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Trade, jobs, and inequality
Beaton, Kimberly; Cerra, Valerie; Hadzi-Vaskov, Metodij - 2021
higher average wages; thus any relatively slower employment growth in this group of firms could lead to lower inequality …
Persistent link: https://www.econbiz.de/10012605685
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Development of the renminbi market in Hong Kong SAR : assessing onshore-offshore market integration
Craig, Richard Sean; Hua, Changchun; Ng, Philip; Yuen, … - 2013
Persistent link: https://www.econbiz.de/10010389804
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Development of the Renminbi Market in Hong Kong SAR : Assessing Onshore-Offshore Market Integration
Craig, R. Sean - 2013
Offshore use of the renminbi expanded rapidly in Hong Kong SAR as China sought to develop an international role for its currency while maintaining capital controls. This prompts two questions addressed in this paper: How far advanced is renminbi internationalization? And, what role does Chinese...
Persistent link: https://www.econbiz.de/10014411281
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The more the merrier? : a machine learning algorithm for optimal pooling of panel data
Bolhuis, Marijn A.; Rayner, Brett - 2020
We leverage insights from machine learning to optimize the tradeoff between bias and variance when estimating economic models using pooled datasets. Specifically, we develop a simple algorithm that estimates the similarity of economic structures across countries and selects the optimal pool of...
Persistent link: https://www.econbiz.de/10012251287
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Firm-level data and monetary policy : the case of a middle-income country
Bounader, Lahcen; Doukali, Mohamed - 2019
We test the existence of the balance sheet channel of monetary policy in a middle-income country. Firm-level data scarcity and quality, in such a context, make the identification of this channel a steep challenge. To circumvent this challenge, we use panel instrumental variables estimation with...
Persistent link: https://www.econbiz.de/10012154690
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Secular drivers of the natural rate of interest in the United States : a quantitative evaluation
Platzer, Josef; Peruffo, Marcel - 2022
productivity growth, a rise in income inequality, and public policy. The model can account for a 2.2 percentage point (pp) decline … in r* between 1975 and 2015, which is within the range of empirical estimates. Rising income inequality is an important … most of the decline. Growing public debt is the major counteracting force (+0.31 pp). Permanent income inequality is of …
Persistent link: https://www.econbiz.de/10013170272
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Fair and inclusive markets : why dynamism matters
Aghion, Philippe; Chérif, Réda; Hasanov, Fuad - 2021
We show empirical evidence that there may not be a tradeoff between market income inequality and high sustained growth … inequality are characterized by dynamism-a drive toward sophisticated export industries, innovation, and creative destruction and …
Persistent link: https://www.econbiz.de/10012517949
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Inequality and locational determinants of the distribution of living standards in India
Balasubramanian, Sriram; Dhir, Rishabh Kumar; Loungani, … - 2021
be explained by location alone. Consumption levels and locational inequality are positively related. In effect, from an …
Persistent link: https://www.econbiz.de/10012518698
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Pandemics and inequality : perceptions and preferences for redistribution
Balasundharam, Vybhavi; Dabla-Norris, Era - 2021
This paper uses an individual-level survey conducted by the Edelman Trust Barometer in mid-April for 11 advanced and emerging market economies to examine perceptions of government performance in managing the health and economic crisis, beliefs about the future, and attitudes about...
Persistent link: https://www.econbiz.de/10012518743
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Gender equality and inclusive growth
Fernández, Raquel; Isakova, Asel; Luna, Francesco; … - 2021
This paper considers various dimensions and sources of gender inequality and presents policies and best practices to …
Persistent link: https://www.econbiz.de/10012518760