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entered sports retail. Sports goods manufacturing is a focus area in the Foreign Trade Policy (2009-2014) and the government …Sports retail is a small but fast growing segment of modern retail in India. Recently, the country has been hosting … is taking a fresh look at the current foreign direct investment policy in retail. In the above context, this paper …
Persistent link: https://www.econbiz.de/10011807656
In December 2015, the Federal Reserve Board (FRB) initiated the process of "normalization," with the objective of gradually raising the federal funds rate back to "normal"-i.e., levels that are "neither expansionary nor contrary" and are consistent with the established 2 percent longer-run goal...
Persistent link: https://www.econbiz.de/10011784666
This paper shows how to combine microeconometric evidence on the effects of environmental policy with a macroeconomic model, accounting for general equilibrium spillovers that have mostly been ignored in the literature. To this end, we study the effects of a recent US air pollution policy. We...
Persistent link: https://www.econbiz.de/10014577341
difficulties. This study explores potential future employment dynamics across European industries and employment groups for the … period up to 2026 by drawing on past sectoral trends and the latest macroeconomic forecast results from the International …
Persistent link: https://www.econbiz.de/10014565947
trades, and convincing explanations of the persistence of the Indo-Central Asian trade (for example) despite the growing Indo …-European trade from the seventeenth-century. The customs-union model usefully approximates this trading-situation (i.e. the Europeans … the possibility for trade-creation (i.e. due to substitution between otherwise regionally-specialised production …
Persistent link: https://www.econbiz.de/10005870483
per capita incomes across economies and the spatial advance of free trade. For many economists and historians the two are … linked: the reduction of trade barriers in the post-war world ushered in a new era of globalisation and that globalisation in … then it would represent one of the most important transitions of the twentieth century. Free trade was championed by the …
Persistent link: https://www.econbiz.de/10005870584
Using a VAR model of the American economy from 1984 to 2003, we find that, contrary to official claims, the Federal … unemployment, in a way that suggests that a baseless fear of full employment is a principal force behind monetary policy. Tests of …
Persistent link: https://www.econbiz.de/10010273826
spending response to these holidays. Using a diff-in-diff methodology, we find that STHs increase overall daily spending by 8 …%, with large percentage increases in spending on children's clothes and shoes of 193% and 98% respectively. Consumers with … children increase spending more during STHs. Our estimates of price elasticities range from 6 for big box merchants to 30 for …
Persistent link: https://www.econbiz.de/10010292191
We provide evidence that the distributions of consumption, labor income, wealth, and capital income exhibit asymptotic power-law behavior with a strict ranking of upper tail inequality, in that order, from the least to the most unequal. We show analytically and quantitatively that the canonical...
Persistent link: https://www.econbiz.de/10014480446
This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK. The 'Great Recession' has been different from those that occurred in the 1980s and 1990s. It has been both deeper and longer, but also the composition of the cutbacks in...
Persistent link: https://www.econbiz.de/10010500198