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The paper evaluates the performance of three popular monetary policy rules when the central bank is learning aboutthe parameter values of a simple New Keynesian model. The three policies are: (1) the optimal non-inertial rule; (2)the optimal history-dependent rule; (3) the optimal price-level...
Persistent link: https://www.econbiz.de/10005870371
New data on individual worker’s outputs show that New England ring spinners exhibited substantial on the job learning c …
Persistent link: https://www.econbiz.de/10005870600
Virtual assignments are characterized by the spatial separation of private and business life.The virtual delegate lives and interacts in one culture, yet he or she works together mainlywith people from another culture. While the virtual assignee is physically located in theheadquarters, from an...
Persistent link: https://www.econbiz.de/10005869234
ability, and the choice of education is determined endogenously. Job opportunities in an informal sector are available only to … workers who choose not to acquire higher education. We find that increased punishment of informal activities increases the …
Persistent link: https://www.econbiz.de/10010321585
more likelihood of peermonitoring, as well as improved worker outcomes, including enhanced job satisfaction and …
Persistent link: https://www.econbiz.de/10009360481
This paper examines the causal link between education and democracy. Motivated by a model whereby educated individuals …, the empirical analysis uses World Values Surveys to study the link between education and democratic attitudes. Controlling … for a variety of characteristics, the paper finds that higher education levels tend to result in prodemocracy views. These …
Persistent link: https://www.econbiz.de/10010278288
This paper examines whether a greater concentration of foreigners increases the likelihood of unemployment in local … labor markets among citizens of the European Community. It provides the results of probit equations estimating the … labor markets. The estimates show a statistically significant, but weak, negative connection between the concentration of …
Persistent link: https://www.econbiz.de/10010334365
individuals and the prevailing unemployment rate in the country impact perceptions of the effectiveness of democracy. We find that … effectiveness of democracy as system of governance are also shaped by the unemployment rate in countries with low levels of … democracy. The results suggest that periods of high unemployment and joblessness would hinder the development of democracy. …
Persistent link: https://www.econbiz.de/10010275894
choice of education is determined endogenously. Job opportunities in an informal sector are available only to workers who … choose not to acquire higher education. We find that increased punishment of informal activities increases the number of …
Persistent link: https://www.econbiz.de/10010321099
targeting affect unemployment, economic growth and the output gap. The results show that inflation targeting causes no harm to … employment in developing and emerging countries. On the contrary, it might reduce average unemployment and narrow the output gap …
Persistent link: https://www.econbiz.de/10010293308