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Subjective Well-Being and Income: Is There Any Evidence of Satiation?

Stevenson, Betsey; Wolfers, Justin - 2013

Many scholars have argued that once basic needs have been met, higher income is no longer associated with higher in subjective well-being. We assess the validity of this claim in comparisons of both rich and poor countries, and also of rich and poor people within a country. Analyzing multiple...

Persistent link: https://www.econbiz.de/10010319466

Family Ties

Alesina, Alberto; Giuliano, Paola - 2013

, constructed from the World Values Survey, to review and extend the literature on the effect of family ties on economic behavior …

Persistent link: https://www.econbiz.de/10010319597

Politics and IMF conditionality

Dreher, Axel; Sturm, Jan-Egbert; Vreeland, James Raymond - 2013

Bailouts sponsored by the International Monetary Fund (IMF) are famous for their conditionality: in return for …

Persistent link: https://www.econbiz.de/10010319706

Forecasting high-yield bond spreads using the loan market as leading indicator

Simmons-Süer, Banu - 2013

This paper attempts to find an aggregate leading indicator to predict the spreads observed for high-yield (HY) bond indices. Using a vector error correction (VEC) specification for quarterly data, we establish a long-term equilibrium relationship between the HY market spreads and its...

Persistent link: https://www.econbiz.de/10010319718

The golden hello and political transitions

Aidt, Toke; Albornoz, Facundo; Gassebner, Martin - 2012

We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version … anticipation of new loans from international financial institutions can trigger political transitions which would not otherwise … have taken place. We test this unexplored implication of the theory empirically. We find in a world sample from 1970 to …

Persistent link: https://www.econbiz.de/10010319723

Why do trade negotiations take so long?

Moser, Christoph; Rose, Andrew K. - 2012

The Doha multilateral round of trade negotiations sponsored by the WTO has been dragging on for over a decade, with no end in sight. In this short paper we assess empirically what determines the duration of trade negotiations, focusing on the span between the start of trade talks and their...

Persistent link: https://www.econbiz.de/10010319735

On the estimation stability of efficiency and economies of scale in microfinance institutions

Bolli, Thomas - 2012

This paper uses a panel data set of microfinance institutions (MFI) across the world to compare several identification …

Persistent link: https://www.econbiz.de/10010319737

Is the clean development mechanism effective for emission reductions?

Huang, Yongfu; He, Jingjing; Tarp, Finn - 2012

the CDM host countries. It has important policy implications that encourage the international community to support …

Persistent link: https://www.econbiz.de/10010319825

The LIBOR mechanism and related games

Diehl, Christoph - 2013

The London InterBank Offered Rate (LIBOR) is the most important set of interest rate benchmarks. Recently there have been reports about systematic manipulation of the LIBOR. We thus investigate incentives and possibilities to rig the LIBOR or related statistics for quote submitting panel banks....

Persistent link: https://www.econbiz.de/10010319984

Fracking, globale Energiemärkte und die zukünftige Klimapolitik

Delzeit, Ruth; Klepper, Gernot; Lange, Mareike - 2013

[Einleitung] Chancen und Risiken der Gewinnung von Erdgas oder -öl aus unkonventionellen Lagerstätten und das dabei zum Einsatz kommende Verfahren des Hydraulic Fracturing (Fracking, deutsch: aufbrechen) werden derzeit in der Politik und Öffentlichkeit intensiv diskutiert. Als...

Persistent link: https://www.econbiz.de/10010320009