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This paper places current efforts at international economic policy coordination in historical perspective. It argues that successful cooperation is most likely in four sets of circumstances. First, when it centers on technical issues. Second, when cooperation is institutionalized - when...
Persistent link: https://www.econbiz.de/10013091942
We review the evidence that artificial intelligence (AI) is having a large effect on the economy. Across a variety of …
Persistent link: https://www.econbiz.de/10012916895
The paper opens with a description of the salient features of the Israeli economy. These consist of a large government … indexation of both wages and long term financial commitments. A descriptive model of the economy is then presented, which … includes the particular asset menu of the Israeli economy, and its properties examined. Finally,the rrodel is used in analyzing …
Persistent link: https://www.econbiz.de/10014118833
This paper reviews six English-language books on the economy of Israel. Each book was written or edited by Israelis …, and each is from a different decade. The earliest book, Don Patinkin%u2019s The Israel Economy: The First Decade, was … written in the late 1950s, and the most recent volume, The Israeli Economy, 1985 - 1998: From Government Intervention to …
Persistent link: https://www.econbiz.de/10013220090
, and economic historians. Frequently used global data come from the Penn World Table (PWT) and the World Bank's World … Development Indicators; a substantial fraction of the world is also covered in the PPP accounts produced by the OECD and the …; version 7.0 of the Penn World Table will soon incorporate these results. The 2005 ICP, like earlier rounds, involved …
Persistent link: https://www.econbiz.de/10012758136
contracts in the absence of the rule of law. Economic theory has made less progress, however, on the thornier (but equally …
Persistent link: https://www.econbiz.de/10013223996
The paper argues that global financial factors played an important role in the capital-inflow episode in Emerging Market economies (EMs), during the early part of the 1990s, and clearly in the Sudden Stop (of capital inflows) crises that took place after the 1998 Russian crisis. Moreover, the...
Persistent link: https://www.econbiz.de/10013313675
(namely, from Cyprus and British Virgin Islands) across Russia and compare them with the benchmark group of genuine foreign … investors in Russia. We further study the determinants of the fraction of round-trip investment in total foreign investment in … large fraction of round-trip investment in Russia is concentrated in real estate and financial sectors, our results point to …
Persistent link: https://www.econbiz.de/10013082421
We consider a tractable model of heterogeneous production units that features endogenous entry and productivity investment to assess the quantitative impact of policy distortions on aggregate output and establishment size. Relative to the standard factor misallocation framework, policy...
Persistent link: https://www.econbiz.de/10012979762
a trio of terms pertaining to the economy, uncertainty and policy-related matters. The GEPU Index rises sharply in … Crisis in 2008-09, the European immigration crisis, concerns about the Chinese economy in late 2015, and the Brexit …
Persistent link: https://www.econbiz.de/10012981099