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Bahaj, Saleem - 2018

Swap lines between advanced-economy central banks are a new important part of the global financial architecture. This … shows that the swap line mimics discount-window credit from the source central bank to the recipient-country banks using the … shows that the swap-line rate puts a ceiling on deviations from covered interest parity, and finds evidence for it in the …

Persistent link: https://www.econbiz.de/10012912674

China's Bilateral Currency Swap Lines

Lin, Zhitao - 2016

We study the determinants of China's bilateral local currency swap lines that were established since the recent global … a swap line agreement. Once a swap line agreement decision is made, the size of the swap line is then mainly affected by …

Persistent link: https://www.econbiz.de/10012997246

Marriage and Consumption Insurance : What's Love Got to Do with it?

Hess, Gregory D. - 2021

means and volatilities of partners' incomes are also derived from the theory and tested …

Persistent link: https://www.econbiz.de/10013320884

Loan Regulation and Child Labor in Rural India

Dasgupta, Basab - 2014

We study the impact of loan regulation in rural India on child labor with an overlapping-generations model of formal and informal lending, human capital accumulation, adverse selection, and differentiated risk types. Specifically, we build a model economy that replicates the current outcome with...

Persistent link: https://www.econbiz.de/10013065032

Education, Unemployment and Migration

Eggert, Wolfgang - 2009

This paper studies a two-region model in which unemployment, education decisions and interregional migration are endogenous. The poorer region exhibits both lower wages and higher unemployment rates, and migrants to the richer region are disproportionately skilled. The brain drain from the poor...

Persistent link: https://www.econbiz.de/10012766901

Voting, Lobbying, and the Decentralization Theorem

Lockwood, Ben - 2009

This paper revisits the fiscal quot;decentralization theoremquot;, by relaxing the role of the assumption that governments are benevolent, while retaining the assumption of policy uniformity. If instead, decisions are made by direct majority voting, (i) centralization can welfare-dominate...

Persistent link: https://www.econbiz.de/10012766903

Minimum Wages and Their Alternatives : A Critical Assessment

Knabe, Andreas - 2008

Do minimum wages reduce in-work-poverty and wage inequality? Or can alternative policies do better? We evaluate theses issues for the exemplary case of Germany that suffers from high unemployment among low-skilled workers and rising wage dispersion at the bottom of the wage distribution. We...

Persistent link: https://www.econbiz.de/10012768248

Social Security Systems, Human Capital, and Growth in a Small Open Economy

Kaganovič, Michail I. - 2008

We consider a small open economy in which the level of public education funding is determined by popular vote. We show that growth can be enhanced by the introduction of pay-as-you-go pensions even if the growth rate of aggregate wages falls short of the interest rate. The reason is that the...

Persistent link: https://www.econbiz.de/10012768260

Optimal Redistributive Taxation and Provision of Public Input Goods in an Economy with Outsourcing and Unemployment

Aronsson, Thomas - 2008

This paper concerns optimal redistributive income taxation and provision of a public input good in a two-type model with a minimum wage policy implemented for the low-ability type, where firms may use some of their resources for outsourcing by locating part of the production process abroad. Our...

Persistent link: https://www.econbiz.de/10012768264

Reducing the Excess Burden of Subsidizing the Stork : Joint Taxation, Individual Taxation, and Family Tax Splitting

Meier, Volker - 2008

Analyzing a homogenous household setting with endogenous fertility and endogenous labor supply, we demonstrate that moving from joint taxation to individual taxation and adapting child benefits so as to keep fertility constant entails a Pareto improvement. The change is associated with an...

Persistent link: https://www.econbiz.de/10012768348