 | How Do Fiscal and Labor Policies in France Affect Inequality? Author/Editor: Raphael A. Espinoza, Esther Perez Ruiz. Release Date:February, 2016 This paper explores the impact of fiscal and labor market policies on efficiency, inequality,
 and fiscal outcomes in France. We extend the general equilibrium model calibrated for
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| Demand Patterns in France, Germany, and Belgium: Can We Explain the Differences? Author/Editor: Igor Lebrun, Esther Perez Ruiz. Release Date:September, 2014 The need to revive Euro area growth highlights the importance of the evolution of domestic and external demand in the core. This paper puts recent demand patterns in France, Germany, and Belgium into more...
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| The EU Services Directive: Gains from Further Liberalization Author/Editor: Emilio Fernández Corugedo, Esther Perez Ruiz. Release Date:July, 2014 The EU Services Directive was adopted in 2006 to foster competition in services across Europe. However, progress in liberalizing services has fallen short of expectations due to the article 15 of the more...
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| Labor Tax Cuts and Employment: A General Equilibrium Approach for France Author/Editor: Raphael A. Espinoza, Esther Perez Ruiz. Release Date:July, 2014 The paper presents a simple supply side, general equilibrium model to estimate the macroeconomic effects of labor tax cuts. The model assumes that output is produced using capital, unskilled and more...
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 | The Trade Impact of China on EMU: Is It Even Across Members? Author/Editor: Uffe Mikkelsen, Esther Pérez Ruiz. Release Date:September, 2012 This paper investigates the asymmetries in trade spillovers from sector-specific technology shocks in China to selected euro area countries. We use a Ricardian-gravity trade model to estimate more...
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| Can Institutional Reform Reduce Job Destruction and Unemployment Duration? Yes it Can Author/Editor: Esther Perez Ruiz, Yao Yao. Release Date:February, 2012 We read search theory's unemployment equilibrium condition as an Iso-Unemployment Curve(IUC).The IUC is the locus of job destruction rates and expected unemployment durations rendering the same more...
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| Real Unit Labor Costs Differentials in EMU : How Big, How Benign and How Reversible? Author/Editor: Igor Lebrun, Esther Perez Ruiz. Release Date:May, 2011 Real unit labor costs (RULC) growth differentials between euro area members have persisted since EMU began and even widened out in the run-up to the crisis. This paper focuses on the causes more...
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