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Estimating the Expected Marginal Rate of Substitution : Exploiting Idiosyncratic Risk

Flood, Robert P. - 2004

This paper develops a simple but general methodology to estimate the expected intertemporal marginal rate of substitution or "EMRS", using only data on asset prices and returns. Our empirical strategy is general, and allows the EMRS to vary arbitrarily over time. A novel feature of our technique...

Persistent link: https://www.econbiz.de/10012467884

Financial Integration : A New Methodology and an Illustration

Flood, Robert P. - 2003

of both data and estimation. We find that expected risk-free rates vary dramatically over time, unlike short interest …

Persistent link: https://www.econbiz.de/10012468817

The Economics of Migration : An Empirical Analysis with Special Referenceto the Role of Job Mobility

Bartel, Ann P. - 1980

This article continues the work on the analysis of the individual's decision to migrate, but differs from the previous studies by focusing on the relationship between job mobility and migration. First, the proportion of geographic mobility that occurs in conjunction with a job change is...

Persistent link: https://www.econbiz.de/10012478677

Challenges to globalization : analyzing the economics

Baldwin, Robert E. (ed.) - 2004

Persistent link: https://www.econbiz.de/10001791053

Catching-Up to Foreign Technology? Evidence on the "Veblen-Gerschenkron" Effect of Foreign Investments

Peri, Giovanni - 2004

The presence of foreign multinational enterprises may benefit local economies. In particular, highly productive foreign-owned firms may promote technological catch-up of local firms. Such channel of spillovers is defined as "Veblen-Geschenkron" effect of Foreign Direct Investments and is...

Persistent link: https://www.econbiz.de/10012467794

Unemployment in the Great Recession : A Comparison of Germany, Canada and the United States

Hoffmann, Florian - 2014

States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates … did not change substantially in Germany, increased and remained at relatively high levels in the United States, and … increased moderately in Canada. More recent data also show that, unlike Germany and Canada, the U.S. unemployment rate remains …

Persistent link: https://www.econbiz.de/10012457972

Should Germany Have Built a New Wall? Macroeconomic Lessons from the 2015-18 Refugee Wave

Busch, Christopher - 2020

In 2015-2016 Germany experienced a wave of predominantly low-skilled refugee immigration. We evaluate its macroeconomic …

Persistent link: https://www.econbiz.de/10012481929

Mass Migration, Commodity Market Integration and Real Wage Convergence : The Late Nineteenth Century Atlantic Economy

G, Jeffrey, Williamson - 1993

As part of a process that has been at work since 1850, real wages among the current OECD countries converged during the late 19th century. The convergence was pronounced as that which we have seen in the post World War Il period. This paper uses computable general equilibrium models to isolate...

Persistent link: https://www.econbiz.de/10012474580

Environmental Compliance Costs and Foreign Direct Investment Inflows to U.S. States

Keller, Wolfgang - 1999

This paper estimates the extent to which changing environmental standards have altered patterns of international investment. Our analysis goes beyond the existing literature in three ways. First, we avoid comparing regulations in different countries by using data on inward foreign direct...

Persistent link: https://www.econbiz.de/10012471415

An Industry-Adjusted Index of State Environmental Compliance Costs

Levinson, Arik - 1999

This paper describes a new, industry-adjusted index of state environmental compliance costs from 1977 to 1994. The index has two principal advantages: it controls for states' industrial compositions, and it can be calculated for 17 years, thus facilitating comparisons both among states and...

Persistent link: https://www.econbiz.de/10012471487