Showing 1 - 10 of 2,503
Bitcoin in particular and so-called cryptocurrencies in general have shaken up the financial world and seem to be … indicate that, as of late, bitcoin has become increasingly interdependent with gold, and seems just as suitable to hedge …
Persistent link: https://www.econbiz.de/10012517614
-natural experiment - the gold rush in the second part of the 19th century. We argue that the presence of gold attracted individuals with … entrepreneurial personality traits. Due to a genetic founder effect and the formation of an entrepreneurship culture, we expect gold … rush counties to have higher entrepreneurship rates. The analysis shows that gold rush counties indeed have higher …
Persistent link: https://www.econbiz.de/10012705583
obesity. To date the lack of an acceptable gold-standard for measuring fatness has made it difficult to evaluate alternative … alternative measures of obesity in the absence of a gold standard. Using data from a representative sample of US adults we show … the potential costly policy mistakes that may arise from arbitrarily adopting a single measure as a gold standard. …
Persistent link: https://www.econbiz.de/10010235859
Conventional empirical models of monetary policy transmission in emerging market economies produce puzzling results: monetary tightening often leads to an increase in prices (the price puzzle) and depreciation of the currency (the FX puzzle). We show that incorporating forward-looking...
Persistent link: https://www.econbiz.de/10015084194
size of the present-day LGBT population to the discovery of gold mines during the 19th century gold rushes. Comparing the … surroundings of these gold mines to other current and former mining counties, we find that there are currently 10-15% more same …-sex couples in counties in which gold discoveries were made during the gold rushes. We also provide empirical evidence that …
Persistent link: https://www.econbiz.de/10011949498
Existing literature documents that house prices respond to monetary policy surprises with a significant delay, taking years to reach their peak response. We present new evidence of a much faster response. We exploit information contained in listings for the residential properties for sale in the...
Persistent link: https://www.econbiz.de/10013343329
We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated every period. The workers' bargaining power in the hours negotiation affects both unemployment volatility and inflation persistence. The closer to zero this parameter, (i) the more...
Persistent link: https://www.econbiz.de/10003824877
We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures....
Persistent link: https://www.econbiz.de/10009548662
Macroeconomists have long been concerned with the causal effects of monetary policy. When the identification of causal effects is based on a selection-on-observables assumption, non-causality amounts to the conditional independence of outcomes and policy changes. This paper develops a...
Persistent link: https://www.econbiz.de/10003739948
We investigate whether a causal interpretation of the robust association between cognitive skills and economic growth is appropriate and whether cross-country evidence supports a case for the economic benefits of effective school policy. We develop a new common metric that allows tracking...
Persistent link: https://www.econbiz.de/10003920009