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This paper uses highly detailed, quarterly data for five major industrialized economies to estimate the impact of macroeconomic fluctuations on import protection policies over 1988:Q1 - 2010:Q4. First, estimates on a pre-Great Recession sample of data provide evidence of two key relationships....
Persistent link: https://www.econbiz.de/10010292150
in the well-known Lee-Carter model. Significant correlations are found with real GDP growth rates in Australia, Canada …, and the United States, and with unemployment rate changes in Japan, for the period 19502005. In recent years, the …
Persistent link: https://www.econbiz.de/10010265670
that have relatively similar backgrounds and tax systems: Australia, Canada, New Zealand, the UK, and the US. The first …
Persistent link: https://www.econbiz.de/10010270632
Persistent link: https://www.econbiz.de/10011695639
A popular interpretation of the Rational Expectations/Efficient Markets hypothesis states that, if the hypothesis holds, then market valuations must follow a random walk. This postulate has frequently been criticized on the basis of empirical evidence. Yet the assertion itself incurs what we...
Persistent link: https://www.econbiz.de/10010309044
) shows that this constraint might well bind: insured could get higher expected utility if insurance contracts would allow … optimal insurance contract he derives underestimates the relevance of the non-negativity constraint on indemnities. This paper …
Persistent link: https://www.econbiz.de/10010315496
current estimates of the output gap in Canada. We begin by assembling a new data base of quarterly realtime output estimates …
Persistent link: https://www.econbiz.de/10010295656
, the lead in this technology is now being seized by key players across Asia - reaching from Saudi Arabia to Japan. Unlike … materials. For Germany and Europe, the developments imply a need for more pragmatism in climate diplomacy and policy instruments …
Persistent link: https://www.econbiz.de/10015053606
Persistent link: https://www.econbiz.de/10014306481
.S. (i.e., forward-looking monetary policy), but not in Japan. The central banks in both countries react sharply to demand …
Persistent link: https://www.econbiz.de/10010277802