Showing 1 - 10 of 164
This paper reviews recent empirical evidence on privatisation in developing countries. Particular emphasis is placed on … new areas of research such as the distributional impacts of privatisation. Overall, the literature now reflects a more … cautious and nuanced evaluation of privatisation. Thus it is found that private ownership alone does not automatically generate …
Persistent link: https://www.econbiz.de/10011571943
What are the factors that explain reversals in the implementation of structural reforms? Our main hypothesis is that reversals in different reforms are driven by different factors. This paper uses new reform indicators and presents novel evidence showing that (a) FDI inflows reduce the...
Persistent link: https://www.econbiz.de/10009537261
Persistent link: https://www.econbiz.de/10001944050
Consumption surveys often record zero purchases of a good because of a short observation window. Only mean consumption …
Persistent link: https://www.econbiz.de/10011452103
Using a new survey of firms' inflation expectations in France, we provide novel evidence about the measurement and formation of inflation expectations on the part of firms. First, French firms report inflation expectations with a smaller, but still positive, bias than households and display less...
Persistent link: https://www.econbiz.de/10012873113
We examine the efficacy of affirmative action at universities whose value depends on peer and alumni networks. We study an elite Brazilian university that adopted race- and income-based affirmative action at a large scale. Using employer-employee data, we show that a key benefit of attending the...
Persistent link: https://www.econbiz.de/10012805824
Introducing a new survey of U.S. firms' inflation expectations, we document key stylized facts involving what U.S. firms know and expect about inflation and monetary policy. The resulting time series of firms' inflation expectations displays unique dynamics, distinct from those of households and...
Persistent link: https://www.econbiz.de/10012518200
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013271201
Using a large-scale survey of U.S. households during the Covid-19 pandemic, we study how new information about fiscal and monetary policy responses to the crisis affects households' expectations. We provide random subsets of participants in the Nielsen Homescan panel with different combinations...
Persistent link: https://www.econbiz.de/10012237791
How well do program participants assess program performance ex-post? In this paper we compare participant evaluations based on survey responses to econometric impact estimates obtained using data from the experimental evaluation of the U.S. Job Training Partnership Act. We have two main...
Persistent link: https://www.econbiz.de/10012265872