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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...
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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/10008495245
of offshoring emphasized by Grossman & Rossi-Hansberg (2008) emerges as a vehicle of job creation. Improvements in the … technology of offshoring causes job losses at the extensive margin where ever more tasks are performed abroad, but it also causes … improvements in the technology of offshoring. …
Persistent link: https://www.econbiz.de/10010274485
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
The policy debate views offshoring as job destruction. Theoretical models of offshoring mostly assume full employment …-monotonic adjustment: Early stages of offshoring always lead to higher unemployment, while later stages may entail net job creation. We …
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