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and the constant elasticity of substitution (CES)) as limit cases. This integrative approach incorporates both localized …
Persistent link: https://www.econbiz.de/10005504717
views have been based on interwar data. Recent research on British unemployment in the interwar period has proven expecially … controversial. This paper describes a new microdata set which can be used to study the operation of the British labour market and … the incidence of interwar unemployment. The data set is a sample of households drawn from the records of the New Survey of …
Persistent link: https://www.econbiz.de/10005281295
microdata. We look at both economic and statistical criteria in assessing various models, paying particular attention to the … flexibility of the economic model and the stochastic specification of unobservable factors. Using these criteria, a model is … selected from a sample of United Kingdom Family Expenditure Survey data. …
Persistent link: https://www.econbiz.de/10005281406
market data and an event-study approach, using a daily data set covering a thousand announcements spanning over eighty …
Persistent link: https://www.econbiz.de/10009293663
This paper models the causes of the 2008 financial crisis together with its manifestations, using a Multiple Indicator Multiple Cause (MIMIC) model. Our analysis is conducted on a cross-section of 107 countries; we focus on national causes and consequences of the crisis, ignoring cross-country...
Persistent link: https://www.econbiz.de/10004969128
worse crises, we find few clear reliable indicators in the pre-crisis data of the incidence of the Great Recession …
Persistent link: https://www.econbiz.de/10008550324
This paper models the causes of the 2008 financial crisis together with its manifestations, using a Multiple Indicator Multiple Cause (MIMIC) model. Our analysis is conducted on a cross-section of 85 countries; we focus on international linkages that may have allowed the crisis to spread across...
Persistent link: https://www.econbiz.de/10008528523
Inflation targeting seems to have a small but positive effect on the synchronization of business cycles; countries that target inflation seem to have cycles that move slightly more closely with foreign cycles. Thus the advent of inflation targeting does not explain the decoupling of global...
Persistent link: https://www.econbiz.de/10004973969
This paper studies the characteristics of departures from monetary unions. During the post-war period, almost seventy distinct countries or territories have left a currency union, while over sixty have remained continuously in currency unions. I compare countries leaving currency unions to those...
Persistent link: https://www.econbiz.de/10005123773
I search for a 'scale' effect in countries. I use a panel data set that includes 200 countries over forty years and … link the population of a country to a host of economic and social phenomena. Using both graphical and statistical …
Persistent link: https://www.econbiz.de/10005498014