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effectiveness may moderate in graying societies. It then uses Bayesian estimation techniques for the U.S., Canada, Japan, U.K., and …
Persistent link: https://www.econbiz.de/10012667511
We study, both empirically and quantitatively, the role of savings and the labor supply in self-insurance channels over the life cycle when one faces not only idiosyncratic income risks, but also changes in longevity risk and pension benefits. We pick China as a case study since China has...
Persistent link: https://www.econbiz.de/10012009609
Chile, the United States, Canada, Australia, New Zealand, and five European countries. Overall, Chile''s pass-through does …
Persistent link: https://www.econbiz.de/10014399635
Advanced economies have been witnessing a pronounced slowdown of productivity growth since the global financial crisis that is accompanied in recent years by a withdrawal from trade integration processes. We study the determinants of productivity slowdown over the past two decades in four...
Persistent link: https://www.econbiz.de/10012170132
This paper compiles the Intertemporal Public Sector Balance Sheets for all G7 countries and examines their relationship with government borrowing costs. In 2018, all G7 countries have negative Intertemporal Net Financial Worth (INFW), falling short of their intertemporal budget constraint. A...
Persistent link: https://www.econbiz.de/10012613501
This paper reexamines some unsettled theoretical and empirical issues regarding the relationship between nominal exchange rates and interest rate differentials and provides a model for the behavior of exchange rates in the long run, where interest rates are determined in the bond market. The...
Persistent link: https://www.econbiz.de/10014400414
, Canada, Germany, the United Kingdom, and the United States …
Persistent link: https://www.econbiz.de/10014401199
We study the properties of a test that determines whether two time series comove. The test computes a simple nonparametric statistic for “concordance,” which describes the proportion of time that the cycles of two series spend in the same phase. We establish the size and power properties of...
Persistent link: https://www.econbiz.de/10014399826
relationship between total regional saving and investment is significantly negative in Canada and the United Kingdom, in contrast … is negative in Canada which suggests that capital is mobile for individuals. The relationship between retained earnings … and private investment is significantly positive in the U.K. and Canada suggesting capital immobility for firms but a test …
Persistent link: https://www.econbiz.de/10014398181
Persistent link: https://www.econbiz.de/10009486196