Showing 1 - 10 of 153
discrete choice experiment provides a novel investigation of the acceptability of different interventions to reduce alcohol … consumption and the effect of information on expected effectiveness, using a UK general population sample of 1202 adults. Policy … options included high, medium and low intensity versions of: Minimum Unit Pricing (MUP) for alcohol; reducing numbers of …
Persistent link: https://www.econbiz.de/10011042269
We provide a long-run perspective on neutral interest rates with new estimates for 16 advanced economies since the 1870s using the Laubach and Williams approach. Our estimates differ substantially from commonly used proxies. We find that, while cross-country heterogeneity was significant in the...
Persistent link: https://www.econbiz.de/10014350824
This paper investigates whether there is a different impact from changes in quot;newquot; and quot;oldquot; economy stock valuations on private investment for seven OECD economies. A vector autoregressive model is estimated for each individual country, using quarterly data over the period...
Persistent link: https://www.econbiz.de/10012737672
valuations on private consumption. Estimating a reduced-form VAR for seven OECD countries for the 1990s, it is found that the … impact from changes in old economy stock valuations on consumption is in general larger in the United States, Canada, and the … United Kingdom than in continental Europe. Furthermore, the impact from changes in new economy valuations to consumption is …
Persistent link: https://www.econbiz.de/10012737673
The Western Balkan countries have some of the lowest female labor force participation and employment rates across Europe. Almost two-thirds of working age women in the region are either inactive or unemployed: a huge bite into human capital for a region that endures high emigration and faces...
Persistent link: https://www.econbiz.de/10012927462
Strong Chinese output growth after the Global Financial Crisis was supported by booming credit. This credit boom carries risks. International experience suggests that China's credit growth is on a dangerous trajectory, with increasing risks of a disruptive adjustment and/or a marked growth...
Persistent link: https://www.econbiz.de/10012929917
This paper builds a novel database on the effects of macroprudential policy drawing from 58 empirical studies, comprising over 6,000 results on a wide range of instruments and outcome variables. It encompasses information on statistical significance, standardized magnitudes, and other...
Persistent link: https://www.econbiz.de/10012830837
Using a database of up to 62 variables for 196 countries over 57 years, a hyperinflation cycle has been characterized to propose a broader setting of stylized facts. Beyond the usual facts, the findings in this paper contribute to the literature of modern hyperinflations in that these cycles...
Persistent link: https://www.econbiz.de/10012895119
to save to meet old age consumption) affect current account levels, and that while countries with more generous unfunded …
Persistent link: https://www.econbiz.de/10012895121
consumption declined more in states where household debt declined more. We study a model where liquidity constraints amplify the … response of consumption and employment to changes in debt. We estimate the model with Bayesian methods combining state and …
Persistent link: https://www.econbiz.de/10012910353