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economy
(6543 results)-
White Papers
External Adjustment And The Global Crisis
August 9, 2011 12:00am PDT
The period preceding the global financial crisis was characterized by a substantial widening of current account imbalances across the world. Since the onset of the crisis, these imbalances have...
Provided by: Trinity College Dublin
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White Papers
Financing Innovation: An Historical Approach
August 5, 2011 12:00am PDT
The economic theory dedicates a large place to innovation. It is an inner essential part of market economy since its beginning. At the end of Middle-Age, in the north of Italy, in the North of the...
Provided by: De Boeck Université
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White Papers
Weathering The Financial Crisis: Good Policy Or Good Luck?
August 1, 2011 12:00am PDT
The macroeconomic performance of individual countries varied markedly during the 2007 - 09 global financial crisis. While China's growth never dipped below 6% and Australia's worst quarter was no...
Provided by: Bank for International Settlements
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White Papers
Learning From Developing Country Experience Growth And Economic Thought Before And After The 2008-09 Crisis
August 1, 2011 12:00am PDT
The aim of this paper is twofold. First, it documents the changing global landscape before and after the crisis, emphasizing the shift towards multipolarity. In particular, it emphasizes the...
Provided by: The World Bank
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White Papers
Economic Institutions And Stability: A Network Approach
August 1, 2011 12:00am PDT
The authors consider a network economy in which economic agents are connected within a structure of value-generating relationships. Agents are assumed to be able to participate in three types of...
Provided by: Tilburg University
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White Papers
Keynesian Fiscal Stimulus: What Have We Learned From The Great Recession?
August 1, 2011 12:00am PDT
What have we learned from the Great Recession about Keynesian fiscal stimulus? This paper contains five sections that develop the following five points: there is confusion about what constitutes...
Provided by: University of Delaware
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White Papers
A Model Of The Consumption Response To Fiscal Stimulus Payments
August 1, 2011 12:00am PDT
A wide body of empirical evidence, based on randomized experiments, finds that 20-40 percent of fiscal stimulus payments (e.g. tax rebates) are spent on nondurable household consumption in the...
Provided by: National Bureau of Economic Research
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White Papers
Rare Macroeconomic Disasters
August 1, 2011 12:00am PDT
The potential for rare macroeconomic disasters may explain an array of asset-pricing puzzles. The authors' empirical studies of these extreme events rely on long-term data now covering 28...
Provided by: National Bureau of Economic Research
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White Papers
How Reliable Are De Facto Exchange Rate Regime Classifications?
August 1, 2011 12:00am PDT
The authors analyze disagreements over de facto exchange-rate-regime classifications using three popular de facto regime data series. While there is a moderate degree of concurrence across...
Provided by: National Bureau of Economic Research
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White Papers
The Impact Of Trade On Organization And Productivity
August 1, 2011 12:00am PDT
A firm's productivity depends on how production is organized given the level of demand for its product. To capture this mechanism, the authors develop a theory of an economy where firms with...
Provided by: National Bureau of Economic Research
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White Papers
Inefficient Provision Of Liquidity
August 1, 2011 12:00am PDT
The authors study an economy where the lack of a simultaneous double coincidence of wants creates the need for a relatively safe asset (money). They show that, even in the absence of asymmetric...
Provided by: National Bureau of Economic Research
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White Papers
A Gains From Trade Perspective On Macroeconomic Fluctuations
August 1, 2011 12:00am PDT
Business cycles reflect changes over time in the amount of trade between individuals. In this paper, the authors show that incorporating explicitly intra-temporal gains from trade between...
Provided by: National Bureau of Economic Research
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White Papers
The Extensive Margin, Sectoral Shares And International Business Cycles
August 1, 2011 12:00am PDT
This paper documents some previously neglected features of sectoral shares at business cycle frequencies in OECD economies. In particular, the authors find that the nontraded sector share of...
Provided by: National Bureau of Economic Research
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White Papers
Unemployment In Latin America And The Caribbean
August 1, 2011 12:00am PDT
This paper constructs a new data set on unemployment rates in Latin America and the Caribbean and then explores the determinants of unemployment. The authors compare different countries, finding...
Provided by: National Bureau of Economic Research
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White Papers
Country Heterogeneity And The International Evidence On The Effects Of Fiscal Policy
August 1, 2011 12:00am PDT
This paper shows how the richer frequency and variety of fiscal policy shocks available in an international sample can be analyzed recognizing the heterogeneity that exists across different...
Provided by: National Bureau of Economic Research
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White Papers
Elasticity Of Supply To The Firm And The Business Cycle
August 1, 2011 12:00am PDT
A body of recent empirical work has found strong evidence that the labor elasticity of supply to the firm is finite, implying that firms may have wage setting power. However, these studies capture...
Provided by: Institute for the Study of Labor
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White Papers
Underreporting Of Earnings And The Minimum Wage Spike
August 1, 2011 12:00am PDT
This paper documents a positive correlation within European labor markets between the proportion of full-time employees with earnings on the minimum wage and the extent of underreporting of...
Provided by: Institute for the Study of Labor
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White Papers
Economic Conditions At The Time Of Birth And Cognitive Abilities Late In Life: Evidence From Eleven European Countries
August 1, 2011 12:00am PDT
With ageing populations and a stronger reliance on individual financial decision-making concerning asset portfolios, retirement schemes, pensions and insurances, it becomes increasingly important...
Provided by: Institute for the Study of Labor
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White Papers
An Evaluation Of The Forecasting Performance Of Three Econometric Models For The Eurozone And The USA
August 1, 2011 12:00am PDT
This paper compares the forecasting performance of three different econometric models for the Eurozone and the USA: a Vector Auto Regression (VAR), a Bayesian Vector Auto Regression (BVAR), and a...
Provided by: Austrian Institute of Economic Research
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White Papers
Economic Integration And The Optimal Corporate Tax Structure With Heterogeneous Firms
August 1, 2011 12:00am PDT
The authors study the optimal combination of corporate tax rate and tax base in a model of a small open economy with heterogeneous firms. They show that it is optimal for the small country's...
Provided by: Trinity College Dublin
