Similar Search Results

Capital account policies, IMF programs and growth in developing regions

Bicaba, Zorobabel; Brixiova, Zuzana; Ncube, Mthuli - 2015

This paper develops an adaptive learning model under uncertainty that examines evolution of capital account polices over time and across developing regions. In the framework, countries' past experiences and IMF programs influence policymakers' beliefs about the impact of capital account...

Persistent link: https://www.econbiz.de/10010469677

Exchange rate volatility and employment growth : empirical evidence from the CEE economies

Belke, Ansgar (contributor); Setzer, Ralph (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001937672

Exchange rate volatility effects on the German labour market : a survey of recent results and extensions

Buscher, Herbert S.; Mueller, Claudia - 1999

In this paper, a survey on theoretically expected and empirically proved impacts of exchange rate volatility is given …. With regard to the West German unemployment, the effects of volatility are empirically analysed using three different … volatility measures and four country groups. In autoregressive models, a significant disturbing impact of volatility can be found …

Persistent link: https://www.econbiz.de/10011294706

On the exchange rate and economic policy uncertainty nexus: a panel VAR approach for emerging markets

Abid, Abir; Rault, Christophe - 2020

We examine the Exchange Rate Volatility (ERV) response to the Economic Policy Uncertainty (EPU) shocks from a panel VAR …

Persistent link: https://www.econbiz.de/10012239005

Volatility spillover between oil prices and main exchange rates : evidence from a DCC-GARCH-connectedness approach

Ben Salem, Leila; Zayati, Montassar; Nouira, Ridha; … - 2024

contagion spillover volatility by focusing on a sample of major oil-exporting and oil-importing countries using daily data from …; during COVID-19; and during the Russian-Ukrainian war. Our results confirm the persistence of volatility for the series … volatility transmission between oil prices and exchange-rate markets. However, the COVID-19 pandemic and the Russian …

Persistent link: https://www.econbiz.de/10014494631

Brain gain : claims about its size and impact on welfare and growth are greatly exaggerated

Schiff, Maurice W. (contributor) - 2005

Based on static partial equilibrium analysis, the "new brain drain" literature argues that, by raising the return to education, a brain drain generates a brain gain that is, under certain conditions, larger than the brain drain itself, and that such a net brain gain results in an increase in...

Persistent link: https://www.econbiz.de/10002815345

Normative judgments implicit in the tax system : a simulation approach

Isaak, Niklas; Jessen, Robin - 2024

How much does society value redistribution? The common method to derive inverse-optimum welfare weights is by inverting an optimal-tax model. Our alternative imposes fewer restrictions on labor supply and enables comparisons across household types. We use a structural labor supply model to...

Persistent link: https://www.econbiz.de/10015162768

Socially optimal crime and punishment

Ferraz, Eduardo; Soares, Rodrigo Reis - 2022

This paper develops a dynamic life-cycle equilibrium model of crime with hetero-geneous agents and human capital accumulation. Agents decide at each point in time whether to commit crimes by comparing potential gains from crime to the expected cost of punishment (determined from the probability...

Persistent link: https://www.econbiz.de/10012821860

Productivity, welfare and reallocation : theory and firm-level evidence

Basu, Susanto; Pascali, Luigi; Schiantarelli, Fabio; … - 2009

We prove that the change in welfare of a representative consumer is summarized by the current and expected future values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility while taking prices parametrically. This result justifies...

Persistent link: https://www.econbiz.de/10003925275

Optimal accumulation in an endogenous growth setting with human capital

Docquier, Frédéric (contributor); … - 2006

This paper considers a three-overlapping-generations model of endogenous growth wherein human capital is the engine of growth. It first contrasts the laissez-faire and the optimal solutions. Three possible accumulation regimes are distinguished. Then it discusses a standard set of tax-transfer...

Persistent link: https://www.econbiz.de/10003310953