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Does Reform Work? An Econometric Examination of the Reform-Growth Puzzle

Babetskii, Ian; Campos, Nauro F - C.E.P.R. Discussion Papers - 2007

conditions are main factors in decreasing the probability of reporting a significant and positive effect of reform on growth. …

Persistent link: https://www.econbiz.de/10005661444

Asset Market Linkages in Crisis Periods

Vries, Casper G de; Hartmann, Philipp; Straetmans, Stefan - C.E.P.R. Discussion Papers - 2001

We characterize asset return linkages during periods of stress by an extremal dependence measure. Contrary to correlation analysis, this non-parametric measure is not predisposed towards the normal distribution and can account for non-linear relationships. Our estimates for the G-5 countries...

Persistent link: https://www.econbiz.de/10005661503

Disentangling Treatment Effects of Polish Active Labour Market Policies: Evidence from Matched Samples

Kluve, Jochen; Lehmann, Hartmut; Schmidt, Christoph M - C.E.P.R. Discussion Papers - 2002

market status. Our findings suggest that Training raises employment probability, while Intervention Works seems to lead to a …

Persistent link: https://www.econbiz.de/10005661546

Fundamentals and Joint Currency Crises

Vries, Casper G de; Hartmann, Philipp; Straetmans, Stefan - C.E.P.R. Discussion Papers - 2004

crisis levels, the probability that the other currency breaks down as well vanishes asymptotically if the fundamentals … probability that the other currency breaks down as well remains strictly positive even in the limit. This result implies that …

Persistent link: https://www.econbiz.de/10005661842

A Time-Frequency Analysis of the Coherences of the US Business Cycle and the European Business Cycle

Hughes Hallett, Andrew; Richter, Christian - C.E.P.R. Discussion Papers - 2004

The search for and dating of a possible european business cycle, has been inconclusive. At this stage, there is no consensus on the existence of such a cycle, or of its periodicity and amplitude, or of the relationship of individual member countries to that cycle. Yet cyclical convergence is the...

Persistent link: https://www.econbiz.de/10005667009

Women's Employment Transitions Around Childbearing

Dex, Shirley; Joshi, Heather; Macran, Susan - C.E.P.R. Discussion Papers - 1996

The dynamics of women’s labour supply are examined at a crucial stage of the life-cycle. This paper uses the longitudinal employment history records for 3,893 33-year-old mothers in the 5th sweep of the 1958 National Child Development Study cohort. Models of binary recurrent events are...

Persistent link: https://www.econbiz.de/10005791234

Third Births in Austria: the Effect of Public Policies, Educational Attainment and Labour-Force Attachment

Fürnkranz-Prskawetz, Alexia; Hoem, Jan Michael; Neyer, … - C.E.P.R. Discussion Papers - 1999

Total fertility in Austria has declined slowly but persistently from about 1.7 in the late 1970s to around 1.4 in the mid-90s, a reduction of less than twenty percent. As we show in this paper, a much stronger reduction (over fifty percent) occured over the same period in the standardized rate...

Persistent link: https://www.econbiz.de/10005124433

Escaping Nash and Volatile Inflation

Ellison, Martin; Yates, Tony - C.E.P.R. Discussion Papers - 2007

fall in inflation in the 1980s was attributed to the changing beliefs informing monetary policy. To explain the escape in …

Persistent link: https://www.econbiz.de/10005504556

Learning to open up: Capital account liberalizations in the post-Bretton Woods era

Bicaba, Zorobabel T.; Coricelli, Fabrizio - C.E.P.R. Discussion Papers - 2015

learning by policymakers, who update their beliefs on the basis of their own experience and of the policies adopted by other … explains more than 90% of the variability of capital account policies. We find that over time beliefs about the growth effects … have changed slowly and not smoothly from negative to positive. However, at the outset of the Great Recession beliefs on …

Persistent link: https://www.econbiz.de/10011165647

Forbidden Fruits: The Political Economy of Science, Religion, and Growth

Bénabou, Roland; Ticchi, Davide; Vindigni, Andrea - C.E.P.R. Discussion Papers - 2015

We analyze the joint dynamics of religious beliefs, scientific progress and coalitional politics along both religious … but sometimes erode religious beliefs; (ii) a government, endogenously in power, that can allow such innovations to spread …

Persistent link: https://www.econbiz.de/10011262883