Economic Policy最新文献_第4页

Exchange rate and inflation under weak monetary policy: Turkey verifies theory 弱货币政策下的汇率与通货膨胀:土耳其验证理论

3区经济学

Economic Policy Pub Date : 2023-08-07 DOI: 10.1093/epolic/eiad020

Refet S Gürkaynak, Burçin Kısacıkoğlu, Sang Seok Lee

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引用次数: 0

Should higher education be subsidized more? 高等教育应该得到更多的补贴吗?

3区经济学

Economic Policy Pub Date : 2023-08-01 DOI: 10.1093/epolic/eiad019

Koen Declercq, Erwin Ooghe

{"title":"Should higher education be subsidized more?","authors":"Koen Declercq, Erwin Ooghe","doi":"10.1093/epolic/eiad019","DOIUrl":"https://doi.org/10.1093/epolic/eiad019","url":null,"abstract":"SUMMARY We investigate in which countries fiscal externalities provide a justification for increasing subsidies to higher education. First, we show that the marginal fiscal recovery rate, i.e., the ratio of the change in total net fiscal revenues and the change in total subsidy costs caused by a small change in tuition subsidies, is the key statistic: if larger than a well-specified threshold value, then a small increase in subsidies is desirable from a welfare point of view. We also show that the marginal fiscal recovery rate depends on three statistics: the elasticity of participation with respect to subsidies, the success probability of the marginal student, and the ratio of the net fiscal revenue gain and the subsidy level of a degree in higher education. Second, we use this formula to approximate the marginal fiscal recovery rate in twenty OECD countries. The average marginal fiscal recovery rate is equal to 0.94, meaning that, on average, 0.94 euro is recovered of an increase in subsidies by one euro. This average hides substantial heterogeneity between countries. In six countries, the marginal fiscal recovery rate is larger than one, implying that an increase in subsidies to higher education is unambiguously desirable (i.e., a Pareto improvement) in these countries. In the other 14 countries, the marginal fiscal recovery rate is below one. Yet, if the degree of inequality aversion is not extreme, then increasing subsidies is also desirable in 12 additional countries. Third, to check the quality of our approximation of the marginal fiscal recovery rate, we simulate it for Belgium (region of Flanders) on the basis of a more detailed model. This simulation provides a somewhat lower, yet fairly similar result compared to the approximation.","PeriodicalId":47772,"journal":{"name":"Economic Policy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135971866","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The effects of natural resource revenues on municipal finance 自然资源收入对市政财政的影响

3区经济学

Economic Policy Pub Date : 2023-02-28 DOI: 10.1093/epolic/eiad015

Patrick Leisibach, Simon Luechinger, Jonas Roellin, Christoph A Schaltegger

引用次数: 0

Behind the Veil: the Effect of Banning the Islamic Veil in Schools 面纱背后:禁止在学校佩戴伊斯兰面纱的影响

IF 2.5 3区经济学

Economic Policy Pub Date : 2022-12-16 DOI: 10.1093/epolic/eiac069

Éric Maurin, Nicolás Navarrete H

引用次数: 0

Immigration and Teacher Bias towards Students with an Immigrant Background 移民和教师对有移民背景学生的偏见

IF 2.5 3区经济学

Economic Policy Pub Date : 2022-12-14 DOI: 10.1093/epolic/eiac068

Marco Alberto De Benedetto, Maria De Paola

引用次数: 0

Gender Biases: Evidence from a Natural Experiment in French Local Elections 性别偏见:来自法国地方选举自然实验的证据

IF 2.5 3区经济学

Economic Policy Pub Date : 2022-12-10 DOI: 10.1093/epolic/eiac067

Jean-Benoît Eyméoud, Paul Vertier

{"title":"Gender Biases: Evidence from a Natural Experiment in French Local Elections","authors":"Jean-Benoît Eyméoud, Paul Vertier","doi":"10.1093/epolic/eiac067","DOIUrl":"https://doi.org/10.1093/epolic/eiac067","url":null,"abstract":"Women are underrepresented in politics. In this paper, we test one of the potential explanations for this situation: gender biases from voters. We use a natural experiment during French local elections in 2015: for the first time in this country, candidates had to run in pairs, that had to be gender-balanced. We argue that this reform confused some voters, who might have assumed that the first name on the ballot represented the “main” candidate. Since the order of the candidates on the ballot was determined by their alphabetical order, the order of appearance of male and female candidates was as-good-as-random, and this setting allows us to isolate gender biases from selection effects. Our main result is that there exists a negative gender bias affecting right-wing candidates, whose vote shares were lower by 1.5 percentage points when the female candidate appeared first on the ballot. The missing votes prevented some pairs of candidates from proceeding to the second round of voting. Using data on newspaper circulation and additional institutional features of the election - namely the fact that candidates can (but do not have to) report additional information about themselves on the ballot - we show that higher levels of information decrease discrimination. We argue that the discrimination we identify is, therefore, likely to be statistical.","PeriodicalId":47772,"journal":{"name":"Economic Policy","volume":null,"pages":null},"PeriodicalIF":2.5,"publicationDate":"2022-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138541362","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Covid-Induced School Closures in the US and Germany: Long-Term Distributional Effects 美国和德国因新冠肺炎导致的学校停课:长期分配效应

IF 2.5 3区经济学

Economic Policy Pub Date : 2022-09-10 DOI: 10.1093/epolic/eiac052

Nicola Fuchs-Schündeln

引用次数: 0

Corporate zombies: Anatomy and life cycle 僵尸企业:解剖和生命周期

IF 2.5 3区经济学

Economic Policy Pub Date : 2022-05-18 DOI: 10.1093/epolic/eiac027

Ryan Banerjee, Boris Hofmann

引用次数: 0

Lockdown and voting behaviour: a natural experiment on postponed elections during the COVID-19 pandemic 封锁与投票行为:2019冠状病毒病大流行期间推迟选举的自然实验

IF 2.5 3区经济学

Economic Policy Pub Date : 2022-03-16 DOI: 10.1093/epolic/eiac018

Tommaso Giommoni,Gabriel Loumeau

{"title":"Lockdown and voting behaviour: a natural experiment on postponed elections during the COVID-19 pandemic","authors":"Tommaso Giommoni,Gabriel Loumeau","doi":"10.1093/epolic/eiac018","DOIUrl":"https://doi.org/10.1093/epolic/eiac018","url":null,"abstract":"Abstract The goal of this paper is to study the electoral impact of crisis management policies. With this aim, we exploit a natural experiment during the COVID-19 pandemic in France to evaluate the effect of the lockdown on voting behaviour. In particular, the country has been divided in two areas, red and green, subject to a ‘hard’ and a ‘soft’ lockdown, respectively. To measure voting behaviour, before and after the policy, we rely on the 2020 French municipal elections: the first round took place before the introduction of the restrictions, while the second round was delayed after the end of the lockdown. We estimate a spatial regression-discontinuity-design model comparing electoral outcomes around the border of red and green areas both in the second round and between the two electoral rounds. The main results suggest that lockdown regulations significantly affected voting outcomes. First, in localities under a harder lockdown, the incumbent’s vote share is higher. Second, voter turnout is larger where more stringent restrictions are adopted. These results suggest that lockdown policy mobilizes citizens and leads them to rally around the incumbent politicians.","PeriodicalId":47772,"journal":{"name":"Economic Policy","volume":null,"pages":null},"PeriodicalIF":2.5,"publicationDate":"2022-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138541327","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The political economy of reforms in central bank design: evidence from a new dataset 中央银行设计改革的政治经济学:来自新数据集的证据

IF 2.5 3区经济学

Economic Policy Pub Date : 2022-01-24 DOI: 10.1093/epolic/eiac011

Davide Romelli

引用次数: 0