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Demand-Driven Growth

this post authored by Marek Ignaszak and Petr Sedlacek
To gauge the efficacy of policies aimed at spurring growth, we must first fully understand the sources of aggregate growth. This column argues that understanding the drivers of economic growth requires paying attention not only to productivity and R&D dynamics at the firm level, but also to changes in demand for firms’ products. The authors provide a new perspective on commonly used supply-side pro-growth policies and open the door to analysing demand-side policies such as public procurement or product market regulation, which have been present in the policy debate but have largely escaped academic circles. ....

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The aftermath of sovereign debt crises | VOX, CEPR Policy Portal

Rui Esteves, Seán Kenny, Jason Lennard 20 July 2021
There is little consensus on the macroeconomic impacts of sovereign debt crises, despite the regularity of such events. This column quantifies the aggregate costs of defaults using a narrative approach on a large panel of 50 sovereigns between 1870 and 2010. It estimates significant and persistent negative effects of debt crises starting at 1.6% of GDP and peaking at 3.3%, before reverting to trend five years later. In addition, underlying causes matter. Defaults driven by aggregate demand shocks result in short-term contractions, whereas aggregate supply shocks lead to larger, more persistent losses.
Nicola Gennaioli, Alberto Martin, Stefano Rossi ....

United States , United Kingdom , Thomas Griesa , Journal Of The European Economic Association , Princeton University , Empirical Research On Sovereign Debt , Journal Of International Money , Journal Of International Economics , Princeton University Press , Journal Of Development Economics , Financial Times , Canada Technical Report , Sovereign Defaults Hurt , Open Economies Review , Po Gourinchas , Ct Hsieh , Comprehensive Debt Standstill , Monetary Policy Matters , New United Kingdom Narrative , Fiscal Policy , Economic Growth , New Evidence , Great Depression , Interest Rates , Political Uncertainty , International Economics ,

Paul Hubert

Paul Hubert
banque-france.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from banque-france.fr Daily Mail and Mail on Sunday newspapers.

Xavier Ragot , Liza Archanska , Guilhem Tabarly , Becky Maule , Francesco Saraceno , Bruno Ducoudr , Harun Mirza , Camille Cornand , Mathilde Viennot , Research In Economics , Nature Of Oil Shocks , Monetary Policy , Quantitative Central Bank Communication , Do Central Bank Forecasts Influence Private Agents , Central Bank Tone , Central Bank Announcements , International Journal Of Central Banking , Signaling Effects , Central Bank , European Economic Review , Macro Signals , International Journal , Central Banking , External Validity , Experimental Inflation , Economic Dynamics ,

Carbon pricing and relocation: Evidence from Dutch industry

Patrick Bolton, Marcin Kacperczyk
Pricing carbon is a cost-effective instrument to achieve emission reduction targets. The introduction of a substantial tax on industrial carbon emissions could be an important part of future climate policy. Tax rate proposals of €100 or €200 per tonne of CO
2e in 2030 on top of the carbon price in the EU Emissions Trading System (EU ETS) are not uncommon. However, implementing a national carbon tax has proven to be politically difficult (Stiglitz 2019, Dolphin et al. 2020). A key concern is that such a tax may hurt domestic industrial activity. Another concern is carbon leakage – i.e. the emission reduction achieved domestically could (partly) be offset by an increase in carbon emissions in foreign countries with more favorable tax regimes. ....

European Union , Trading System , European Green Deal , Ecological Economics , Environmental Economics , Oxford Economic Papers , European Economic Review , Economic Surveys , ஐரோப்பிய தொழிற்சங்கம் , வர்த்தக அமைப்பு , ஐரோப்பிய பச்சை ஒப்பந்தம் , சுற்றுச்சூழல் பொருளாதாரம் , ஆக்ஸ்ஃபர்ட் பொருளாதார ஆவணங்கள் , ஐரோப்பிய பொருளாதார விமர்சனம் , பொருளாதார ஆய்வுகள் ,

How racial wage discrimination of football players ended in England

How racial wage discrimination of football players ended in England
eurekalert.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eurekalert.org Daily Mail and Mail on Sunday newspapers.

France General , Jean Marc Bosman , Pierre Deschamps , English Premier League , European Community Treaty , Stockholm University , Swedish Institute For Social Research , European Economic , European Community , Economics Pierre Deschamps , English Premier , Swedish Institute , Social Research , European Economic Review , ஜீன் மார்க் போஸ்மேன் , பியர் சேசம்ப்ஸ் , ஆங்கிலம் ப்ரிமியர் லீக் , ஐரோப்பிய சமூக ஒப்பந்தம் , ஸ்டாக்‌ஹோல்ம் பல்கலைக்கழகம் , ஸ்விட்ச் நிறுவனம் க்கு சமூக ஆராய்ச்சி , ஐரோப்பிய பொருளாதார , ஐரோப்பிய சமூக , ஆங்கிலம் ப்ரிமியர் , ஸ்விட்ச் நிறுவனம் , சமூக ஆராய்ச்சி , ஐரோப்பிய பொருளாதார விமர்சனம் ,