Showing 1 - 10 of 1,305
In this paper we explore the response of the supply of human capital to changes in demand in the British Industrial Revolution. We use annual information from the Stamp Tax registers on apprentices in England between 1710-1803 and examine the response of tuitions to changes in the annual number...
Persistent link: https://www.econbiz.de/10013023338
This paper estimates the quarterly flow of migrants to the US working age population using data based on the Current Population Survey (CPS). The dynamic responses to immigration shocks are estimated in a vector autoregression. Immigration shocks, as well as technology shocks are identified...
Persistent link: https://www.econbiz.de/10011980497
Purpose - This study empirically aims to analyze the transmission of monetary policy in consideration of asymmetry based on the Bank of the Lao PDR (BOL)'s monetary policy tools and real and financial variables in the domestic market. Design/methodology/approach - This study adopts two...
Persistent link: https://www.econbiz.de/10014370312
Narratives that portray macroeconomic policies in Japan as unlike ones pursued in other large economies persist. I revisit how several factors, including monetary, fiscal, and demographic factors impact Japan, the US, and the euro area. Panel VARs driven by factors or observed macroeconomic...
Persistent link: https://www.econbiz.de/10014447638
Mortality risk models have been developed to capture trends and common factors driving mortality improvement. Multiple factor models take many forms and are often developed and fitted to older ages. In order to capture trends from young ages it is necessary to take into account the richer age...
Persistent link: https://www.econbiz.de/10014043913
The synchronous development of industrialization, urbanization, agricultural modernization and informatization is the … establishing the VAR model, we find that in the short term, industrialization is the Granger cause of urbanization; urbanization is … Granger cause of industrialization, informatization and urbanization; informatization is the Granger reason of …
Persistent link: https://www.econbiz.de/10011095862
Persistent link: https://www.econbiz.de/10014259004
This paper examines the feasibility of implementing Linear Quadratic Gaussian (LQG) Control in structural cointegrated VAR models and sheds some light on the two major problems generated by such implementation. The first aspect to be taken into account is the effect of the presence of unit roots...
Persistent link: https://www.econbiz.de/10009635883
Structural VARs have been extensively used in empirical macroeconomics during the last two decades, particularly in analyses of monetary policy. Existing Bayesian procedures for structural VARs are at best confined to a severly limited handling of cointegration restrictions. This paper extends...
Persistent link: https://www.econbiz.de/10009636519
One of the most difficult issues confronting that monetary authorities in many developing economies have to deal with is the management of a stable price environment. Inflation can create uncertainty, a low level of investment, and raise costs in general
Persistent link: https://www.econbiz.de/10008511941