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A re-examination of the link between real exchange rates and real interest rate differentials

Hoffmann, Mathias; MacDonald, Ronald - 2003

The real exchange rate - real interest rate (RERI) relationship is central to most open economy macroeconomic models. However, empirical support for the relationship, especially when cointegrationbased methods are used, is rather weak. In this paper we reinvestigate the RERI relationship using...

Persistent link: https://www.econbiz.de/10011506475

What do we know about recent exchange rate models? : in-sample fit and out-of-sample performance evaluated

Cheung, Yin-Wong; Chinn, Menzie David; Pascual, Antonio … - 2003

Previous assessments of nominal exchange rate determination have focused upon a narrow set of models typically of the 1970 s vintage, including monetary and portfolio balance models. In this paper we re-assess the in-sample fit and out-of-sample prediction of a wider set of models that have been...

Persistent link: https://www.econbiz.de/10011507659

Alternatives to paying child benefit to the rich : means testing or higher tax?

Apps, Patricia; Rees, Ray; Thoresen, Thor Olav; Vattø, … - 2020

Transferring public benefits to people in no need of them appears to be a waste of public money. Thus, there seems to be support for a move away from universal child benefits and towards means testing. This study presents a critique of this overly-simplistic view and proposes a very simple...

Persistent link: https://www.econbiz.de/10012240449

Indian entrepreneurial success in the United States, Canada and the United Kingdom

Fairlie, Robert W.; Krashinsky, Harry A.; … - 2013

Kingdom and Canada -- we examine the performance of Indian entrepreneurs and explanations for their success. We find that … Canada, Indian entrepreneurs have average earnings slightly below the national average but they are more likely to hire … Canada and the United Kingdom contributing less to their entrepreneurial success. …

Persistent link: https://www.econbiz.de/10010212363

Financial incentives to work : conceptions and results in Great Britain, Ireland and Canada

Ochel, Wolfgang - 2001

Credit, Ireland's Back to Work Allowance and her Family Income Supplement, as well as Canada's Child Tax Benefit and her Self …

Persistent link: https://www.econbiz.de/10011408445

Where does multinational profit go with territorial taxation? : evidence from the UK

Langenmayr, Dominika; Liu, Li - 2020

In 2009, the United Kingdom abolished the taxation of profits earned abroad and introduced a territorial tax system. Under the territorial system, firms have strong incentives to shift profits abroad. Using a difference-in-differences research design, we show that profits of UK subsidiaries in...

Persistent link: https://www.econbiz.de/10012154877

Voting with their money : Brexit and outward investment by UK firms

Breinlich, Holger; Leromain, Elsa; Novy, Dennis; … - 2019

We study the impact of the 2016 Brexit referendum on UK foreign direct investment. Using the synthetic control method to construct appropriate counterfactuals, we show that by March 2019 the Leave vote had led to a 17% increase in the number of UK outward investment transactions in the remaining...

Persistent link: https://www.econbiz.de/10012033279

The 2025 trade war : dynamic impacts across U.S. states and the global economy

Rodríguez-Clare, Andrés; Teti, Feodora; Ulate, Mauricio; … - 2025 - First version: April 22, 2025, this version: September 30, 2025

- like Canada, Mexico, and Ireland - suffer the largest real income losses. …

Persistent link: https://www.econbiz.de/10015462565

Barriers to global capital allocation

Pellegrino, Bruno; Spolaore, Enrico; Wacziarg, Romain - 2021

We quantify the impact of barriers to international investment, using a novel multi-country dynamic general equilibrium model with heterogeneous investors and imperfect capital mobility. Our model yields a gravity equation for bilateral foreign asset positions. We estimate this gravity equation...

Persistent link: https://www.econbiz.de/10012514947

Earnings responses to social security contributions : evidence from older workers in Canada

Lavecchia, Adam; Stutely, James - 2025

This paper documents sharp bunching in third-party reported employment earnings at a basic exemption for social security contributions among older workers. Beginning in 2012, workers age 60-64 who were receiving a public pension were required to make social security contributions equal to 9.9...

Persistent link: https://www.econbiz.de/10015455841