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all variables proposed by theory, despite a broad set of fixed effects (FE). We find that both REERs are important and … multilateral resistances. Untangling normalization helps to get a better view of what is still unexplained by theory. …
Persistent link: https://www.econbiz.de/10011791519
Exchange rate returns are fat-tailed distributed. We provide evidence that the apparent non-normality derives from the behavior of macroeconomic fundamentals. Economic and probabilistic arguments are offered for such a relationship. Empirical support is given by testing against normality and...
Persistent link: https://www.econbiz.de/10011349716
We propose a stylized exchange rate model based on diversity and weight ofopinion. Our model departs from standard assumptions in that we allow forheterogeneous agents. We show that such a model can explain both the observedvolatility and the persistence of real and nominal exchange rate...
Persistent link: https://www.econbiz.de/10011316883
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industry of employment. A bad experience with, for instance, pay, work pressure, or job duties makes a change in industry more …
Persistent link: https://www.econbiz.de/10011343286
Persistent link: https://www.econbiz.de/10001471440
Persistent link: https://www.econbiz.de/10003392199
This research documents changes in employment and wages in the Netherlands for different types of workers. We compare … 2017 to 2023 using regression-adjusted wages to make sure changes in composition of the workforce do not influence our … employment has been growing by 2 percent in the period 2017-2023, of which 1.8 percent has been due to additional workers finding …
Persistent link: https://www.econbiz.de/10014541860
inevitabletradeoff between greater employment but at the sacrifice of lower wages on theone hand, versus the maintenance of wages and … industry and employment. These relationsprovide the building blocks of a new industrial policy. The articles areincluded in … Innovation, Industry Evolution and Employment published by CambridgeUniversity Press in 1999. The continued rising unemployment …
Persistent link: https://www.econbiz.de/10011302137
estimating employment and earnings responses to benefit cuts. Reassessment of DI entitlement under more stringent criteria … removed 14.4 percent of recipients from the program and reduced benefits by 20 percent, on average. In response, employment …
Persistent link: https://www.econbiz.de/10011807763