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We investigate the role of jumps in transmitting volatility between foreign exchange markets (Engle, Ito, and Lin, 1990; Melvin and Peiers Melvin, 2003; Cai, Howorka, and Wongswan, 2008). We show that recently developed estimators have very different implications for the impact of jumps on exchange rate...
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estimation to examine how the location value estimates are affected by airport infrastructure investments. …
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"Through their influence on the cross-sectional distribution of productivity across firms and workers, job creation and … destruction likely have an impact on the rate at which aggregate productivity changes over time. However, the nature of this … effect is not, a priori, clear. While a broad consensus has emerged suggesting that job destruction enhances productivity by …
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"The acceleration of productivity growth during the latter half of the 1990s was both the defining economic event of … between incoming aggregate data, which initially suggested little productivity gain, and anecdotal firm-level evidence which … Chairman, argued that revolutionary increases in productivity were occurring and the Committee should not prematurely forgo …
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"This paper shows that economic fluctuations can be largely demand-driven. In particular, the stylized open-economy business cycle regularities documented by Feldstein and Horioka (1980) and Backus, Kehoe and Kydland (JPE 1992) can be explained by the standard general equilibrium theory if...
Persistent link: https://www.econbiz.de/10002956729