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trade between China and the U.S. in order to avoid the well-known aggregation bias. Estimates of symmetric error … in assessing the effects of the RE misalignment on trade flows between the U.S. and China and confirms that the impacts …
Persistent link: https://www.econbiz.de/10013187157
We develop a two-sector, heterogeneous-agent model with incomplete financial markets to study the distributional effects and aggregate welfare implications of alternative monetary policy rules in emerging market economies. Relative to inflation targeting, exchange rate management benefits...
Persistent link: https://www.econbiz.de/10011309046
Distributional consequences typically receive limited attention in economic models that analyze the effects of monetary and financial sector policies. These consequences deserve more attention since financial markets are incomplete, imperfect, and economic agents' access to them is often...
Persistent link: https://www.econbiz.de/10010222156
In this paper, we investigate how economic, political and institutional factors affect the choice of exchange rate regimes, using data on eight MENA (Middle East and North Africa) countries over the 1984-2016 period. Specifically, we run random-effects ordered probit regressions of the...
Persistent link: https://www.econbiz.de/10013186745
We examine the Exchange Rate Volatility (ERV) response to the Economic Policy Uncertainty (EPU) shocks from a panel VAR perspective used for the first time in this context. Focusing on Emerging Market Economies (EME), our noteworthy findings postulate that (a) both home and foreign EPU shocks...
Persistent link: https://www.econbiz.de/10012239005
In this paper, we use a Micro-Macro model to evaluate the effects of a euro's depreciation on the French economy, both at the macro and micro level. Our Micro-Macro model consists of a Microsimulation model that includes an arithmetical model for the French fiscal system and two behavioral...
Persistent link: https://www.econbiz.de/10011738884
attainment in China. We find a negative correlation between family size and child outcome, even after we control for the birth … effect of family size on children's education. We also find that the effect of family size is more evident in rural China …-quality tradeoff of children in developing countries. -- Quantity-quality tradeoff ; twins ; China …
Persistent link: https://www.econbiz.de/10003641527
One of the most notable social phenomena in China is the large urban-rural disparity. There are many studies of it, but … and rural households in China from 1988 to 2002. Our results suggest that low quantiles are associated with large … ; consumption ; quantile regression decomposition ; China …
Persistent link: https://www.econbiz.de/10003752846
Despite the intensive efforts made by economists to examine regional income inequality in China, limited attention has … in urban China over the period 1986 to 2001. Spatial Price Index (SPI) is normally calculated using the Basket Cost … those obtained from the Basket Cost method. Further, regional price variations in urban China increased significantly during …
Persistent link: https://www.econbiz.de/10003753767
an optimal response of the winner's prize to the size of the contestant pool is more evident for China's listed firms … to decide on the tournament winner). Using comprehensive financial and accounting data on China's listed firms from 1998 … effort and hence improved firm performance, and that the performance effect of the winner's prize is greater for China …
Persistent link: https://www.econbiz.de/10003759900