Showing 1 - 10 of 1,798
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
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
UK economy to the postaccession surge in immigration. Simulations show that immigration is likely to have positive …
Persistent link: https://www.econbiz.de/10014400579
Persistent link: https://www.econbiz.de/10009747249
This paper explores the macroeconomic impact of social unrest, using a novel index based on news reports. The findings are threefold. First, unrest has an adverse effect on economic activity, with GDP remaining on average 0.2 percentage points below the pre-shock baseline six quarters after a...
Persistent link: https://www.econbiz.de/10012613425
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
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
Persistent link: https://www.econbiz.de/10012392502
This paper takes a new approach to assess the costs and benefits of using different policy tools-macroprudential, monetary, foreign exchange interventions, and capital flow management-in response to changes in financial conditions. The approach evaluates net benefits of policies using quadratic...
Persistent link: https://www.econbiz.de/10012299315
This paper argues that there is scope for monetary policy under an exchange rate anchor, and discusses the related monetary policy design and implementation. It shows that the exchange rate can be used as the main monetary policy instrument while the policy rate can target the exchange rate. An...
Persistent link: https://www.econbiz.de/10012302036