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country and time coverage as well as estimation methods, the review identifies the following policies most likely to promote …
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This paper calculates new measures of human capital. Contrary to the existing literature, they are based on realistic rates of return to education, which are allowed to vary substantially across countries and to some extent over time. The new measures perform well in regression analysis...
Persistent link: https://www.econbiz.de/10012202839
assess the effects of an uncertainty shock in the Euro area. This allows us to treat macroeconomic uncertainty as a latent … quantity during estimation. Only a limited number of contributions to the literature estimate uncertainty and its macroeconomic … consequences jointly, and most are based on single country models. We analyze the special case of a shock restricted to the Euro …
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