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Efficiency and Legitimacy : Trade-Offs in IMF Governance
Cottarelli, Carlo - 2005
, because steps to enhance the legitimacy of such an institution through constraints on its decision-making process may affect … its operational efficiency. Potential trade-offs between legitimacy and efficiency exist for any public institution but … the specific ways in which legitimacy is pursued-that is, on the specific constraints that are set. Strategic reforms …
Persistent link: https://www.econbiz.de/10014400744
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Diversity in the Workplace
Vardy, Felix J. J. - 2006
populations are alike in their average ability. Furthermore, workplace diversity is increased if: (1) the cost of firing is …
Persistent link: https://www.econbiz.de/10014399671
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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. First, among Nobel Prize winners and Fields Medalists, migrants to the U.S. play a central role in the global knowledge network-representing 20-33% of the frontier knowledge...
Persistent link: https://www.econbiz.de/10012518315
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Designing fiscal redistribution : the role of universal and targeted transfers
Coady, David; Le, Nghia-Piotr - 2020
There is a growing debate on the relative merits of universal and targeted social assistance transfers in achieving income redistribution objectives. While the benefits of targeting are clear, id est, a larger poverty impact for a given transfer budget or lower fiscal cost for a given poverty...
Persistent link: https://www.econbiz.de/10012252049
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Invisible geniuses : could the knowledge frontier advance faster?
Agarwal, Ruchir; Gaulé, Patrick - 2018
The advancement of the knowledge frontier is crucial for technological innovation and human progress. Using novel data from the setting of mathematics, this paper establishes two results. First, we document that individuals who demonstrate exceptional talent in their teenage years have an...
Persistent link: https://www.econbiz.de/10011978560
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Crises, labor market policy, and unemployment
Bernal Verdugo, Lorenzo Ernesto; Furceri, Davide; … - 2012
Using a sample of 97 countries spanning the period 1980?2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with flexible labor market institutions, whereas the impact of...
Persistent link: https://www.econbiz.de/10009572447
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Labor market flexibility and unemployment : new empirical evidence of static and dynamic effects
Bernal Verdugo, Lorenzo Ernesto; Furceri, Davide; … - 2012
Persistent link: https://www.econbiz.de/10009572457
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Fiscal policy and the current account : are microstates different?
Endegnanew, Yehenew; Amo-Yartey, Charles; Turner-Jones, … - 2012
This paper examines the empirical link between fiscal policy and the current account focusing on microstates defined as countries with a population of less than 2 million between 1970 and 2009. The paper employs panel regression and panel vector autoregression (VAR) on 155 countries of which 42...
Persistent link: https://www.econbiz.de/10009572529
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Short-term wholesale funding and systemic risk : a global CoVaR approach
Lopez-Espinosa, German; Moreno, Antonio; Rubia, Antonio; … - 2012
Persistent link: https://www.econbiz.de/10009572535
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Central bank credit to the government : what can we learn from international practices?
Jácome, Luis Ignacio; Matamoros-Indorf, Marcela; … - 2012
Persistent link: https://www.econbiz.de/10009423901