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The Real Exchange Rate and Fiscal Policy During the Gold Standard Periodevidence from the United States and Great Britain
Kaminsky, Graciela - 2010
We study the determinants of the dollar/pound real exchange rate from 1879 to 1914 focusing on the role of fiscal policy. We present a simple dynamic model of the real exchange rate to frame our analysis. The econometric results are based upon the decomposition of the sources of the innovation...
Persistent link: https://www.econbiz.de/10013138854
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Nominal Exchange Rate Regimes and the Real Exhange Rate, Evidence from the U.S. And Britain, 1885-1986
Grilli, Vittorio; Kaminsky, Graciela - 2021
Two propositions are common in the international finance literature: (1) the real exchange rate is a random walk, (2) the real exchange rate time series properties essentially depend on the nominal exchange rate regime. The first proposition has been used in support of the claim that PPP cannot...
Persistent link: https://www.econbiz.de/10013313779
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Does Management Matter in Schools
Bloom, Nicholas - 2014
outcomes. The UK, Sweden, Canada and the US obtain the highest management scores closely followed by Germany, with a gap to …
Persistent link: https://www.econbiz.de/10013044342
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Measuring and Explaining Management Practices Across Firms and Countries
Bloom, Nicholas - 2014
US, France, Germany and the UK. These measures of managerial practice are strongly associated with firm …
Persistent link: https://www.econbiz.de/10012752282