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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

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

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

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

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

The search for abatement technologies in the Alberta oil sands

Nimubona, Alain-Désiré; Chakravorty, Ujjayant; Leach, … - 2014

sands region of Alberta, Canada, where firms are developing new abatement technologies to reduce fluid tailings associated …

Persistent link: https://www.econbiz.de/10010349873

Conservation contracts and political regimes

Harstad, Bård; Mideksa, Torben - 2015

Motivated by tropical deforestation, we analyze (i) a novel theory of resource extraction, (ii) the optimal conservation contract, (iii) when the donor prefers contracting with central rather than local governments, and (iv) how the donor's presence may induce institutional change. Deforestation...

Persistent link: https://www.econbiz.de/10010515399

Optimal forest management when logging damages and costs differ between logging practices

Indrajaya, Yonky; Van der Werf, Edwin; Ierland, Ekko C. van - 2014

Papers on optimal harvesting regimes for maximizing land expectation value (LEV) that compare different logging practices often ignore differences in variable costs and in damages on the residual stand between logging practices. We use data on a multi-age, multi-species forest in East-Kalimantan...

Persistent link: https://www.econbiz.de/10010237290

A general approach to the stochastic rotation problem with amenity valuation

Alvarez, Luis H. R.; Koskela, Erkki - 2003

This paper presents a new approach to study the optimal rotation policy with amenity valuation under uncertainty. We first postulate the stochastic forest value and assume plausibly that monetary value of amenities is a continuous and non-negative function of forest value thus presenting the...

Persistent link: https://www.econbiz.de/10011514169

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