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Coase V. The Coasians
Johnson, Simon - 2008
The Coase theorem implies that, in a world of positive transaction costs, any of a number of strategies, including judicially enforced private contracts, judicially enforced laws, or even government regulation, may be the cheapest way to bring about efficient resource allocation. Unfortunately,...
Persistent link: https://www.econbiz.de/10012774804
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Inflation Targeting in Transition Countries : Experience and Prospects
Jonas, Jiri; Mishkin, Frederic S. - 2021
This paper examines the inflation targeting experience in three transition countries: the Czech Republic, Poland and Hungary. While the examined countries have missed inflation targets often by a large margin, they nevertheless progressed well with disinflation. A key lesson from the experience...
Persistent link: https://www.econbiz.de/10013225557
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Macroeconomic Policy and Institutions During the Transition to European Union Membership
Branson, William H.; Braga de Macedo, Jorge; von Hagen, … - 2021
A framework is developed for macroeconomic policy analysis in four countries of Central Europe (CE) in transition to EU membership (Czech Republic, Hungary, Poland, and Slovakia). A Multi-Annual Fiscal Adjustment Strategy (MAFAS) and a Pre-Pegging Exchange Rate Regime (PPERR) appropriate for...
Persistent link: https://www.econbiz.de/10013225816
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Winners and Losers from Sovereign Debt Inflows
Broner, Fernando; Martin, Alberto; Pandolfi, Lorenzo; … - 2022
We study the transmission of sovereign debt inflow shocks on domestic firms. We exploit episodes of large sovereign debt inflows in six emerging countries that are due to the announcements of these countries' inclusion in two major local-currency sovereign debt indexes. We show that these...
Persistent link: https://www.econbiz.de/10013289107
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On the Speed of Transition Central Europe
Aghion, Philippe; Blanchard, Olivier J. - 2003
Transition in Central Europe is four years old. State firms which dominated the economy are struggling with market forces. A new private sector quickly emerged and has taken hold. Unemployment, which did not exist, is high and still increasing. Will this process of transition accelerate, or slow...
Persistent link: https://www.econbiz.de/10014089271
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Does Decreased Access to Emergency Departments Affect Patient Outcomes? Analysis of Ami Population 1996-2005
Shen, Yu-Chu - 2011
codes fixed-effects regression models on the following AMI outcomes: time-specific mortality rates, age, and probability of … PTCA on the day of admission. We find a small increase in 30-day to 1-year mortality rates among patients in communities … time, we find a substantial increase in long-term mortality rates, a shift to younger ages (suggesting that the older ones …
Persistent link: https://www.econbiz.de/10013131498
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Estimating the Value of a Statistical Life : The Importance of Omitted Variables and Publication Bias
Ashenfelter, Orley - 2011
In this paper we show that omitted variables and publication bias lead to severely biased estimates of the value of a statistical life. Although our empirical results are obtained in the context of a study of choices about road safety, we suspect that the same issues plague the estimation of...
Persistent link: https://www.econbiz.de/10013132340
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Scarring and Mortality Selection Among Civil War Pows : A Long-Term Mortality, Morbidity and Socioeconomic Follow-Up
Costa, Dora L. - 2010
mortality selection. The majority of empirical analyses find frailer survivors. I find heterogeneous effects. Among severely …. Among survivors to 1900, those younger than 30 at imprisonment faced higher older age mortality and morbidity and worse …
Persistent link: https://www.econbiz.de/10013135395
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Beyond GDP? Welfare Across Countries and Time
Jones, Charles I. - 2010
, leisure, mortality, and inequality, first for a narrow set of countries using detailed micro data, and then more broadly using … behind. Each component we introduce plays a significant role in accounting for these differences, with mortality being most …
Persistent link: https://www.econbiz.de/10013138316
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The Impact of Therapeutic Procedure Innovation on Hospital Patient Longevity : Evidence from Western Australia, 2000-2007
Lichtenberg, Frank R. - 2012
We investigate the effect of therapeutic procedure innovation in general on the longevity of all hospital patients, i.e. patients with a variety of medical conditions. The analysis is based on data on over one million discharges from public and private hospitals in Western Australia (WA) during...
Persistent link: https://www.econbiz.de/10013114013