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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
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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
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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
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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
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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
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Strikes, employee workplace representation, unionism, and industrial relations quality in European establishments
Addison, John T.; Teixeira, Paulino - 2018
Using cross-country data, this paper investigates the relationship between workplace representation and strikes. Works councils are associated with reduced strike activity. However, where union members make up a majority of works councillors, such union-dominated councils experience greater...
Persistent link: https://www.econbiz.de/10011933755
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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
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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
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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
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The effect of adversity on process innovations and managerial incentives
Dostie, Benoît; Jayaraman, Rajshri - 2009
incentives by firms. Using a large panel data set of workplaces in Canada, our identification strategy relies on exogenous …
Persistent link: https://www.econbiz.de/10003854411