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It is neither likely nor desirable for central banks to exit from unconventional monetary policies in the near future. However, it is important that central banks develop an exit strategy, evaluate the merits of new and old monetary policy tools and communicate with the public so as to maintain...
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This paper presents an empirical analysis of “outsourcing” using establishment level data for UK manufacturing … industries. We analyse an establishment’s decision to outsource and the subsequent effects of outsourcing on the establishment …’s productivity. We compare outsourcing in domestic with foreign-owned establishments. Our empirical results suggest that high wages …
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