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This paper critically evaluates the literature on international unconventional monetary policies. We begin by reviewing the theories of how such heterogeneous policies could work. Empirically, event studies provide compelling evidence that international asset purchase announcements have strongly...
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: an increase of 1°F in the average summer temperature is associated with a reduction in the annual growth rate of state … it is found that a reduction of U.S. economic growth by up to one third could occur over the next century. …
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income growth among regions. Empirical data seem to support the absolute convergence hypothesis for U.S. states, but the data … also show that natural resource-abundance is a significant negative determinant of growth. We find that natural resource … effects can fully explain the negative effect of natural resource abundance on growth. …
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