare receipt and investigate whether welfare transitions changed after a welfare reform. Using data from the German Socio-Economic Panel, we apply dynamic multinomial logit estimators and find that state dependence in welfare receipt is not a central feature of...
Persistent link: https://www.econbiz.de/10010211461
(costs and benefits) using Thailand and Australia as case studies, from 1975 to 1999. Two health adjusted gross domestic …
Persistent link: https://www.econbiz.de/10011509333