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~institution:"National Bureau of Economic Research"
~isPartOf:"Discussion paper / Centre for Economic Policy Research"
~isPartOf:"Journal of econometrics"
~isPartOf:"Labour economics : official journal of the European Association of Labour Economists"
~isPartOf:"NBER working paper series"
~isPartOf:"Research papers / Leverhulme Centre for Research on Globalisation and Economic Policy"
~isPartOf:"Study paper"
~person:"Cumby, Robert E."
~person:"Egger, Peter"
~person:"Francois, Joseph F."
~person:"Hartog, Joop"
~person:"Heckman, James J."
~person:"Henry, Michael"
~person:"Marcellino, Massimiliano"
~person:"Taylor, Alan M."
~person:"van Wincoop, Eric"
~subject:"Bildungsertrag"
~subject:"Exchange rate"
~subject:"Internationale Wirtschaft"
~subject:"Returns to education"
~subject:"Schätzung"
~subject:"Ökonometrisches Modell"
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Cumby, Robert E.
Egger, Peter
Francois, Joseph F.
Hartog, Joop
Heckman, James J.
Henry, Michael
Marcellino, Massimiliano
Taylor, Alan M.
van Wincoop, Eric
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1
Stuck on Gold : Real Exchange Rate Volatility and the Rise and Fall of the Gold Standard
Chernyshoff, Natalia
-
2005
thought not, and
theory
offers ambiguous messages. A hard exchange-rate regime such as the gold standard might limit monetary … absorption in a
world
of real shocks and nominal stickiness. A simple model shows how a lack of flexibility can be discerned in …
Persistent link: https://www.econbiz.de/10012466876
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2
Consumption Risk and International Asset Returns : Some Empirical Evidence
Cumby, Robert E.
-
1987
The paper examines if real stock returns in four countries are consistent with consumption-based models of international asset pricing. The paper finds that ex-ante real stock returns exhibit statistically significant fluctuations over time and that these fluctuations cannot be explained by...
Persistent link: https://www.econbiz.de/10012476685
Saved in:
3
The Time for Austerity : Estimating the Average Treatment Effect of Fiscal Policy
Jordà, Òscar
-
2013
After the Global Financial Crisis a controversial rush to fiscal austerity followed in many countries. Yet research on the effects of austerity on macroeconomic aggregates was and still is unsettled, mired by the difficulty of identifying multipliers from observational data. This paper...
Persistent link: https://www.econbiz.de/10012459247
Saved in:
4
Productivity, Tradability, and the Long-Run Price Puzzle
Bergin, Paul
-
2004
theory
and history to be consistent for a wide range of underlying productivity shocks …
Persistent link: https://www.econbiz.de/10012468124
Saved in:
5
Trade Costs
Anderson, James E.
-
2004
goods within countries, much of which makes economic sense.
Theory
looms large in our survey, providing interpretation and … and interpret gravity
theory
properly and to handle aggregation appropriately …
Persistent link: https://www.econbiz.de/10012468213
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6
The Rise and Fall of
World
Trade, 1870-1939
Estevadeordal, Antoni
-
2002
Measured by the ratio of trade to output, the period 1870 1913 marked the birth of the first era of trade globalization and the period 1914 39 its death. What caused the boom and bust? We use an augmented gravity model to examine the gold standard, tariffs, and transport costs as determinants of...
Persistent link: https://www.econbiz.de/10012469388
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7
Precaution Versus Mercantilism : Reserve Accumulation, Capital Controls, and the Real Exchange Rate
Choi, Woo Jin
-
2017
We document a new international stylized fact describing the relationship between real exchange rates and external asset holdings. Economists have long argued that the real exchange rate is associated with the net international investment position, appreciating as external wealth increases. This...
Persistent link: https://www.econbiz.de/10012455340
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8
International Interest-Rate and Price-Level Linkages Under Flexible Exchange Rates : A Review of Recent Evidence
Cumby, Robert E.
-
1982
Persistent link: https://www.econbiz.de/10012478187
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9
New Methods for Estimating Labor Supply Functions : A Survey
Heckman, James J.
-
1982
This paper surveys new methods for estimatifg labor supply functions. A unified framework of analysis is presented. All recent models of labor supply are special cases of a general index function model developed for the analysis o dummy endogenous variables
Persistent link: https://www.econbiz.de/10012478253
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10
Exchange-Rate Expectations and Nominal Interest Differentials : A Test ofthe Fisher Hypothesis
Cumby, Robert E.
-
1980
This note tests the hypothesis that nominal interest differentials between similar assets denominated in different currencies can be explained entirely by the expected change in the exchange rate over the holding period. This proposition, often called the "Fisher open" hypothesis or the...
Persistent link: https://www.econbiz.de/10012478598
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