Showing 1 - 10 of 349
We use electoral survey data to examine the impact that two large external shocks had on the development of New Zealand … migration, both increased voting for NZF in its first years of existence. These shocks led to changes in political attitudes and … in explaining the rise of populism in NZ. Understanding how these shocks led to the development of NZF is particularly …
Persistent link: https://www.econbiz.de/10012508778
This paper examines mean and volatility spillovers between four green municipal bonds issued by the US states of …
Persistent link: https://www.econbiz.de/10014234020
In what sense are institutions a deep determinant of growth? In this paper, we address this question by examining the relationship between city growth and institutional reform in 19th century Germany, when some cities experienced deep institutional reform as a result of French rule. Employing an...
Persistent link: https://www.econbiz.de/10011536166
on the volume of intermediate goods trade and the number of varieties produced are mutually reinforcing, resulting in a …
Persistent link: https://www.econbiz.de/10010412753
Russia. The adopted framework allows to analyse interdependence by estimating volatility spillovers, and also contagion by … testing for possible shifts in the transmission of volatility following the introduction of the euro and EU accession. Further …. Furthermore, whilst the introduction of the euro has had mixed effects, EU accession has resulted in an increase in volatility …
Persistent link: https://www.econbiz.de/10003942221
The aim of this paper is to provide some new empirical evidence on the determinants of volatility of real exchange … grouped into three regions (Latin America, Asia and MENA). Our findings suggest that different types of shocks (external, real … and monetary) can account for volatility of real exchange rates in emerging economies, with international financial …
Persistent link: https://www.econbiz.de/10009378390
in the volatility, from the largest market of Saudi Arabia to Qatar and the two markets in the UAE, which confirms that …
Persistent link: https://www.econbiz.de/10012026436
Rare books of political economy are eminently collectable. Using historical prices, I employ hedonic regressions to estimate financial returns to collecting the works of ten eminent political economists and develop a price index for this corpus of collectables. For the observation period...
Persistent link: https://www.econbiz.de/10012437910
I report historical prices and estimate financial returns to investing in rare books. My sample consists of 25 fiction titles recommended by Clifton Fadiman in his 1960 Lifetime Reading Plan. Relying on prices realized at American and British auction houses between 1975 and 2018, I use hedonic...
Persistent link: https://www.econbiz.de/10012219369
Least-squares estimates of the response of gasoline consumption to a change in the gasoline price are biased toward zero, given the endogeneity of gasoline prices. A seemingly natural solution to this problem is to instrument for gasoline prices using gasoline taxes, but this approach tends to...
Persistent link: https://www.econbiz.de/10011431005