Showing 1 - 10 of 76
This four-chapter overview of basic exchange rate theories discusses (i) the elasticity and absorption approach, (ii) the (long-run) implications of the monetary approach, (iii) the short-run effects of monetary and fiscal policy under various economic conditions, and (iv) the transition from...
Persistent link: https://www.econbiz.de/10005144534
This four-chapter overview of basic exchange rate theories discusses (i) the elasticity and absorption approach, (ii) the (long-run) implications of the monetary approach, (iii) the short-run effects of monetary and fiscal policy under various economic conditions, and (iv) the transition from...
Persistent link: https://www.econbiz.de/10011257400
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the … of education reduces the private return by 2 percentage points, consistent with Katz-Murphy's (1992) elasticity of …
Persistent link: https://www.econbiz.de/10005042232
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the … of education reduces the private return by 2 percentage points, consistent with Katz-Murphy's (1992) elasticity of …
Persistent link: https://www.econbiz.de/10011255487
Journal of Economics"</A>, 112(3), 618-39.<P>The perpetual inventory method used for the construction of education data per …. There is a systematic difference in the education level between census data and observations constructed from enrolment data …
Persistent link: https://www.econbiz.de/10011256269
The perpetual inventory method used for the construction of education data per country leads to systematic measurement … education level between census data and observations constructed from enrolment data. We discuss a methodology for correcting …
Persistent link: https://www.econbiz.de/10005137275
firm growth, survival, size and age. While these studies have resulted in findings that are sufficiently consistent as to … relationships between firm age and size on the one hand, and survival and growth on the other may, in fact, not be the same in … services. The results suggest that the most fundamental relationships between firm size, age, survival and growth are …
Persistent link: https://www.econbiz.de/10005795570
In recent years there has been a growing interest in the impact of inequality on economic growth. Both theoretical and … part of the literature that considers inequality detrimental to growth, more recent studies have challenged this result and … found a positive effect of inequality on growth. This paper contributes to the debate by using meta-analytical techniques to …
Persistent link: https://www.econbiz.de/10005209497
achieving high output growth. It is argued that due to the forward looking nature of the foreign exchange market, exchange rate …
Persistent link: https://www.econbiz.de/10005282044
We analyze how the threat of a potential future regime shift affects optimal management. We use a simple general growth …
Persistent link: https://www.econbiz.de/10008838597