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Real Versus Pseudo-International Systemic Risk : Some Lessons from History

Bordo, Michael D. - 1995

This paper considers the meaning of domestic and international systemic risk. It examines scenarios that have been … adduced as creating systemic risk both within countries and among them. It distinguishes between the concepts of real and … pseudo-systemic risk. We examine the history of episodes commonly viewed either as financial crises or as evidencing systemic …

Persistent link: https://www.econbiz.de/10012473496

Measuring Real Economic Effects of Bailouts : Historical Perspectives on How Countries in Financial Distress Have Fared With and Without Bailouts

Bordo, Michael D. - 2000

In this paper we first trace the changing nature of banking, currency and debt crises from the last century to the present. Each type of crisis has transmogrified in the presence of official intervention and the creation of a safety net. A similar pattern is observed for international rescue...

Persistent link: https://www.econbiz.de/10012471060

Do Some Enterprise Zones Create Jobs?

Kolko, Jed - 2009

We study how the employment effects of enterprise zones vary with their location, implementation, and administration, based on evidence from California. We use new establishment-level data and geographic mapping methods, coupled with a survey of enterprise zone administrators. Overall, the...

Persistent link: https://www.econbiz.de/10012463443

Risk and Exchange Rates

Obstfeld, Maurice - 1998

a sticky-price alternative to Lucas's (1982) exchage rate risk premium model. We show that the level risk premium' in …

Persistent link: https://www.econbiz.de/10012472119

Evaluating School-To-Work Programs Using the New NLSY

Neumark, David - 2000

offer to help students prepare for the world of work,' and an accompanying survey includes information on school …

Persistent link: https://www.econbiz.de/10012471042

The Employment Effects of Recent Minimum Wage Increases : Evidence from a Pre-specified Research Design

Neumark, David - 1999

This paper presents evidence on the employment effects of recent minimum wage increases from a pre-specified research design that entailed committing to a detailed set of statistical analyses prior to 'going to' the data. Despite the limited data to which the pre-specified research design can be...

Persistent link: https://www.econbiz.de/10012471616

Who Pays for and Who Benefits from Minimum Wage Increases? Evidence from Israeli Tax Data on Business Owners and Workers

Drucker, Lev - 2019

A key goal of a higher minimum wage is income redistribution towards low-income families. Existing research on the minimum wage focuses on the impact on affected workers, but is silent on the incomes of the owners of businesses who pay for a higher minimum wage. Higher minimum wages will do more...

Persistent link: https://www.econbiz.de/10012480515

The Econometrics and Economics of the Employment Effects of Minimum Wages : Getting from Known Unknowns to Known Knowns

Neumark, David - 2018

I discuss the econometrics and the economics of past research on the effects of minimum wages on employment in the United States. My intent is to try to identify key questions raised in the recent literature, and some from the earlier literature, which I think hold the most promise for...

Persistent link: https://www.econbiz.de/10012480696

Heterogeneous Effects of State Enterprise Zone Programs in the Shorter Run and Longer Run

Neumark, David - 2020

We take up two questions that have not been explored in research on enterprise zones. First, does a considerably longer-run perspective on the effects of state enterprise zones lead to different answers? And second, are there heterogeneous effects of enterprise zones that depend on the set of...

Persistent link: https://www.econbiz.de/10012481400

How New Fed Corporate Bond Programs Dampened the Financial Accelerator in the Covid-19 Recession

Bordo, Michael D. - 2020

forthcoming corporate bond backstop facilities have capped risk premia at levels 100 basis points above non-recession averages …

Persistent link: https://www.econbiz.de/10012482316

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