Showing 1 - 10 of 218
The Great War of 1914-18 constituted a major rupture for the economies of Europe in several respects. It marked the end of almost a century of uninterrupted economic growth. It ended a long period of near-universal currency stability, and set in motion a painful process of de-globalisation. It...
Persistent link: https://www.econbiz.de/10005870493
We investigate the information content of aggregate stock market liquidity and askwhether it may be a useful realtime indicator, both for nancial stress, and real economicactivity in Norway. We describe the development in a set of liquidity proxies at the OsloStock Exchange (OSE) for the period...
Persistent link: https://www.econbiz.de/10009305195
For over a decade, The Wall Street Journal and The Heritage Foundation, Washington's preeminent think tank, have tracked the march of economic freedom around the world with the influential Index of Economic Freedom. Since 1995, the Index has brought Smith's theories about liberty, prosperity and...
Persistent link: https://www.econbiz.de/10005842813
In this paper we question the consensus of using a binary crisisdefinition for empirical crisis models. We believe that the most severeshortcomings of the crisis models today are in the crisis definition rather than the explanatory variables ...
Persistent link: https://www.econbiz.de/10005843732
The aim of this paper is to account for both the short-run uctuations and thevery-long run transformations induced by technological change in analysing long-rungrowth patterns. The paper investigates the possible imprint left by short-run uctuationson the long run dynamics by aecting the...
Persistent link: https://www.econbiz.de/10009138616
In this essay I review Sylvia Nasar’s long awaited new history of economics, Grand Pursuit. Idescribe how the book is an economic history of the period from 1850-1950, withdistinguished economists’ stories inserted in appropriate places. Nasar’s goal is to show howeconomists work, but also...
Persistent link: https://www.econbiz.de/10009486990
Conducted by Israel's Central Bureau of Statistics, the labour force survey is the main source of information regarding the labour force in Israel.
Persistent link: https://www.econbiz.de/10009248764
When students themselves enjoy large degrees of freedom in determining the duration oftheir studies, it results in a fairly large degree of interindividual variance in terms of time-todegree.This paper investigates individual time-to-degree in a model where studentsdetermine the optimum...
Persistent link: https://www.econbiz.de/10005863027
This paper establishes the cyclical properties of a novel measure of worker reallocation: longdistancemigration rates within the US. This internal migration offers a bird’s eye view ofworker reallocation in the economy as long-distance migrants often change jobs oremployment status, altering...
Persistent link: https://www.econbiz.de/10005863031
This paper investigates some common determinants of default probability changes ofindividual firms using Standard & Poor's ratings database. We analyze and quantify the re-sponses of hazard rates to changes in various economic variables, namely financial markets,business cycle and credit...
Persistent link: https://www.econbiz.de/10005868979