Showing 1 - 10 of 13
certain state (e.g. unemployment) to be eligible for a treatment, treatments may commence at different points in time, and the … earnings in subsequent employment. Any evaluation needs to take into account that some of those who are not trained at a … certain time in unemployment will leave unemployment before training while others will be trained later. We are interested in …
Persistent link: https://www.econbiz.de/10012388859
covariates are key confounders to be included inselection models. The joint inclusion of specific short-term employment history … indicators (notably, the share of time spent in employment), together with baseline socio-economic characteristics, regional and … approach provides accurate effect estimates, especially if time-varying variation in the unemployment rate of the local labor …
Persistent link: https://www.econbiz.de/10012660616
In this paper we outline a Pigovian tax-cum-subsidy scheme that deals with concerns about the costs and efficacy of hoarding international reserves (IR) as a means of self-insurance against a deleveraging crisis. We overview the degree to which IR provided self-insurance to Emerging Markets...
Persistent link: https://www.econbiz.de/10010287764
This paper studies the association between the current account and real estate valuation across countries, subject to data availability [43 countries, of which 25 are OECD], during 1990 - 2005. We find robust and strong positive association between current account deficits and the appreciation...
Persistent link: https://www.econbiz.de/10010285300
The end of the great moderation has profound implications on the assessment of fiscal sustainability. The pertinent issue goes beyond the increase in stock of public debt/GDP induced by the global recession, to include the perspective that the sustainability of a given public debt/GDP depends on...
Persistent link: https://www.econbiz.de/10010287758
The accumulated experience of emerging markets over the last two decades has laid bare the tenuous links between external financial integration and faster growth on the one hand and the proclivity of such integration to fuel costly crises on the other. These crises have not gone without...
Persistent link: https://www.econbiz.de/10010287769
The accumulated experience of emerging markets over the last two decades has laid bare the tenuous links between external financial integration and faster growth on the one hand and the proclivity of such integration to fuel costly crises on the other. These crises have not gone without...
Persistent link: https://www.econbiz.de/10010288154
This paper studies the patterns of fiscal stimuli in the OECD countries propagated by the global crisis. Overall, we find that the USA net fiscal stimulus was modest relative to peers, despite it being the epicenter of the crisis, and having access to relatively cheap funding of its twin...
Persistent link: https://www.econbiz.de/10010288157
The end of the great moderation has profound implications on the assessment of fiscal sustainability. The pertinent issue goes beyond the obvious increase in the stock of public debt/GDP induced by the global recession, to include the neglected perspective that the vulnerabilities associated...
Persistent link: https://www.econbiz.de/10010288164
cause of death with parents' labour market outcomes, health outcomes, marital status, and subsequent fertility. We exploit …
Persistent link: https://www.econbiz.de/10010321141