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The Transformation and Performance of Emerging Market Economies Across the Great Divide of the Global Financial Crisis
Bordo, Michael D. - 2019
The process of central bank (CB) evolution by emerging market economies (EMEs), including central bank independence (CBI) and transparency (CBT), converged towards that of the advanced economies (AEs) before the Global Financial Crisis (GFC) of 2007-2008. It was greatly aided by the adoption of...
Persistent link: https://www.econbiz.de/10012861733
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Academic Dynasties : Decentralization and Familism in the Italian Academia
Durante, Ruben - 2011
Decentralization can lead to "good" or "bad" outcomes depending on the socio-cultural norms of the targeted communities. We investigate this issue by looking at the evolution of familism and nepotism in the Italian academia before and after the 1998 reform, which decentralized the recruitment of...
Persistent link: https://www.econbiz.de/10013118835
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Price Setting in a Leading Swiss Online Supermarket
Berka, Martin - 2011
We study a newly released data set of scanner prices for food products in a large Swiss online supermarket. We find that average prices change about every two months, but when we exclude temporary sales, prices are extremely sticky, changing on average once every three years. Non-sale price...
Persistent link: https://www.econbiz.de/10013123701
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The Changing Role of Government in Financing Health Care : An International Perspective
Stabile, Mark - 2013
This paper explores the changing role of government involvement in health care financing policy outside the United States. It provides a review of the economics literature in this area to understand the implications of recent policy changes on efficiency, costs and quality. Our review reveals...
Persistent link: https://www.econbiz.de/10013075869
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Are Shocks to the Terms of Trade Shocks to Productivity?
Kehoe, Timothy J. - 2007
International trade is frequently thought of as a production technology in which the inputs are exports and the outputs are imports. Exports are transformed into imports at the rate of the price of exports relative to the price of imports: the reciprocal of the terms of trade. Cast this way, a...
Persistent link: https://www.econbiz.de/10012776937
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Exchange Rates and Casualties During the First World War
Hall, George J. - 2002
I estimate two factor models of Swiss exchange rates during the FirstWorldWar. I have data for five of the primary belligerents: Britain, France, Italy, Germany, and Austria-Hungary. At the outbreak of the war, these nations suspended convertibility of their currencies into gold with the promise...
Persistent link: https://www.econbiz.de/10012787085
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Identifying the Effect of Election Closeness on Voter Turnout : Evidence from Swiss Referenda
Bursztyn, Leonardo - 2017
We provide evidence of a causal effect of anticipated election closeness on voter turnout, exploiting the precise day-level timing of the release of Swiss national poll results for high-stakes federal referenda, and a novel dataset on daily mail-in voting for the canton of Geneva. Using an event...
Persistent link: https://www.econbiz.de/10012954458
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Exchange Rate Policies at the Zero Lower Bound
Amador, Manuel - 2017
We study the problem of a monetary authority pursuing an exchange rate policy that is inconsistent with interest rate parity because of a binding zero lower bound constraint. The resulting violation in interest rate parity generates an inflow of capital that the monetary authority needs to...
Persistent link: https://www.econbiz.de/10012960173
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The Abolition of Immigration Restrictions and the Performance of Firms and Workers : Evidence from Switzerland
Beerli, Andreas - 2018
We study a reform that granted European cross-border workers free access to the Swiss labor market and had a stronger effect on regions close to the border. The greater availability of cross-border workers increased foreign employment substantially. Although many cross-border workers were highly...
Persistent link: https://www.econbiz.de/10012907146
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Swiss Exchange Rate Policy in the 1930s. Was the Delay in Devaluation Too High a Price to Pay for Conservatism?
Bordo, Michael D. - 2010
In this paper we examine the experience of Switzerland's devaluation in 1936. The Swiss case is of interest because … Switzerland was a key member of the gold bloc, and much of the modern academic literature on the Great Depression tries to explain … why Switzerland and the other gold bloc countries, France, and the Netherlands, remained on the gold standard until the …
Persistent link: https://www.econbiz.de/10012760674