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In this paper we present a critical overview of differnt methods of constructing an equilibrium exchange rate. The … equilibrium exchange rate. Rather, we argue that the latter can only be recover from a model in which the real determinants of …, the internal-external balance approach to defining an equilibrium real exchange rate is disccused, and this method is …
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Policies and explicit incentives designed for self-regarding individuals sometimes are less effective or even counterproductive when they diminish altruism, ethical norms and other social preferences. Evidence from 51 experimental studies indicates that this crowding out effect is pervasive, and...
Persistent link: https://www.econbiz.de/10003879798
Policies and explicit private incentives designed for self-regarding individuals sometimes are less effective or even counterproductive when they diminish altruism, ethical norms and other social preferences. Evidence from 51 experimental studies indicates that this crowding out effect is...
Persistent link: https://www.econbiz.de/10003872219
Over the last decades, empirical research on subjective well-being in the social sciences has provided a major new stimulus to the discourse on individual happiness. Recently this research has also been linked to economics where reported subjective wellbeing is often taken as a proxy measure for...
Persistent link: https://www.econbiz.de/10003945996
This paper surveys the recent literature on the political economy of the formation of international environmental agreements. The survey covers theoretical modelling approaches and empirical studies including experimental work. Central to our survey is the question how the political process...
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