Institution
Directorate-General for Economic and Financial Affairs
Government•Brussels, Belgium•
About: Directorate-General for Economic and Financial Affairs is a government organization based out in Brussels, Belgium. It is known for research contribution in the topics: Fiscal policy & European union. The organization has 80 authors who have published 145 publications receiving 4262 citations. The organization is also known as: ECFIN & GD ECFIN.
Papers published on a yearly basis
Papers
More filters
•
European Central Bank1, Federal Reserve System2, National Bureau of Economic Research3, Government of Canada4, University of Palermo5, Organisation for Economic Co-operation and Development6, International Monetary Fund7, Sveriges Riksbank8, Bank of Canada9, Queen's University10, Directorate-General for Economic and Financial Affairs11
TL;DR: The authors assesses the effectiveness of temporary fiscal stimulus using seven structural models used heavily by policymaking institutions, and conclude that temporary stimulus is most effective if it has some persistence and if monetary policy accommodates it.
Abstract: The paper assesses, using seven structural models used heavily by policymaking institutions, the effectiveness of temporary fiscal stimulus. Models can, more easily than empirical studies, account for differences between fiscal instruments, for differences between structural characteristics of the economy, and for monetary-fiscal policy interactions. Findings are: (i) There is substantial agreement across models on the sizes of fiscal multipliers. (ii) The sizes of spending and targeted transfers multipliers are large. (iii) Fiscal policy is most effective if it has some persistence and if monetary policy accommodates it. (iv) The perception of permanent fiscal stimulus leads to significantly lower initial multipliers.
512 citations
••
TL;DR: In this paper, the authors investigated why women's self-employment rates are consistently lower than those of men, and found that women's lower preference for becoming self-employed plays an important role in explaining their lower involvement in self employment.
304 citations
••
TL;DR: In this paper, the authors investigate the correlation between the hiring and firing regulations in Western Europe and Japan and their total absence in the United States and conclude that a fairly wide spread of moderate but specific policy reforms appears warranted with a view to helping improve the European employment situation.
241 citations
••
TL;DR: In this article, the authors point out that official forecasts of output dynamics are crucial to the assessment of cyclically adjusted budget balances, and provide evidence that in some euro-area countries biased forecasts have played a thus far neglected role in generating excessive deficits.
Abstract: ARE OFFICIAL OUTPUT FORECASTS BIASED?
We point out that official forecasts of output dynamics are crucial to the assessment of cyclically adjusted budget balances, and provide evidence that in some euro-area countries biased forecasts have played a thus far neglected role in generating excessive deficits. We suggest that the forecast bias may be politically motivated, and that forecasts produced by an independent authority would be better than in-house Ministry of Finance forecasts for the purpose of monitoring budget formation and budget outcomes.
— Lars Jonung and Martin Larch
174 citations
••
01 Jan 2002TL;DR: In this article, the authors provide some new empirical results on spatial patterns of specialisation following the integration of economies in Europe, and this holds in particular for the regional, sub-national level in Europe.
Abstract: Spatial issues have received renewed interest in economics following the development of the new economic geography. At the same time, there is a general concern that the process of European integration would lead to higher regional specialisation making regions more prone to adverse shocks and increasing adjustment costs in the case of a relocation of firms. In particular, the warning by Krugman (1993) to EMU participants to learn the “lessons of Massachusetts”, i.e. the need for a highly specialised region to have efficient adjustment mechanisms as a reaction to a shock to its leading sector when the nominal exchange rate is not available in a monetary union, has received major attention. He predicted that Europe, once it has completed a single market with a single currency, would soon have the same degree of regional specialisation as the US. While trade and specialisation is a basic theoretical concept in economics, which already Adam Smith identified as the main source of the wealth of nations, it is all the more surprising that the empirical evidence on spatial patterns of specialisation following the integration of economies is very scarce and inconclusive. Due to problems of data availability, this holds in particular for the regional, sub-national level in Europe. The objective of this paper is to provide some new empirical results on these issues.
149 citations
Authors
Showing all 111 results
Name | H-index | Papers | Citations |
---|---|---|---|
Johan F.M. Swinnen | 70 | 570 | 20039 |
Lars Jonung | 36 | 214 | 4215 |
Guntram B. Wolff | 34 | 224 | 4272 |
Marco Buti | 33 | 98 | 3852 |
Alessandro Turrini | 31 | 129 | 3000 |
Jan in 't Veld | 28 | 91 | 3074 |
Paul van den Noord | 28 | 70 | 3654 |
Salvador Barrios | 26 | 84 | 4166 |
Heiko Hesse | 24 | 56 | 3232 |
Isabel Grilo | 24 | 66 | 2967 |
Gilles Mourre | 21 | 76 | 1300 |
Bořek Vašíček | 20 | 57 | 1318 |
Alessandro Girardi | 19 | 116 | 1212 |
Ivo Maes | 19 | 87 | 1349 |
Ralph Setzer | 16 | 46 | 1162 |