Showing 1 - 10 of 2,451
We study a contract change for tea pluckers on an Indian plantation, with a higher government-stipulated baseline wage. Incentive piece rates were lowered or kept unchanged. Yet, in the following month, output increased by 20–80%. This response contradicts the standard model and several...
Persistent link: https://www.econbiz.de/10013060254
This paper presents a synopsis of recent NBER studies of the history of corporate governance in Canada, China, France …, Germany, Japan, India, Italy, the Netherlands, Sweden, the United Kingdom, and the United States. Together, the studies …
Persistent link: https://www.econbiz.de/10012754560
hedge. We also explore valuation. The real price of gold is currently high compared to history. In the past, when the real …
Persistent link: https://www.econbiz.de/10013088402
Between 1870 and 1913, economic convergence among present OECD members (or even a wider sample of countries) was dramatic, about as dramatic as it has been over the past century and a half. The convergence can be documented in GDP per worker-hour, GDP per capita and in real wages. What were the...
Persistent link: https://www.econbiz.de/10013093434
changing demands for modern central bank interventions in the economy. Financial instability, followed by WWII, left a world …
Persistent link: https://www.econbiz.de/10012954933
the reasons why these two forces moved largely in parallel in the decades leading up to World War I, collapsed during the …
Persistent link: https://www.econbiz.de/10012911466
The Gold Pool (1961-1968) was one of the most ambitious cases of central bank cooperation in history. Major central …
Persistent link: https://www.econbiz.de/10012943606
live longer. We review the determinants of these patterns: over history, over countries, and across groups within countries …
Persistent link: https://www.econbiz.de/10012761777
A sketch of the International Monetary Fund's 70-year history reveals an institution that has reinvented itself over … time along multiple dimensions. This history is primarily consistent with a “demand driven” theory of institutional change …
Persistent link: https://www.econbiz.de/10013010281
An analogy has been made between the collapse of the Bretton Woods system in 1971 and the recent Eurozone crisis. The build up of TARGET balances in the Eurosystem of Central Banks after 2007 with the GIPS (deficit countries having large liabilities) and Germany (a surplus country) with large...
Persistent link: https://www.econbiz.de/10013051313