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Management practices: Are not for profits different?

Delfgaauw, Josse; Dur, Robert; Propper, Carol; Smith, … - C.E.P.R. Discussion Papers - 2011

Recent studies have demonstrated the importance of good management for firm performance. Here, we focus on management in not-for-profits (NFPs). We present a model predicting that management quality will be lower in NFPs compared to for-profits (FPs), but that outputs may not be worse if...

Persistent link: https://www.econbiz.de/10009207527

Sudden Deaths: Taking Stock of Political Connections

Faccio, Mara; Parsley, David - C.E.P.R. Discussion Papers - 2006

Many firms voluntarily incur the costs of attempting to influence politicians. However, estimates of the value of political connections have been made in only a few cases. We propose a new approach to valuing political ties that builds on these previous studies. We consider connected to a...

Persistent link: https://www.econbiz.de/10005114293

Now-casting and the real-time data flow

Banbura, Marta; Giannone, Domenico; Modugno, Michele; … - C.E.P.R. Discussion Papers - 2012

The term now-casting is a contraction for now and forecasting and has been used for a long-time in meteorology and recently also in economics In this paper we survey recent developments on economic now-casting with special focus on those models that formalize key features of how market...

Persistent link: https://www.econbiz.de/10011084671

Fiscal Policy and the Current Account

Ali Abbas, S.M.; Bouhga-Hagbe, Jacques; Fatás, Antonio; … - C.E.P.R. Discussion Papers - 2010

improvement of 0.2–0.3 percentage point of GDP. This association is as strong in emerging and low-income countries as it is in …

Persistent link: https://www.econbiz.de/10008468562

An Area-Wide Real-Time Database for the Euro Area

Giannone, Domenico; Henry, Jérôme; Lalik, Magdalena; … - C.E.P.R. Discussion Papers - 2010

This paper describes how we constructed a real-time database for the euro area covering more than 200 series regularly published in the European Central Bank Monthly Bulletin, as made available ahead of publication to the Governing Council members before their first meeting of the month. We...

Persistent link: https://www.econbiz.de/10008468678

A Cautionary Note on Using Industry Affiliation to Predict Income

Pischke, Jörn-Steffen; Schwandt, Hannes - C.E.P.R. Discussion Papers - 2012

Many literatures investigate the causal impact of income on economic outcomes, for example in the context of … industry affiliation as an instrument for income. We demonstrate that industry affiliation is correlated with fixed individual …

Persistent link: https://www.econbiz.de/10011083623

The New Stylized Facts About Income and Subjective Well-Being

Sacks, Daniel W.; Stevenson, Betsey; Wolfers, Justin - C.E.P.R. Discussion Papers - 2013

their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that … only income relative to others was related to well-being. In this paper, we review the evidence to assess the importance of … absolute and relative income in determining well-being. Our research suggests that absolute income plays a major role in …

Persistent link: https://www.econbiz.de/10011083711

Heterogeneous Consumers and Fiscal Policy Shocks

Anderson, Emily; Inoue, Atsushi; Rossi, Barbara - C.E.P.R. Discussion Papers - 2013

different effects on consumers depending on their age, income levels, and education. In particular, the wealthiest individuals …

Persistent link: https://www.econbiz.de/10011083875

Transfers, Diversification and Household Risk Strategies: Experimental evidence with lessons for climate change adaptation

Macours, Karen; Premand, Patrick; Vakis, Renos - C.E.P.R. Discussion Papers - 2012

improving households’ risk-management through income diversification. The intervention targeted agricultural households exposed …

Persistent link: https://www.econbiz.de/10011084056

How Elastic are Preferences for Redistribution? Evidence from Randomized Survey Experiments

Kuziemko, Ilyana; Norton, Michael I; Saez, Emmanuel; … - C.E.P.R. Discussion Papers - 2013

interactive information on U.S. income inequality, the link between top income tax rates and economic growth, and the estate tax …

Persistent link: https://www.econbiz.de/10011084154