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Have Irish, German or Italian settlers arriving in the US at the turn of the 20th century left an institutional trace which determines economic development differences to this day? Does the national origin of migrants matter for long-term development? This paper explores whether the distinct...
Persistent link: https://www.econbiz.de/10011084099
decisions are reported upon in the print media. We find that media coverage is, among other things, influenced by the amount of …
Persistent link: https://www.econbiz.de/10008854477
. Results are presented for the United States, Japan, and an aggregate called "Europe" consisting of eleven European economies … indices for Japan and Europe. If anything, real wages in Europe and Japan were too flexible rather than too rigid, in the … sense that much of the increase in wage gap indices in Europe during 1968-70 and in Japan in 1973-74 can be interpreted as …
Persistent link: https://www.econbiz.de/10005789135
called the Triad: The United States, the EU and Japan. We focus on measuring possible asymmetries in market access between …
Persistent link: https://www.econbiz.de/10005504710
This paper argues that a wealth target is an important feature of an economic policy package. A real exchange rate target can be used as an intermediate target to steer national wealth towards its desired value. Such a policy requires that fiscal policy be used to restrain inflation. This may be...
Persistent link: https://www.econbiz.de/10005789065
this complete reversal of standard results is the impact of tariffs on domestic real product wages via wage indexation …
Persistent link: https://www.econbiz.de/10005656454
This paper introduces adaptive learning and endogenous indexation in the New-Keynesian Phillips curve and studies … episode price-setting firms' expect inflation to be highly persistent and opt for backward-looking indexation. As the central … that choose the rate for indexation also re-assess the likelihood that announced inflation targets determine steady …
Persistent link: https://www.econbiz.de/10005114241
This paper analyses theoretically and empirically how employment subsidies should be targeted. We contrast measures involving targeting workers with low incomes/abilities and targeting the unemployed under the criteria of "approximate welfare efficiency" (AWE). Thereby we can identify policies...
Persistent link: https://www.econbiz.de/10005666681
a central bank is to consider whether the duration intervals of past interventions matter for future interventions. The …
Persistent link: https://www.econbiz.de/10005791353
-2004. We estimate duration models dealing with selection on unobservables. We use weighted exogenous sampling maximum …
Persistent link: https://www.econbiz.de/10008528530