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determines a bias in the relative employment of skilled versus unskilled workers. Using a balanced panel of firm-based data …, although weak, skill bias effect of production offshoring on the labor-force composition of Italian manufacturing: in … skill ratio, we find that the skill bias effect is primarily driven by a fall in the employment of production workers, while …
Persistent link: https://www.econbiz.de/10010312528
that only export abroad. Second, firms that engage in final goods off-shoring are more productive than firms that engage in … inputs off-shoring. Third, in terms of the productivity dynamics over the period 1998-2003, exporters' performance in Italy …
Persistent link: https://www.econbiz.de/10010270935
This paper provides an exploratory analysis on the relationship between educational qualification and work status in Italy, with a particular focus on entrepreneurs and self-employed workers. Rough data are drawn from four waves (1995, 1998, 2002, and 2004) of the Survey of Household Income and...
Persistent link: https://www.econbiz.de/10010312463
Monetary policy in the US is characterized by a substantial degree of inertia. While in principle this may well be the outcome of an optimizing central bank behavior, the ability of any derived policy rule to match the data relies on so large weights for interest rate smoothing into policy...
Persistent link: https://www.econbiz.de/10011608851
Successful descriptions of short-term nominal interest rates inertial behavior have frequently been obtained with small scale macro models in which a Central Banker minimizes a loss function embedding an argument labelled as interest rate smoothing. The rationale for this argument is not...
Persistent link: https://www.econbiz.de/10011325035
The design of monetary policy depends upon the targeting strategy adopted by the central bank. This strategy describes a set of policy preferences, which are actually the structural parameters to analyse monetary policy making. Accordingly, we develop a novel calibration method to identify...
Persistent link: https://www.econbiz.de/10011335670
This paper investigates the empirical relevance of a new framework for monetary policyanalysis in which decision makers are allowed to weight differently positive and negative deviations of inflation and output from the target values. The specification of the central bank objective is general...
Persistent link: https://www.econbiz.de/10011335732
Persistent link: https://www.econbiz.de/10011475457
Persistent link: https://www.econbiz.de/10011475469
die USA, den Euroraum, Japan und Großbritannien spezifiziert. Während die Geldpolitik keinen Einfluss auf die Entwicklung … would be likely more restrictive and could bear the risk of significant losses in output and employment. This paper examines …
Persistent link: https://www.econbiz.de/10010377866