NBER WORKING PAPER SERIES DOES STOCK MARKET PERFORMANCE INFLUENCE RETIREMENT INTENTIONS?
... control for local labor and housing market conditions in a more precise way than previous studies. We can match respondents with county-level unemployment rates and MSA-level house price indices. 1 This is important because the weak labor market brought on by the recession may increase the amount of ...
... control for local labor and housing market conditions in a more precise way than previous studies. We can match respondents with county-level unemployment rates and MSA-level house price indices. 1 This is important because the weak labor market brought on by the recession may increase the amount of ...
Working Paper no 15/2005 Title: A bottom
... For excise duties (which are defined in DKK-amounts and are not automatically indexed to prices), the fiscal easing and reduction in revenues (fiscal drag), which is implied by unchanged rates when prices rise, is considered discretionary policy. The neutral path for each type of excise duty is thus ...
... For excise duties (which are defined in DKK-amounts and are not automatically indexed to prices), the fiscal easing and reduction in revenues (fiscal drag), which is implied by unchanged rates when prices rise, is considered discretionary policy. The neutral path for each type of excise duty is thus ...
NBER WORKING PAPER SERIES GAME OVER: SIMULATING UNSUSTAINABLE FISCAL POLICY
... Fiscal sustainability is one of the most pressing policy issues of our time. Yet it remains difficult to quantify. Official debt is plagued with a number of measurement difficulties since its measurement reflects the choice of words, not policies. And forming the fiscal gap–the imbalance in the gove ...
... Fiscal sustainability is one of the most pressing policy issues of our time. Yet it remains difficult to quantify. Official debt is plagued with a number of measurement difficulties since its measurement reflects the choice of words, not policies. And forming the fiscal gap–the imbalance in the gove ...
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... Governing Council might have reached its decisions, we test which decision rule aggregates the counterfactual national interest rate paths we derived best to the EONIA path. First, we consider a political economy scenario as in Hayo and Méon (2011) and Riboni and Ruge-Murcia (2010) where the governo ...
... Governing Council might have reached its decisions, we test which decision rule aggregates the counterfactual national interest rate paths we derived best to the EONIA path. First, we consider a political economy scenario as in Hayo and Méon (2011) and Riboni and Ruge-Murcia (2010) where the governo ...
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... Which of the following statements concerning the measurability of interest rates is true? (a) Information on nominal interest rates is available to the Fed with a two-week lag. (b) The relevant interest rates are instantaneously measurable by the Fed. (c) The Fed is more interested in measuring the ...
... Which of the following statements concerning the measurability of interest rates is true? (a) Information on nominal interest rates is available to the Fed with a two-week lag. (b) The relevant interest rates are instantaneously measurable by the Fed. (c) The Fed is more interested in measuring the ...
http://ec.europa.eu/europe2020/pdf/csr2014/swd2014_slovakia_en.pdf
... The Slovak economy, which saw one of the speediest recoveries from the financial crisis, faces the challenge of strengthening its domestic production base and diversifying its sources of growth, whilst consolidating progress made so far in terms of structural reforms and public finances. After a slo ...
... The Slovak economy, which saw one of the speediest recoveries from the financial crisis, faces the challenge of strengthening its domestic production base and diversifying its sources of growth, whilst consolidating progress made so far in terms of structural reforms and public finances. After a slo ...
This PDF is a selection from a published volume from... of Economic Research
... hand and per capita income growth as well as human capital accumulation on the other. Thus, this chapter is a fact finding exercise broadly guided by a class of theories, rather than a formal test of existing theories, motivated by the casual observation that Korea and other high- performing countri ...
... hand and per capita income growth as well as human capital accumulation on the other. Thus, this chapter is a fact finding exercise broadly guided by a class of theories, rather than a formal test of existing theories, motivated by the casual observation that Korea and other high- performing countri ...
Covered Bonds in the European Union Reflections on the
... Fixed rate callable mortgage covered bonds Realkredit Danmark’s fixed rate callable mortgage covered bonds will normally reach a volume that fulfills the minimum requirements of the LCR. In bonds open for issuance the activity has been high which is counteracted by the frequent changes in interest ...
... Fixed rate callable mortgage covered bonds Realkredit Danmark’s fixed rate callable mortgage covered bonds will normally reach a volume that fulfills the minimum requirements of the LCR. In bonds open for issuance the activity has been high which is counteracted by the frequent changes in interest ...
The Equity Premium: Consistent with GDP Growth and
... Corresponding author: Christophe Faugère, Department of Finance, School of Business, University at Albany SUNY, Albany, NY 12222. Phone: 518-442-4973. Email: [email protected]. We thank Ken Beauchemin, Hany Shawky, and David Smith for helpful comments. We also thank an anonymous referee for very ...
... Corresponding author: Christophe Faugère, Department of Finance, School of Business, University at Albany SUNY, Albany, NY 12222. Phone: 518-442-4973. Email: [email protected]. We thank Ken Beauchemin, Hany Shawky, and David Smith for helpful comments. We also thank an anonymous referee for very ...
Annual Report
... result, pension funds are having to increase benefits and the funding ratios are falling. The ratio between the number of actives and pensioners is changing. Economic: there are signs of recovery within the Eurozone. The Netherlands Bureau for Economic Policy Analysis (CPB) is forecasting growth of ...
... result, pension funds are having to increase benefits and the funding ratios are falling. The ratio between the number of actives and pensioners is changing. Economic: there are signs of recovery within the Eurozone. The Netherlands Bureau for Economic Policy Analysis (CPB) is forecasting growth of ...
a study of business investment in the us post-crisis.
... equipment, the shift towards the latter may reflect an increasing proportion of business investment actually spent on replacing obsolete capitals rather than on the effective net investment. Since a significant share of the US gross private domestic investment is accounted for by non-residential inv ...
... equipment, the shift towards the latter may reflect an increasing proportion of business investment actually spent on replacing obsolete capitals rather than on the effective net investment. Since a significant share of the US gross private domestic investment is accounted for by non-residential inv ...
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... GDP in India Budgetary Allocations for Education by Centre/States and its Percentage of Gross Domestic Product (GDP) in India (1991-1992 to 2005-2006) ...
... GDP in India Budgetary Allocations for Education by Centre/States and its Percentage of Gross Domestic Product (GDP) in India (1991-1992 to 2005-2006) ...
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... b. Since taxpayers generally have lower incomes than debt holders, income is redistributed from lower-income to higher-income individuals. 2. The portion of the debt held by foreigners represents their potential claim against goods and services produced in the United States. a. If foreigners use the ...
... b. Since taxpayers generally have lower incomes than debt holders, income is redistributed from lower-income to higher-income individuals. 2. The portion of the debt held by foreigners represents their potential claim against goods and services produced in the United States. a. If foreigners use the ...
New Keynesian versus Old Keynesian Government Spending
... quarter of 2009, people expect the government spending increase to continue permanently (as in the Romer-Bernstein policy specification), and that the spending increase is initially debtfinanced. The Smets-Wouters model assumes that any increase in debt used to finance the increased government spend ...
... quarter of 2009, people expect the government spending increase to continue permanently (as in the Romer-Bernstein policy specification), and that the spending increase is initially debtfinanced. The Smets-Wouters model assumes that any increase in debt used to finance the increased government spend ...
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... the three Nordics over the whole period. Until the crisis Sweden, Finland and the UK grew almost identically and much faster than the other countries; GDP was up by around 30 % in 8 years for these three countries while the Netherlands and Germany achieved only half or two thirds of that growth. The ...
... the three Nordics over the whole period. Until the crisis Sweden, Finland and the UK grew almost identically and much faster than the other countries; GDP was up by around 30 % in 8 years for these three countries while the Netherlands and Germany achieved only half or two thirds of that growth. The ...
Name ______ last 4 PSU ID
... flexible in the long-run. APPP may not hold in the short run but does hold in the ...
... flexible in the long-run. APPP may not hold in the short run but does hold in the ...
Tax Structure and Economic Growth Young Lee and Roger H. Gordon
... corporate tax rate relative to personal tax rates encourages risk-taking. Cullen and Gordon (2002) explore the many potential effects of the tax system on entrepreneurial activity, and find strong empirical support for these tax effects using U.S. individual income tax return data during 1964-93. If ...
... corporate tax rate relative to personal tax rates encourages risk-taking. Cullen and Gordon (2002) explore the many potential effects of the tax system on entrepreneurial activity, and find strong empirical support for these tax effects using U.S. individual income tax return data during 1964-93. If ...
Campaign 2016: Eight Big Issues the Presidential Candidates
... Act (ACA), slowing the growth of health care spending, and reforming Medicare in a way that preserves its trust fund for the future. Regarding the ACA, Rivlin and Reischauer recommend that the Republican candidates, all of whom say they would repeal Obamacare, provide details of the health plan the ...
... Act (ACA), slowing the growth of health care spending, and reforming Medicare in a way that preserves its trust fund for the future. Regarding the ACA, Rivlin and Reischauer recommend that the Republican candidates, all of whom say they would repeal Obamacare, provide details of the health plan the ...
Understanding Bilateral Exchange Rate Volatility
... international capital markets and can freely borrow by issuing assets denominated in their own currencies, it is unlikely that international balance sheet considerations have a large impact on their choice of exchange rate regime. But for developing economies that are subject to various borrowing co ...
... international capital markets and can freely borrow by issuing assets denominated in their own currencies, it is unlikely that international balance sheet considerations have a large impact on their choice of exchange rate regime. But for developing economies that are subject to various borrowing co ...
economic crises and women’s work Exploring progressive strategies in a rapidly
... Women migrant workers have been growing in quantitative importance throughout the past half-century, both within and across borders and for both short- and long-term periods. Crises have less of a direct impact on female migrant workers than men because of the gendered nature of migration, especiall ...
... Women migrant workers have been growing in quantitative importance throughout the past half-century, both within and across borders and for both short- and long-term periods. Crises have less of a direct impact on female migrant workers than men because of the gendered nature of migration, especiall ...
POLICY INSIGHT No.78 - Centre for Economic Policy Research
... of the relative demand for uneducated workers – the outcome of technological developments, increased openness of the economy to imports, and the process of globalisation. A particularly steep decline was evident in the 1970s, perhaps due to replacement by Palestinian workers. The sharp drop in Arab ...
... of the relative demand for uneducated workers – the outcome of technological developments, increased openness of the economy to imports, and the process of globalisation. A particularly steep decline was evident in the 1970s, perhaps due to replacement by Palestinian workers. The sharp drop in Arab ...
Testimony before the Joint Economic Committee Long
... of time a candidate had been unemployed was even more important than whether a candidate had experience in the industry he was applying for; candidates who had only recently lost their jobs but who had no industry experience were more likely to be called back than candidates with relevant experience ...
... of time a candidate had been unemployed was even more important than whether a candidate had experience in the industry he was applying for; candidates who had only recently lost their jobs but who had no industry experience were more likely to be called back than candidates with relevant experience ...
budget 2015 economic and fiscal outlook
... durable goods has been healthy, continued weakness in consumption of services is in evidence. Private consumption is set to pick up to 2.7 per cent next year on the back of continued employment growth and a more relaxed fiscal stance feeding through to household incomes. Government consumption growt ...
... durable goods has been healthy, continued weakness in consumption of services is in evidence. Private consumption is set to pick up to 2.7 per cent next year on the back of continued employment growth and a more relaxed fiscal stance feeding through to household incomes. Government consumption growt ...
How Do Monetary and Fiscal Policy Shocks Explain US
... signi…cantly and persistently increase in response to a positive government spending shock. Edelberg et al. (1999) and Mountford and Uhlig (2009) provide evidence that the response of private consumption is close to zero and statistically insigni…cant over the entire impulse response horizon. Ramey ...
... signi…cantly and persistently increase in response to a positive government spending shock. Edelberg et al. (1999) and Mountford and Uhlig (2009) provide evidence that the response of private consumption is close to zero and statistically insigni…cant over the entire impulse response horizon. Ramey ...