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China’s Exchange Rate and International Adjustment in Wages, Prices, and Interest Rates: Japan Déjà Vu?
McKinnon, Ronald Ian; Schnabl, Gunther - CESifo - 2006
China keeps its exchange rate tightly fixed to the dollar. Its productivity growth and trade surplus have been high, and it continues to accumulate large dollar reserves. Many observers take this as evidence that the renminbi is undervalued and should be appreciated to reduce the Chinese trade...
Persistent link: https://www.econbiz.de/10005765836
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Temporary Layoffs and Unemployment Insurance: Is Experience Rating Desirable?
Fath, Julia; Fuest, Clemens - CESifo - 2002
This paper explores how the introduction of an experience rated system of unemployment insurance affects employment and welfare in a model where implicit contracts between firms and workers give rise to wage rigidities and unemployment. In the literature, it has been argued that experience rated...
Persistent link: https://www.econbiz.de/10005766210
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Effects of Immigration on Labour Markets and Government Budgets - An Overview
Leibfritz, Willi; O'Brien, Paul; Dumont, Jean-Christophe - CESifo - 2003
The paper provides an overview on recent trends of immigration in OECD countries and on the possible effects of immigration on labour markets and government budgets. It also discusses migration policies from an economic point of view. By bringing together a bulk of international literature on...
Persistent link: https://www.econbiz.de/10005181484
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Coworker Networks in the Labour Market
Glitz, Albrecht - CESifo - 2013
This paper studies the effect of coworker-based networks on individual labour market outcomes. I analyse how the provision of labour market relevant information by former coworkers affects the employment probabilities and, if hired, the wages of male workers who have previously become unemployed...
Persistent link: https://www.econbiz.de/10010660137
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Globalization and the (Mis)Governance of Nations
Blouin, Arthur - 2013
We analyze whether or not the globalization of capital, ‘disciplines' governments and improves governance. We … demonstrate that globalization affects governance, by increasing a country's vulnerability to sudden capital flight. This … increased threat of capital flight can discipline governments and improve governance and welfare by placing countries in a …
Persistent link: https://www.econbiz.de/10013091699
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Does Corruption Erode Trust in Government? Evidence from a Recent Surge of Local Scandals in Spain
Sole-Olle, Albert - 2014
We examine whether a corruption scandal in which the incumbent is implicated undermines trust in local government. We use a novel dataset containing information on local corruption scandals reported in Spain during the period 1999-2009, and data on the level of trust expressed in local...
Persistent link: https://www.econbiz.de/10013050416
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Government Decentralization and International Government Performance
Goel, Rajeev K. - 2016
Adding to the literature on the effects of government decentralization, this paper uses a large sample of individual responses from more than a hundred countries about public's perceptions of government's performance along various dimensions to study the relative influences of different types of...
Persistent link: https://www.econbiz.de/10012984565
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Ethnic Fractionalization, Governance and Loan Defaults in Africa
Andrianova, Svetlana - 2014
quality of governance) and the degree of market segmentation (depending on the level of ethnic fractionalization). The model …
Persistent link: https://www.econbiz.de/10013044553
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Central Bank Boards Around the World : Why Does Membership Size Differ?
Berger, Helge - 2013
This paper analyzes empirically differences in the size of central bank boards across countries. Defining a board as the body that changes monetary instruments to achieve a specified target, we discuss the possible determinants of a board's size. The empirical relevance of these factors is...
Persistent link: https://www.econbiz.de/10012754018
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The Historical Roots of Corruption and Economic Development in Italy
Petrarca, Ilaria; Ricciuti, Roberto - 2021
We claim that a sequential mechanism linking history to development exists: first, history defines the quality of social capital; then, social capital determines the level of corruption; finally, corruption affects economic performance. We test this hypothesis on a dataset of Italian provinces,...
Persistent link: https://www.econbiz.de/10013315791