Showing 1 - 10 of 38
[...]We address several questions in this paper. First,how could macro markets be useful to the average person?Second, how large are the potential benefits from diversificationif these markets were to be introduced andused optimally? Third, can existing financial marketsachieve a similar degree...
Persistent link: https://www.econbiz.de/10005870065
Many features of the German monetary targetingregime are also key elements of inflationtargeting in the other countries examined inthis study. Indeed, as pointed out in Bernanke and Mishkin(1997), Germany might best be thought of as a “hybrid”inflation targeter, in that it has more in common...
Persistent link: https://www.econbiz.de/10005870228
This paper explores the connections betweenbroad economic indicators in the New Yorkmetropolitan region and their national counterparts.It compares the performance of theregion in recent years with that of the nation and assessesthe importance of national and local developments for thearea’s...
Persistent link: https://www.econbiz.de/10005870273
The securities industry in the New York–New Jerseyregion is currently enjoying strong growth in employmentand salaries … vulnerable to stock and bond marketfluctuations, the industry has positive long-term prospects.The benefits from future growth …
Persistent link: https://www.econbiz.de/10005870329
[...]In this article, we explore the DPCs’ approachesto risk management and the extent to which theseapproaches provide competitive advantage. We begin bycharacterizing the major intermediaries in the derivativesmarkets and describing how they manage risk. We thendiscuss the emergence of...
Persistent link: https://www.econbiz.de/10005870340
[...]We conclude that technological change, combinedwith overall growth in the capital stock, is the most … growing gap. A third substantialsource of growth in the wage differential is the shift indemand for the products of different …
Persistent link: https://www.econbiz.de/10005870367
a disciplinary mode of administrative justice, this article highlights the contrasting growth patterns of legal … ultimately long-term growth trajectories. The paper concludes with some preliminary analysis on the inter-linkages between the …
Persistent link: https://www.econbiz.de/10005870473
This paper revisits Bairoch’s hypothesis that in the late 19th century tariffs were positively associated with growth … its potential growth-promoting impact. Evidence is based on a new database on industrial tariffs for the 1870`s. The … tariffs and growth. At global level, increased protection, measured by total and average tariffs on manufactures, implied more …
Persistent link: https://www.econbiz.de/10005870482
doubles output growth from 4.2 to as much as 9 percent per annum, accounting for 2 percent of U.S. GDP-growth between 1900 and … 1938. Pure productivity growth caused 60 percent of this, their growing GDP-share 24 percent, and input transfers and …
Persistent link: https://www.econbiz.de/10005870487
its consequences were more important than neoclassical convergence and structural change in explaining the rapid growth of … different interpretation of post-World War II German economic growth than features in much of the literature.[...] …
Persistent link: https://www.econbiz.de/10005870496