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Causal Effects of Monetary Shocks : Semiparametric Conditional Independence Tests with a Multinomial Propensity Score

Angrist, Joshua D.; Kuersteiner, Guido M. - 2021

dependent data and allowing for first-step estimation of the propensity score …

Persistent link: https://www.econbiz.de/10013325071

The Role of Income and Immigration Policies in Attracting International Migrants

Ortega, Francesc - 2012

This paper makes two contributions to the literature on the determinants of international migration flows. First, we compile a new dataset on annual bilateral migration flows covering 15 OECD destination countries and 120 sending countries for the period 1980-2006. We also collect data on...

Persistent link: https://www.econbiz.de/10013104662

Do Firms Demand Temporary Workers When They Face Workload Fluctuation? Cross-Country Firm-Level Evidence on the Conditioning Effect of Employment Protection

Dräger, Vanessa - 2012

developed search-and-matching model. Our results are robust to subgroups, subsamples and alternative estimation strategies …

Persistent link: https://www.econbiz.de/10013099406

Extensive vs. Intensive Margin in Germany and the United States : Any Differences?

Merkl, Christian - 2010

This paper analyzes the role of the extensive vis-à-vis the intensive margin of labor adjustment in Germany and in the United States. The contribution is twofold. First, we provide an update of older U.S. studies and confirm the view that the extensive margin (i.e., the adjustment in the number...

Persistent link: https://www.econbiz.de/10013139060

Cyclical Variation in Labor Hours and Productivity Using the ATUS

Burda, Michael C. - 2013

We examine monthly variation in weekly work hours using data for 2003-10 from the Current Population Survey (CPS) on hours/worker, from the Current Employment Survey (CES) on hours/job, and from the American Time Use Survey (ATUS) on both. The ATUS data minimize recall difficulties and constrain...

Persistent link: https://www.econbiz.de/10013089287

Public Wages, Public Employment, and Business Cycle Volatility : Evidence from U.S. Metro Areas

A. Reicher, Claire - 2016

Based on data from a cross section of U.S. metro areas, we show that public employment correlates negatively with business cycle volatility, hinting at a stabilizing effect of public employment, while public wages correlate weakly and positively with business cycle volatility, hinting at a...

Persistent link: https://www.econbiz.de/10012989839

Precious Metal Prices : A Tale of Four U.S. Recessions

Agnese, Pablo; Garcia-del-Barrio, Pedro; Gil-Alana, Luis A. - 2023

This paper empirically examines the degree of persistence in four precious metal prices (i.e., gold, palladium, platinum, and silver) during the last four U.S. recessions. Unit root tests and fractional integration techniques suggest that gold still is the most prominent safe haven asset within...

Persistent link: https://www.econbiz.de/10014351417

House Price Responses to Monetary Policy Surprises : Evidence from the U.S. Listings Data

Gorea, Denis; Kryvtsov, Oleksiy; Kudlyak, Marianna - 2022

Existing literature documents that house prices respond to monetary policy surprises with a significant delay, taking years to reach their peak response. We present new evidence of a much faster response. We exploit information contained in listings for the residential properties for sale in the...

Persistent link: https://www.econbiz.de/10013403143

Growth in the Shadows : Effect of the Shadow Economy on U.S. Economic Growth Over More than a Century

Goel, Rajeev K. - 2017

This paper provides a long-term view by studying the effect of the underground or shadow economy on economic growth in the Unites States over the period 1870 to 2014. Shadow activities might spur or retard economic growth depending on their interactions with the formal sector and impacts on the...

Persistent link: https://www.econbiz.de/10012957508

China's Emergence in the World Economy and Business Cycles in Latin America

Pesaran, M. Hashem - 2011

world have altered the transmission mechanism of international business cycles to Latin America. Evidence based on a Global … world shows that the long-term impact of a China GDP shock on the typical Latin American economy has increased by three … associated with a deceleration in China's economic growth in the future for both Latin America and the rest of the world economy …

Persistent link: https://www.econbiz.de/10013121741

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