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Pope, Devin G.; Price, Joseph; Wolfers, Justin - C.E.P.R. Discussion Papers - 2014

Can raising awareness of racial bias subsequently reduce that bias? We address this question by exploiting the widespread media attention highlighting racial bias among professional basketball referees that occurred in May 2007 following the release of an academic study. Using new data, we...

Persistent link: https://www.econbiz.de/10011084624

The Swinging Dollar: Is Europe Out of Step?

Wyplosz, Charles - C.E.P.R. Discussion Papers - 1988

The large dollar fluctuations of the last decade are often viewed as a classic example of a lack of macroeconomic coordination. This paper examines these fluctuations from a European perspective and suggests five conclusions. First, interdependence between Europe and the US is quite limited as...

Persistent link: https://www.econbiz.de/10005281278

Managed Floating: Understanding the New International Monetary Order

Bofinger, Peter; Wollmershaeuser, Timo - C.E.P.R. Discussion Papers - 2001

corner solutions. These intermediate regimes are characterized by significant foreign exchange market interventions of … different forms of floating on the basis of a central bank's intervention activity: pure floating (no interventions … interventions and sterilization and we explain why a central bank has an interest in controlling simultaneously the exchange rate …

Persistent link: https://www.econbiz.de/10005114175

How Long Do Unilateral Target Zones Last?

Dumas, Bernard J; Svensson, Lars E O - C.E.P.R. Discussion Papers - 1992

We examine the expected survival time of a unilateral exchange rate target zone, when constraints on monetary policy prevent the central bank from exclusively focusing on defending the target zone. In general, the width of the target zone has a negligible effect on the expected survival time,...

Persistent link: https://www.econbiz.de/10005791503

Target Zones and Realignments

Bertola, Giuseppe; Caballero, Ricardo - C.E.P.R. Discussion Papers - 1990

Recent contribution emphasize that the presence of exchange rate target zones has important effects on the within-band behaviour of exchange rates. We show that the implications of available models are strikingly inconsistent with European Monetary System data, and we propose a model of...

Persistent link: https://www.econbiz.de/10005792134