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The standard measure of core or underlying inflation is the inflation rate excluding food and energy prices. This paper constructs an alternative measure, the weighted median inflation rate, for 38 advanced and emerging economies using subclass level disaggretion of the CPI over 1990-2021, and...
Persistent link: https://www.econbiz.de/10015059656
While anecdotal evidence suggests that interest groups play a key role in shaping immigration policy, there is no … combining information on the number of temporary work visas with data on lobbying activity associated with immigration. We find … robust evidence that both pro- and anti-immigration interest groups play a statistically significant and economically …
Persistent link: https://www.econbiz.de/10012677368
This paper examines the macroeconomic impact of migration on income convergence in the EU's New Member States (NMS). The paper focuses on cross-border mobility of labor and examines the implications for policymakers with the help of a general equilibrium model. It finds that cross-border labor...
Persistent link: https://www.econbiz.de/10012677689
We propose a novel approach to measure the dynamic macroeconomic effects of immigration on the destination country …, combining the analysis of episodes of large immigration waves with instrumental variables techniques. We distinguish the impact … of immigration shocks in OECD countries from that of refugee immigration in emerging and developing economies. In OECD …
Persistent link: https://www.econbiz.de/10015058830
country. Household survey data indicates that recent decades of high output growth also witnessed a substantial narrowing of …
Persistent link: https://www.econbiz.de/10015060121
two sides of the Atlantic – Europe and the United States. The contribution of the study is mainly empirical, trying to … Social Survey (ESS), the American General Social Survey (GSS), and the International Social Survey Program (ISSP). Estimation … indeed more religious than the populations in the receiving countries, both in Europe and in the United States; and (b) while …
Persistent link: https://www.econbiz.de/10011084585
During the global financial crisis, European banks contracted foreign claims on recipient economies sharply. This paper examines the impact of that deleveraging on credit supply in recipient economies, with a particular focus on Asia. Identification is achieved by exploiting heterogeneity in...
Persistent link: https://www.econbiz.de/10009659761
Persistent link: https://www.econbiz.de/10001109239
Persistent link: https://www.econbiz.de/10001089658
-level data for central and eastern Europe and controlling for the feedback effect of credit growth on bank soundness. No evidence …
Persistent link: https://www.econbiz.de/10012677467