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The Locking-in Effect of Subsidized Jobs
Ours, Jan C van - C.E.P.R. Discussion Papers - 2002
job. This Paper uses an administrative data set from the Slovak Republic on durations of individual unemployment spells …
Persistent link: https://www.econbiz.de/10005661621
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The Swinging Dollar: Is Europe Out of Step?
Wyplosz, Charles - C.E.P.R. Discussion Papers - 1988
The large dollar fluctuations of the last decade are often viewed as a classic example of a lack of macroeconomic coordination. This paper examines these fluctuations from a European perspective and suggests five conclusions. First, interdependence between Europe and the US is quite limited as...
Persistent link: https://www.econbiz.de/10005281278
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Managed Floating: Understanding the New International Monetary Order
Bofinger, Peter; Wollmershaeuser, Timo - C.E.P.R. Discussion Papers - 2001
corner solutions. These intermediate regimes are characterized by significant foreign exchange market interventions of … different forms of floating on the basis of a central bank's intervention activity: pure floating (no interventions … interventions and sterilization and we explain why a central bank has an interest in controlling simultaneously the exchange rate …
Persistent link: https://www.econbiz.de/10005114175
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How Long Do Unilateral Target Zones Last?
Dumas, Bernard J; Svensson, Lars E O - C.E.P.R. Discussion Papers - 1992
We examine the expected survival time of a unilateral exchange rate target zone, when constraints on monetary policy prevent the central bank from exclusively focusing on defending the target zone. In general, the width of the target zone has a negligible effect on the expected survival time,...
Persistent link: https://www.econbiz.de/10005791503
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Target Zones and Realignments
Bertola, Giuseppe; Caballero, Ricardo - C.E.P.R. Discussion Papers - 1990
Recent contribution emphasize that the presence of exchange rate target zones has important effects on the within-band behaviour of exchange rates. We show that the implications of available models are strikingly inconsistent with European Monetary System data, and we propose a model of...
Persistent link: https://www.econbiz.de/10005792134
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The Effects of Cannabis Use on Physical and Mental Health
Ours, Jan C van; Williams, Jenny - C.E.P.R. Discussion Papers - 2011
This paper investigates whether cannabis use affects physical and mental health. To do so, information on prime aged individuals living in Amsterdam in 1994 is used. Dutch data offer a clear advantage in estimating the health impacts of cannabis use because the legal status of cannabis in the...
Persistent link: https://www.econbiz.de/10009209833
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Cannabis Use and Mental Health Problems
Ours, Jan C van; Williams, Jenny - C.E.P.R. Discussion Papers - 2009
This paper investigates whether cannabis use leads to worse mental health. To do so, we account for common unobserved factors affecting mental health and cannabis consumption by modeling mental health jointly with the dynamics of cannabis use. Our main finding is that using cannabis increases...
Persistent link: https://www.econbiz.de/10004973972
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Cannabis use and suicidal ideation
Fergusson, David; Horwood, John; Ours, Jan C van; … - C.E.P.R. Discussion Papers - 2012
Globally, suicide has emerged as the second leading cause of death among youth aged 10-24 years old. In order to better understand the causes of this phenomenon, we investigate the relationship between suicidal ideation and cannabis use. Our empirical analysis is based on a 30 year longitudinal...
Persistent link: https://www.econbiz.de/10011084327
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Should Firms be Required to Pay for Vocational Training?
Stevens, Margaret - C.E.P.R. Discussion Papers - 1999
Failure in the training market may result from credit constraints and the inability to insure against labour income uncertainty, deterring potential trainees, or labour market imperfections that create external benefits for firms. This paper constructs a model of a training market affected by...
Persistent link: https://www.econbiz.de/10005498076
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Transfers, Diversification and Household Risk Strategies: Experimental evidence with lessons for climate change adaptation
Macours, Karen; Premand, Patrick; Vakis, Renos - C.E.P.R. Discussion Papers - 2012
complementary interventions provide full protection against drought shocks two years after the end of the intervention. Households … that received the productive investment grant also had higher average consumption levels. The complementary interventions … conditional cash transfer and control households. These results show that combining safety nets with productive interventions can …
Persistent link: https://www.econbiz.de/10011084056