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Poisoned Grapes, Mad Cow, and Protectionism
Engel, Eduardo M. R. A. - 2021
British beef exports did not constitute a protectionist measure, while the US ban on Chilean fruit possibly classifies as such …
Persistent link: https://www.econbiz.de/10013220395
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Cattle Cycles
Rosen, Sherwin; Murphy, Kevin M.; Scheinkman, José - 2022
U.S. beef cattle stocks are among the most periodic time-series in economics. A theory of cattle cycles is constructed … the demographic structure of the herd to respond cyclically to exogenous shocks in demand for beef and in production costs … evolution of cattle stock and beef consumption. These compare very closely to structural econometric time-series estimates over …
Persistent link: https://www.econbiz.de/10013308616
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Inflation-Indexed Bonds and the Expectations Hypothesis
Pflueger, Carolin E. - 2011
This paper empirically analyzes the Expectations Hypothesis (EH) in inflation-indexed (or real) bonds and in nominal bonds in the US and in the UK. We strongly reject the EH in inflation-indexed bonds, and also confirm and update the existing evidence rejecting the EH in nominal bonds. This...
Persistent link: https://www.econbiz.de/10013127982
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School Admissions Reform in Chicago and England : Comparing Mechanisms by Their Vulnerability to Manipulation
Pathak, Parag A. - 2011
In Fall 2009, officials from Chicago Public Schools changed their assignment mechanism for coveted spots at selective college preparatory high schools midstream. After asking about 14,000 applicants to submit their preferences for schools under one mechanism, the district asked them re-submit...
Persistent link: https://www.econbiz.de/10013130257
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Inflation Targeting
Svensson, Lars E. O. - 2011
Inflation targeting is a monetary-policy strategy that is characterized by an announced numerical inflation target, an implementation of monetary policy that gives a major role to an inflation forecast and has been called forecast targeting, and a high degree of transparency and accountability....
Persistent link: https://www.econbiz.de/10013131986
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The State of Corporate Governance Research
Bebchuk, Lucian A. - 2011
This paper, which introduces the special issue on corporate governance co-sponsored by the Review of Financial Studies and the National Bureau of Economic Research (NBER), reviews and comments on the state of corporate governance research. The special issue features seven papers on corporate...
Persistent link: https://www.econbiz.de/10013134144
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Long-Run PPP May Not Hold after All
Engel, Charles M. - 2010
Recent tests using long data series find evidence in favor of long-run PPP (by rejecting either the null hypothesis of unit roots in real exchange rates or the null of no cointegration between nominal exchange rates and relative prices.) These tests may have reached the wrong conclusion. Monte...
Persistent link: https://www.econbiz.de/10013135309
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Analyzing Compensation Methods in Manufacturing : Piece Rates, Time Rates, or Gain-Sharing?
Helper, Susan - 2010
Economists have often argued that "pay for performance" is the optimal compensation scheme. However, use of the simplest form of pay for performance, the piece rate, has been in decline in manufacturing in recent decades. We show both theoretically and empirically that these changes are due to...
Persistent link: https://www.econbiz.de/10013135877
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Government, Openness and Finance : Past and Present
Demetriadis, Panicos - 2010
We explore the role of government in the nexus of finance and trade starting from the earliest days of organised finance in England and then broadening the analysis to 84 countries from 1960 to 2004. For 18th century England, we find that the government expenditures and international trade did...
Persistent link: https://www.econbiz.de/10013137020
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Precautionary Hoarding of Liquidity and Inter-Bank Markets : Evidence from the Sub-Prime Crisis
Acharya, Viral V. - 2010
We study the liquidity demand of large settlement banks in the UK and its effect on the Sterling Money Markets before and during the sub-prime crisis of 2007-08. Liquidity holdings of large settlement banks experienced on average a 30% increase in the period immediately following 9th August,...
Persistent link: https://www.econbiz.de/10013137765