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A Dual Policy Paradox : Why Have Trade and Immigration Policies Always Differed in Labor-Scarce Economies
Hatton, Timothy J. - 2005
Today's labor-scarce economies have open trade and closed immigration policies, while a century ago they had just the opposite, open immigration and closed trade policies. Why the inverse policy correlation, and why has it persisted for almost two centuries? This paper seeks answers to this dual...
Persistent link: https://www.econbiz.de/10012466805
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Estimating real production and expenditures across nations : a proposal for improving the Penn world tables
Feenstra, Robert C. (contributor) - 2004
"In this paper we propose a new approach to international comparisons of real GDP measured from the output-side. The traditional Geary-Khamis system to measure real GDP from the expenditure-side is modified to include differences in the terms of trade between countries. It is shown that this...
Persistent link: https://www.econbiz.de/10010522867
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Basel III monitoring report
2014 - March 2014
Persistent link: https://www.econbiz.de/10010345590
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Does Inflation Targeting Increase Output Volatility? An International Comparison of Policymakers' Preferences and Outcomes
Cecchetti, Stephen G. - 1999
Aggregate shocks that move output and inflation in opposite directions create a tradeoff between output and inflation variability, forcing central bankers to make a choice. Differences in the degree of accommodation of shocks lead to disparate variability outcomes, revealing national central...
Persistent link: https://www.econbiz.de/10012471355
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Are All Banking Crises Alike? The Japanese Experience in International Comparison
Hutchison, Michael - 1999
This paper examines episodes of banking sector distress for a large sample of developed and developing countries, highlighting the experience of Japan. By a host of criteria, Japan appeared to be in a stronger position than most countries at the onset of banking problems low inflation,...
Persistent link: https://www.econbiz.de/10012471537
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Is Globalization Today Really Different than Globalization a Hunderd Years Ago?
Bordo, Michael D. - 1999
for the United States but also with reference to the wider world. We establish the outlines of international integration a … century ago and analyze the institutional and informational impediments that prevented the late nineteenth century world from … achieving the same degree of integration as today. We conclude that the world today is different: commercial and financial …
Persistent link: https://www.econbiz.de/10012471593
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E-commerce During Covid : Stylized Facts from 47 Economies
Alcedo, Joel - 2022
We study e-commerce across 47 economies and 26 industries during the COVID-19 pandemic using aggregated and anonymized transaction-level data from Mastercard, scaled to represent total consumer spending. The share of online transactions in total consumption increased more in economies with...
Persistent link: https://www.econbiz.de/10012938698
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Electoral Turnovers
Marx, Benjamin M.; Pons, Vincent; Rollet, Vincent - National Bureau of Economic Research - 2022
In most national elections, voters face a key choice between continuity and change. Electoral turnovers occur when the incumbent candidate or party fails to win reelection. To understand how turnovers affect national outcomes, we study the universe of presidential and parliamentary elections...
Persistent link: https://www.econbiz.de/10012938735
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From Mancession to Shecession : Women's Employment in Regular and Pandemic Recessions
Alon, Titan; Coskun, Sena; Doepke, Matthias; Koll, David; … - National Bureau of Economic Research - 2021
We examine the impact of the global recession triggered by the Covid-19 pandemic on women's versus men's employment. Whereas recent recessions in advanced economies usually had a disproportionate impact on men's employment, giving rise to the moniker "mancessions," we show that the pandemic...
Persistent link: https://www.econbiz.de/10012510511