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Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook x Labour and Demographic Economics x clear all

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Does Europe need neoliberal reforms?

M Panić.

in Cambridge Journal of Economics

January 2007; p ublished online December 2006 .

Journal Article. Subjects: International Economics; Microeconomics; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Labour and Demographic Economics; History of Economic Thought; Capitalist Systems; Industrial Organization. 12534 words.

This paper examines the neoliberal claim that the only way to achieve sustainable growth and full employment is to abandon Keynesian macroeconomic management and the welfare state and bring...

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Employment and growth in Europe and the US—the role of fiscal policy composition

Tine Dhont and Freddy Heylen.

in Oxford Economic Papers

July 2009; p ublished online October 2008 .

Journal Article. Subjects: Demand and Supply of Labour; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Economic Growth and Aggregate Productivity. 9853 words.

We construct a simple endogenous growth model to analyse the relationship between the composition of fiscal policy, economic growth and employment. The government sets different tax rates...

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Evaluating Long-Term-Care Policy Options, Taking the Family Seriously

Daniel Barczyk and Matthias Kredler.

in The Review of Economic Studies

April 2018; p ublished online June 2017 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Demographic Economics; Welfare Economics; Game Theory and Bargaining Theory. 25832 words.

Abstract

We propose a dynamic non-cooperative framework for long-term-care (LTC) decisions of families and use it to evaluate LTC policy options for the U.S....

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Fiscal Policy in an Unemployment Crisis

Pontus Rendahl.

in The Review of Economic Studies

July 2016; p ublished online February 2016 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Prices, Business Fluctuations, and Cycles; Mobility, Unemployment, and Vacancies; Fiscal Policies and Behaviour of Economic Agents. 15535 words.

This article shows that equilibrium unemployment dynamics can significantly increase the efficacy of fiscal policy. In response to a shock that brings the economy into a liquidity trap, an...

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Neo-liberalism and New Labour policy: economic performance, historical comparisons and future prospects

Frank Wilkinson.

in Cambridge Journal of Economics

November 2007; p ublished online October 2007 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; General Aggregative Models; Prices, Business Fluctuations, and Cycles; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Mobility, Unemployment, and Vacancies. 11664 words.

The paper analyses19760/70s inflation, the replacement of Keynesian with neo-liberal economic policy, and the post-1979 decline in inflation. It is shown that the fall in inflation is...

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Optimal Taxation with Rent-Seeking

Casey Rothschild and Florian Scheuer.

in The Review of Economic Studies

July 2016; p ublished online March 2016 .

Journal Article. Subjects: Microeconomics; General Equilibrium and Disequilibrium; Welfare Economics; Information, Knowledge, and Uncertainy; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Taxation, Subsidies, and Revenue; Demand and Supply of Labour; Wages, Compensation, and Labour Costs. 17279 words.

We develop a framework for optimal taxation when agents can earn their income both in traditional activities, where private and social products coincide, and in rent-seeking activities,...

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Structural change under New Labour

Ken Coutts, Andrew Glyn and Bob Rowthorn.

in Cambridge Journal of Economics

November 2007; p ublished online September 2007 .

Journal Article. Subjects: Urban, Rural, and Regional Economics; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Mobility, Unemployment, and Vacancies; International Finance. 7012 words.

The paper examines specific features of structural change in the UK since 1997, contrasting the decline in industrial jobs with the rise in a variety of service jobs. It examines the...

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The Swedish third way: an assessment of the performance and validity of the Rehn–Meidner model

Lennart Erixon.

in Cambridge Journal of Economics

May 2008; p ublished online December 2007 .

Journal Article. Subjects: Wages, Compensation, and Labour Costs; Prices, Business Fluctuations, and Cycles; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Economic Development. 13229 words.

This paper analyses the functioning of the Rehn–Meidner model in Sweden and the validity of the model's underlying theory. Both sceptics and friends of ‘the Swedish model’ have exaggerated...

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Taxation and Household Labour Supply

Nezih Guner, Remzi Kaygusuz and Gustavo Ventura.

in The Review of Economic Studies

July 2012; p ublished online December 2011 .

Journal Article. Subjects: Demand and Supply of Labour; Demographic Economics; Fiscal Policies and Behaviour of Economic Agents; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook. 18130 words.

We evaluate reforms to the U.S. tax system in a life cycle set-up with heterogeneous married and single households and with an operative extensive margin in labour supply. We restrict our...

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Taxation and Labour Supply of Married Couples across Countries: A Macroeconomic Analysis

Alexander Bick and Nicola Fuchs-Schündeln.

in The Review of Economic Studies

July 2018; p ublished online October 2017 .

Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Taxation, Subsidies, and Revenue; Fiscal Policies and Behaviour of Economic Agents; Demographic Economics; Demand and Supply of Labour. 19064 words.

Abstract

We document contemporaneous differences in the aggregate labour supply of married couples across seventeen European countries and the U.S. Based on a...

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Towards a Micro-Founded Theory of Aggregate Labour Supply

Andrés Erosa, Luisa Fuster and Gueorgui Kambourov.

in The Review of Economic Studies

July 2016; p ublished online March 2016 .

Journal Article. Subjects: Intertemporal Choice and Growth; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; General Aggregative Models; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Demand and Supply of Labour. 19279 words.

We build a heterogeneous agents life cycle model that captures a large number of salient features of individual male labour supply over the life cycle, by education, both along the...

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The UK’s Coalition government and heterodox economics

Michael Ellman.

in Cambridge Journal of Economics

September 2015; p ublished online August 2015 .

Journal Article. Subjects: Economic Methodology; Wages, Compensation, and Labour Costs; National Budget, Deficit, and Debt; General Aggregative Models; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Public Economics. 4683 words.

The UK Coalition government’s economic policy was primarily aimed at reducing the large fiscal deficit that it inherited, mainly by cutting expenditure. This was considered irrational by...

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Wages, economic development and the customary standard of life

Frank Wilkinson.

in Cambridge Journal of Economics

November 2012; p ublished online December 2012 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Prices, Business Fluctuations, and Cycles; Money and Interest Rates; Monetary Policy, Central Banking, and the Supply of Money and Credit; Labour-Management Relations, Trade Unions, and Collective Bargaining; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook. 18754 words.

This paper examines empirically the evolution of the customary standard of life and how this relates to real wages and economic development. Its starting point is Sraffa’s reintroduction of...

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