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This paper analyzes the distributive impacts of violent conflicts, which is in contrast to previous literature that has focused on the other direction. We use cross-country panel data for the time period 1960-2005 to estimate war-related changes in income inequality. Our results indicate rising...
Persistent link: https://www.econbiz.de/10010271373
We develop a roadmap of how the ECB should further reduce the volume of money (money supply) and roll back credit easing in order to prevent inflation. The exits should be step-by-step rather than one-off. Communicating about the exit strategy must be an integral part of the exit strategy. Price...
Persistent link: https://www.econbiz.de/10010271374
We investigate the role of crude oil spot and futures prices in the process of price discovery by using a cost-of-carry model with an endogenous convenience yield and daily data over the period from January 1990 to December 2008. We provide evidence that futures markets play a more important...
Persistent link: https://www.econbiz.de/10010271375
This paper conducts a cross-national econometric analysis of intra-family location and caregiving patterns. First, we assess, from an international perspective, the relationship between family structure and the geographic proximity between adult children and their parents. We then examine...
Persistent link: https://www.econbiz.de/10010271386
This paper analyzes the link between firm size and the investment in job training by employers. Using a large firm level data set across 99 developing countries, we show that a strong and positive correlation in the investment in job training and firm size is a robust statistical finding both...
Persistent link: https://www.econbiz.de/10010271392
This paper adopts the Hausman-Taylor 2SLS error components approach in estimating the determinants of China's Intra-Industry Trade (IIT) in the capital goods sector with its 26 partner countries. It disaggregates IIT into horizontal IIT (HIIT) and vertical IIT (VIIT). Capital goods final...
Persistent link: https://www.econbiz.de/10010271398
This paper analyzes the risk properties of typical asset-backed securities (ABS), like CDOs or MBS, relying on a model …, and macro factor dependencies. Using a two-dimensional loss decomposition as a new metric, the risk properties of … Carlo Simulation, we find that the risk properties of ABS differ significantly and systematically from those of straight …
Persistent link: https://www.econbiz.de/10010271455
Persistent link: https://www.econbiz.de/10010271501
Persistent link: https://www.econbiz.de/10010271513
Persistent link: https://www.econbiz.de/10010271517