Narrow search
Showing 1 - 10 of 121
Cover Image
The Impact of Monetary Strategies on Inflation Persistence
Kočenda, Evžen - 2017
We analyze the impact of price stability-oriented monetary strategies (inflation targeting — IT — and constraining … exchange rate arrangements) on inflation persistence using a time-varying coefficients framework in a panel of 68 countries … (1993–2013). We show that explicit IT has a stronger effect on taming inflation persistence than implicit IT and is …
Persistent link: https://www.econbiz.de/10012962672
Cover Image
Too Many Cooks? Committees in Monetary Policy
Berger, Helge - 2013
-shaped relation between the membership size of MPCs and inflation; our results suggest that the lowest level of inflation is reached … at MPCs with about seven to ten members. Similar results are obtained for other measures, such as inflation variability …
Persistent link: https://www.econbiz.de/10012753618
Cover Image
Monitoring, Sanctions and Front-Loading of Job Search in a Non-Stationary Model
Cockx, Bart - 2011
We develop and estimate a non-stationary job search model to evaluate a scheme that monitors job search effort and sanctions insured unemployed whose effort is deemed insufficient. The model reveals that such schemes provide incentives to the unemployed to front-load search effort prior to...
Persistent link: https://www.econbiz.de/10013117785
Cover Image
Expected Net Present Value, Expected Net Future Value, and the Ramsey Rule
Gollier, Christian - 2013
Weitzman (1998) showed that when future interest rates are uncertain, using the expected net present value implies a term structure of discount rates that is decreasing to the smallest possible interest rate. On the contrary, using the expected net future value criterion implies an increasing...
Persistent link: https://www.econbiz.de/10013095951
Cover Image
Coaseian Biodiversity Conservation. Who Benefits?
Eichner, Thomas - 2017
We consider a world economy, in which the global public good 'biodiversity' is positively correlated with that share of land which is protected by land-use restrictions against the deterioration of habitats and ecosystems. The willingness-to-pay for biodiversity conservation is positive in...
Persistent link: https://www.econbiz.de/10012962993
Cover Image
One Chance in a Million : Altruism and the Bone Marrow Registry
Bergstrom, Theodore C. - 2007
Transplants of donated stem cells save the lives of many patients with blood diseases. Donation is somewhat painful, but rarely has lasting adverse effects. Patients can accept transplants only from donors with compatible immune systems. Those lacking a sibling match must seek donations from the...
Persistent link: https://www.econbiz.de/10012775980
Cover Image
So Similar and Yet so Different : A Comparative Analysis of a Firm's Cost and Benefits of Apprenticeship Training in Austria and Switzerland
Moretti, Luca - 2017
The authors compare a firm's costs and benefits of providing apprenticeship training in Austria and Switzerland, using two original micro data sets. While both countries share a number of similarities, including an extensive vocational education and training (VET) system, and a common border,...
Persistent link: https://www.econbiz.de/10012942011
Cover Image
Efficiency-Morality Trade-Offs in Repugnant Transactions : A Choice Experiment
Elias, Julio - 2016
Societies prohibit many transactions considered morally repugnant, although potentially efficiency-enhancing. We conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors. Preferences were heterogeneous, ranging from...
Persistent link: https://www.econbiz.de/10012979667
Cover Image
Statistical vs. Identified Lives in Benefit-Cost Analysis
Hammitt, James K. - 2013
Economic evaluation of projects involving changes in mortality risk conventionally assumes that lives are statistical, i.e., that risks and policy-induced changes in risk are small and similar among a population. In reality, baseline mortality risks and policy-induced changes in risk often...
Persistent link: https://www.econbiz.de/10012753987
Cover Image
The Costs and Benefits of Mandatory Securities Regulation : Evidence from Market Reactions to the JOBS Act of 2012
Dharmapala, Dhammika; Khanna, Vikramaditya S. - 2021
The effect of mandatory securities regulation on firm value has been a longstanding concern across law, economics and finance. In 2012, Congress enacted the Jumpstart Our Business Startups ("JOBS") Act, relaxing disclosure and compliance obligations for a new category of firms known as "emerging...
Persistent link: https://www.econbiz.de/10013315602