Showing 1 - 10 of 114
This study approaches the Quantity Theory of Money at a conceptual level, asking how it can be most reasonably interpreted and quantitatively assessed. The resulting approach is straightforward. Unlike studies relying on other methods we find evidence of its linchpin prediction that is not...
Persistent link: https://www.econbiz.de/10008534035
We use a macro-theory framework of analysis to assess Greek macro-policy with emphasis on the period of the Greek debt crisis. The latter is mainly the result of misguided past internal policies deviating from the policy lessons of modern macroeconomics. The current policy, however, provides a...
Persistent link: https://www.econbiz.de/10010948838
This study approaches the Quantity Theory of Money at a conceptual level, asking how it can be most reasonably interpreted and quantitatively assessed. The resulting approach is straightforward. Unlike studies relying on other methods we find evidence of its linchpin prediction that is not...
Persistent link: https://www.econbiz.de/10013316221
We use a macro-theory framework of analysis to assess Greek macro-policy with emphasis on the period of the Greek debt crisis. The latter is mainly the result of misguided past internal policies deviating from the policy lessons of modern macroeconomics. The current policy, however, provides a...
Persistent link: https://www.econbiz.de/10013045924
This paper estimates a nonlinear Threshold-VAR to investigate if a Keynesian liquidity trap due to a speculative motive was in place in the U.S. Great Depression and the recent Great Recession. We find clear evidence in favor of a breakdown of the liquidity effect after an unexpected increase in...
Persistent link: https://www.econbiz.de/10012914605
We propose an innovation-driven growth model in which education is determined by family background and cognitive … ability. We show that compulsory schooling can move a society from elite education to mass education, which then triggers …, compulsory education is implemented first and triggers the onset of market R&D. According to the British way, market R&D is …
Persistent link: https://www.econbiz.de/10013009852
enter (primary) school. Early age at school entry significantly affects mobility and reduces the relative advantage of …
Persistent link: https://www.econbiz.de/10012764966
Value-added data are an increasingly common evaluation tool for schools and teachers. Many school districts have … analysis is the first in the school valuation literature to examine property value responses to a value-added information shock …, which is of interest as this measure is less correlated with demographics than typical school quality measures. Unique to …
Persistent link: https://www.econbiz.de/10013086604
In this paper, we study how high school students reacted to the shocking news of a school shooting. The shooting … coincided with national high-school matriculation exams. As there were exams both before and after the shooting, we can use a … difference-in-differences analysis to uncover how the school shooting affected the test scores compared to previous years. We …
Persistent link: https://www.econbiz.de/10013141189
This study estimates the effect of compulsory schooling on earnings. For identification, I exploit a German reform that extended the duration of secondary schooling in the 1960s. I find that hourly wages increase by 6%-8% per additional year of schooling. This result challenges prior findings...
Persistent link: https://www.econbiz.de/10012908790