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Why U.S. immigration matters for the global advancement of science
Agarwal, Ruchir; Ganguli, Ina; Gaulé, Patrick; Smith, Geoff - 2021
This paper studies the impact of U.S. immigration barriers on global knowledge production. We present four key findings … developing countries. Fourth, certain 'push' incentives that reduce immigration barriers-by addressing financing constraints for …
Persistent link: https://www.econbiz.de/10012518315
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Do Interest Groups Affect U.S. Immigration Policy?
Mishra, Prachi - 2008
While anecdotal evidence suggests that interest groups play a key role in shaping immigration policy, there is no … combining information on the number of temporary work visas with data on lobbying activity associated with immigration. We find … robust evidence that both pro- and anti-immigration interest groups play a statistically significant and economically …
Persistent link: https://www.econbiz.de/10014401673
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Sovereign debt sustainability and central bank credibility
Willems, Tim; Zettelmeyer, Jeromin - 2022
This article surveys the literature on sovereign debt sustainability from its origins in the mid-1980s to the present, focusing on four debates. First, the shift from an "accounting based" view of debt sustainability, evaluated using government borrowing rates, to a "model based" view which uses...
Persistent link: https://www.econbiz.de/10013170526
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Individual treatment effects of budget balance rules
Caselli, Francesca; Stoehlker, Daniel; Wingender, Philippe - 2020
This paper investigates the heterogenous effects of budget balance rules on fiscal policy in a large sample of countries. To derive country-specific treatment effects of fiscal rules and conduct inference, we use a Synthetic Difference-in-Differences Method. Our results indicate that countries...
Persistent link: https://www.econbiz.de/10012485989
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Optimal fiscal spending and reserve accumulation policies under volatile aid
Moldovan, Ioana R.; Yang, Shu-Chun S.; Zanna, Luis-Felipe - 2019
This paper assesses the optimal setting of fiscal spending and foreign exchange rate intervention policies in response to volatile foreign aid, in a small open economy model that incorporates typical features of low-income countries. Within a class of policy rules, it jointly considers the...
Persistent link: https://www.econbiz.de/10012102039
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A requiem for the fiscal theory of the price level
Farmer, Roger E. A.; Zabczyk, Pawel - 2019
The Fiscal Theory of the Price Level (FTPL) is the claim that, in a popular class of theoretical models, the price …
Persistent link: https://www.econbiz.de/10012112131
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Immigration and employment : substitute versus complementary labor in selected African countries
Viseth, Arina - 2020
This paper uses census and household survey data on Cameroon, Ghana, and South Africa to examine immigration's impact … in the context of a segmented labor market in Sub-Saharan Africa. We find that immigration affects (i) employment (ii … the impact depends on the degree of complementarity between immigrants and native workers' skills. Immigration is found to …
Persistent link: https://www.econbiz.de/10012300611
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Sovereign risk, fiscal policy, and macroeconomic stability
Corsetti, Giancarlo; Küster, Keith; Meier, André; … - 2012
Persistent link: https://www.econbiz.de/10009488220
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The Morocco Policy Analysis model : theoretical framework and policy scenarios
Achour, Aya; Bulíř, Aleš; Chafik, Omar; Remo, Adam - 2021
The Morocco Policy Analysis model (MOPAM) was created in the Bank Al-Maghrib to simulate the impact of external developments, domestic macroeconomic policies, and structural reforms on key macroeconomic aggregates. We describe its structure and demonstrate its operation on two medium-term...
Persistent link: https://www.econbiz.de/10012613662
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The fiscal multiplier of public investment : the role of corporate balance sheet
Espinoza, Raphael; Gamboa-Arbelaez, Juliana; Sy, Mouhamadou - 2020
theory (Myers 1977). We also find that the effect of public investment on corporate investment is much weaker for firms that …
Persistent link: https://www.econbiz.de/10012391930