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It is neither likely nor desirable for central banks to exit from unconventional monetary policies in the near future. However, it is important that central banks develop an exit strategy, evaluate the merits of new and old monetary policy tools and communicate with the public so as to maintain...
Persistent link: https://www.econbiz.de/10010314347
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Persistent link: https://www.econbiz.de/10008495226
It is neither likely nor desirable for central banks to exit from unconventional monetary policies in the near future. However, it is important that central banks develop an exit strategy, evaluate the merits of new and old monetary policy tools and communicate with the public so as to maintain...
Persistent link: https://www.econbiz.de/10008495245
Our paper investigates the link between outsourcing and wages utilising a large household panel and combining it with … industry level information on industries? outsourcing activities from input-output tables. By doing so we can arguably overcome … fragmentation has had a marked impact on wages. Distinguishing three skill categories we find evidence that outsourcing reduced the …
Persistent link: https://www.econbiz.de/10010277444
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This paper investigates the effects of services offshoring on wages using individual level data combined with industry … information on offshoring. Our results show that services offshoring affects the real wage of low and medium skilled individuals … negatively. By contrast, skilled workers benefit from services offshoring in terms of higher real wages. Hence, offshoring has …
Persistent link: https://www.econbiz.de/10010277450
Recent contributions on offshoring often assume that firms can freely split their production process into separate … technologically determined sequence of production steps. In our model, cost savings from offshoring fluctuate along the production … from offshoring even if relocating individual steps would be advantageous in terms of offshoring costs, or they may …
Persistent link: https://www.econbiz.de/10011430068