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Voting right rotation, behavior of committee members and financial market reactions : evidence from the U.S. Federal Open Market Committee
Ehrmann, Michael; Tietz, Robin; Visser, Bauke - 2021
meetings of the committee. Does voting status change behavior? We find that the data go against the hypothesis that without the … voting right, presidents use their public speeches and their meeting interventions to compensate for the loss of formal … influence; rather, they support the hypothesis that the voting right makes presidents more involved. We also find that speeches …
Persistent link: https://www.econbiz.de/10012545129
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The political economy of financial fragility
Feijen, Erik; Perotti, Enrico C. - 2005
While financial liberalization has in general favorable effects, reforms in countries with poor regulation is often followed by financial crises. We explain this variation as the outcome of lobbying interests capturing the reform process. Even after liberalization, market investors must rely on...
Persistent link: https://www.econbiz.de/10011348359
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Managerial talent, motivation, and self-selection into public management
Delfgaauw, Josse; Dur, Robert A. J. - 2008
The quality of public management is a recurrent concern in many countries. Calls to attract the economy's best and brightest managers to the public sector abound. This paper studies self-selection into managerial and non-managerial positions in the public and private sector, using a model of a...
Persistent link: https://www.econbiz.de/10011377112
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Growth effects of fiscal policies : a comparative analysis in a multi-country context
Brons, Martijn; Groot, Henri L. F. de; Nijkamp, Peter - 1999
The potential interactions among fiscal policies, investments and economicgrowth are complex and manifold.In this paper, we will perform a systematic comparative analysis of the variouseconomic insights that arecurrently available on these complex relationships, both theoretically (by aselective...
Persistent link: https://www.econbiz.de/10011301152
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Managerial talent, motivation, and self-selection into public management
Delfgaauw, Josse; Dur, Robert A. J. - 2008
Persistent link: https://www.econbiz.de/10003774452
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Comparative analysis of litigation system : an auction-theoretic approach
Baye, Michael R.; Kovenock, Daniel J.; Vries, Casper G. de - 2000
Persistent link: https://www.econbiz.de/10001534826
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A collective household model of time allocation : a comparison of native Dutch and immigrant households in the Netherlands
Klaveren, Chris van; Praag, Bernard M. S. van; Maassen … - 2006
Although the number of immigrant households in the Netherlands is substantial, the labor supply choices of this group are usually neglected in empirical studies because these households are usually under-sampled. We use a stratified sample of Turkish, Surinamese/Antillean and Dutch households...
Persistent link: https://www.econbiz.de/10011349201
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The relationship between entrepreneurship and unemployment in Japan
Stel, Adriaan J. van; Thurik, Adriaan R.; Verheul, Ingrid; … - 2008
This paper examines the relationship between entrepreneurship (as measured by fluctuations in the business ownership rate) and unemployment in Japan for the period between 1972 and 2002. We find that, although Japan’s unemployment rate has been influenced by specific exogenous shocks, the...
Persistent link: https://www.econbiz.de/10011372966
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Rhineland exit?
Bovenberg, Ary Lans; Teulings, Coen N. - 2007
We argue in favour of the shareholder model of the firm for three main reasons. First, serving multiple stakeholders leads to ill-defined property rights. What sounds like a fair compromise between stakeholders can easily evolve in a permanent struggle between the stakeholders about the ultimate...
Persistent link: https://www.econbiz.de/10011373820
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Comparing the returns to education for entrepreneurs and employees
Sluis, Justin van der; Praag, Mirjam van; … - 2004
The returns to education (RTE) for entrepreneurs, unlike for employees, have not yet been estimated by methods coping with the potential endogeneity problem. We estimate the RTE for entrepreneurs and employees while testing for and coping with this problem. Our results derived from a large US...
Persistent link: https://www.econbiz.de/10011453208