Showing 1 - 10 of 72
This paper investigates the causal effect of high school curriculum on various student outcomes including academic … attitudes towards studying and learning. We exploit a curriculum reform in China, the implementation of which started in 2004 … new curriculum pivoted away from the old lock-step course structure where all students took the same courses and only …
Persistent link: https://www.econbiz.de/10012919864
We study an intensive math instruction policy that assigned low-skilled 9th graders to an algebra course that doubled instructional time, altered peer composition and emphasized problem solving skills. A regression discontinuity design shows substantial positive impacts of double-dose algebra on...
Persistent link: https://www.econbiz.de/10013052505
, staggered introduction of the new curriculum across provinces allows us to identify the effects of the new educational content …. These changes were often effective: study under the new curriculum is robustly associated with changed views on political …
Persistent link: https://www.econbiz.de/10013054037
During the last three years New Zealand has faced increasingly large external imbalances. The current account deficit has increased from 4.3% of GDP in 2003 to almost 9.0% of GDP in 2005. During the same period the country's net international investment position (NIIP) went from a negative level...
Persistent link: https://www.econbiz.de/10012760610
Corporate managers who own a majority of the common stock in their company or who represent another firm owning such an interest appear to be less constrained than managers of diffusely held firms, yet their power to harm minority shareholders must be circumscribed by some organizational or...
Persistent link: https://www.econbiz.de/10012763829
We assess the power of forward guidance—promises about future interest rates—as a monetary tool in a liquidity trap using a quantitative incomplete-markets model. Our results suggest the effects of forward guidance are negligible. A commitment to keep future nominal interest rates low for a...
Persistent link: https://www.econbiz.de/10012921508
The 21st century global decline in productivity growth is not well understood. One possible contributor is a decline in economic dynamism. We explore the contribution of firm formation and employee movement to productivity using administrative data on the population of New Zealand construction...
Persistent link: https://www.econbiz.de/10012925878
Using original data from two waves of a survey conducted in March and April 2020 in eight OECD countries (N = 21,649), we show that women are more likely to see COVID-19 as a very serious health problem, to agree with restraining public policy measures adopted in response to it, and to comply...
Persistent link: https://www.econbiz.de/10012831280
Countries that specialize in commodity exports often exhibit a correlation between the relevant commodity price and the value of their currency. We explore a natural but little-studied explanation for this correlation. An increase in the commodity price leads to increases in the future values of...
Persistent link: https://www.econbiz.de/10012910649
We implement a new survey of firms, focusing on their higher-order macroeconomic expectations. The survey provides a novel set of stylized facts regarding the relationship between first-order and higher-order expectations of economic agents, including how they adjust their beliefs in response to...
Persistent link: https://www.econbiz.de/10012911492