We conduct a case study of the linkages of task organization, human capital accumulation and wages in Morocco, using matched worker-firm data for Electrical-mechanical and Textile-clothing industries. In order to integrate task organization into the interacting processes of workers’ training...

This paper deals with the implications of factor demand linkages for monetary policy design. We develop a dynamic general equilibrium model with two sectors that produce durable and non-durable goods, respectively. Part of the output produced in each sector is used as an intermediate input of...

We propose a root n consistent estimator for B0 when the qth conditional quantile of Y given X=x and Z=z takes the semi linear form g(x)+z'B0 where g(.) is an un- known real valued function,B0 a finite dimensional parameter and (X,Z) a couple of explanatory variables. Importantly, our estimator...

This paper develops a trade model with firm-specifc quality heterogeneity, limit pricing, and an endogenous distribution of markups. Exposure to trade induces only the firms producing high-quality (high-price) products to enter the export markets, whereas firms producing low-quality (low-price)...

It is widely reported in the literature that it is not possible to test nonmarket good preference restrictions against revealed preference. While it is clearly impossible to affirm any particular preference restriction as being “true,” it is possible to show that a preference restriction is...

We show how to implement inflation forecast targeting using a VAR model and derive the implied inflation-output variability frontier. Our approach is based on dynamic, stochastic simulations of the average inflation rate over a two-year horizon using the moving average representation of the VAR...

This paper investigates the financial and housing wealth effects on aggregate private consumption in Turkey for the period 1987-2007. Given the lack of data, the study proposes an innovative method to construct a proxy for the housing wealth series. A long-run equilibrium relationship between...

We provide a comprehensive empirical analysis of the links between international services outsourcing, wages and innovation using plant level data covering the period 2000 to 2004. Somewhat consistent with the predictions of recent theory, we observe a positive relationship between international...