Similar Search Results

Do land markets anticipate regulatory change? : evidence from Canadian conservation policy

Bošković, Branko; Nøstbakken, Linda - 2016

Regulation often evolves, and affected consumers or firms may adjust their behavior in anticipation of potential changes to regulation. Using shifting land use regulation boundaries and oil lease prices from Canada, we estimate the effect of anticipated regulatory change on the value of land. We...

Persistent link: https://www.econbiz.de/10011489414

A re-examination of the link between real exchange rates and real interest rate differentials

Hoffmann, Mathias; MacDonald, Ronald - 2003

The real exchange rate - real interest rate (RERI) relationship is central to most open economy macroeconomic models. However, empirical support for the relationship, especially when cointegrationbased methods are used, is rather weak. In this paper we reinvestigate the RERI relationship using...

Persistent link: https://www.econbiz.de/10011506475

What do we know about recent exchange rate models? : in-sample fit and out-of-sample performance evaluated

Cheung, Yin-Wong; Chinn, Menzie David; Pascual, Antonio … - 2003

Previous assessments of nominal exchange rate determination have focused upon a narrow set of models typically of the 1970 s vintage, including monetary and portfolio balance models. In this paper we re-assess the in-sample fit and out-of-sample prediction of a wider set of models that have been...

Persistent link: https://www.econbiz.de/10011507659

The political economy of EU enlargement : or, why Japan is not a candidate country?

Adam, Antonis; Moutos, Thomas - 2002

In this paper we argue that strong political economy forces explain the rush of the EU to expand eastwards. We use a model of vertical product differentiation in order to claim that technologically- advanced EU firms (residing in high-income member countries) prefer a mutual market-opening with...

Persistent link: https://www.econbiz.de/10011409769

International and intranational risk sharing

Crucini, Mario J.; Hess, Gregory D. - 1999

Japan and Canada. Second, following the work by Crucini (1998), we estimate an econometric specification which allows us to …

Persistent link: https://www.econbiz.de/10009781722

Credibility and transparency of Central Banks : new results based on Ifo s world economicy survey

Hamella, Sandra; Haan, Jakob de - 2004

This paper reports the results of a survey among private sector economists about credibility and transparency of central banks. In line with the survey of Alan Blinder among central bankers, we asked participants in Ifo s World Economic Survey to answer questions on the importance and...

Persistent link: https://www.econbiz.de/10011399168

Quantifying the EU-Japan economic partnership agreement

Felbermayr, Gabriel; Kimura, Fukunari; Okubo, Toshihiro; … - 2018

This paper provides a quantitative analysis of the new EU-Japan free trade agreement (FTA), the biggest bilateral deal … that both the EU and Japan have concluded so far. It employs a generalized variant of the Eaton-Kortum (2002) model … reductions in the costs of NTBs. This approach yields long-run welfare effects for Japan of about 18 bn. USD per year (0.31% of …

Persistent link: https://www.econbiz.de/10011903006

Policy mix and debt sustainability : evidence from fiscal policy rules

Claeys, Peter (contributor) - 2005

This paper characterises rules-based fiscal policy setting. Basically, we translate a standard monetary policy rule into a simple fiscal policy rule. We then infer on fiscal policymakers' reaction coefficients by testing the rule with GMM. Interaction is also tested directly by the inclusion of...

Persistent link: https://www.econbiz.de/10002578199

Will stability last?

Martin, Will (contributor); Rowthorn, Bob (contributor) - 2004

the last decade. Using stylised models of the economies of the US, Euro area, UK and Japan, we argue that economic …

Persistent link: https://www.econbiz.de/10002521030

Fertility, mortality, and the developed worlds̕ demographic transition

Fehr, Hans (contributor); Jokisch, Sabine (contributor); … - 2004

.S., Japan, and the EU-15 and incorporates age- and time-specific fertility and mortality rates, detailed fiscal institutions …

Persistent link: https://www.econbiz.de/10002521588