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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
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
ventures in China from 1998 to 2007 - roughly a quarter of all international joint ventures in the world - we find, first, that … larger if the foreign firm is from the U.S. rather than from Japan or Hong Kong, Macau, and Taiwan, while this effect is … virtually absent in broad sectors that include economic activities for which China's FDI policy has prohibited joint ventures. …
Persistent link: https://www.econbiz.de/10011855593
This paper shows that globalization has far-reaching implications for the economy's fertility rate and family structure … with employer-employee linked data for Denmark, we show that lower labor market opportunities due to Chinese import …
Persistent link: https://www.econbiz.de/10012031126
welfare recipients in the United States, the United Kingdom, Denmark, the Netherlands and Germany. It primarily refers to …
Persistent link: https://www.econbiz.de/10011402571
Using estimates of support for Leave across UK local authority areas constructed from a comprehensive 20,000 strong survey, we show that both the level and the geographic variation capturing differential degrees of support for Leave have changed significantly since the 2016 EU referendum. A lot...
Persistent link: https://www.econbiz.de/10011941218
Did austerity cause Brexit? This paper shows that the rise of popular support for the UK Independence Party (UKIP), as the single most important correlate of the subsequent Leave vote in the 2016 European Union (EU) referendum, along with broader measures of political dissatisfaction, are...
Persistent link: https://www.econbiz.de/10011877825
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
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
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