Showing 1 - 10 of 216
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/10003949071
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/10010412757
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/10011863616
Macroeconomic theory has developed into increasingly sophisticated mathematical models. In the words of Mankiw, macroeconomics has developed from engineering into science. The Global Financial Crisis (GFC) revealed that the empirical relevance and the usefulness of these models is debatable. Why...
Persistent link: https://www.econbiz.de/10012211109
primary school enrollment cutoff dates with micro data from the German Socioeconomic Panel (SOEP). Using a regression … discontinuity design around the school enrollment cutoff and an instrumental variable approach I show that children’s schooling …
Persistent link: https://www.econbiz.de/10015178427
all due to differences in what students bring with them to school - socio-economic background, cultural factors, and the … like? Or do school systems make a difference? This essay argues that differences in features of countries' school systems … uses the framework of an education production function to provide descriptive analysis of the extent to which different …
Persistent link: https://www.econbiz.de/10011489307
This paper evaluates a widely used, low stakes, teacher peer-to-peer observation and feedback program under Randomized Control Trial (RCT) conditions. Half of 181 volunteer primary schools in England were randomly selected to participate in a two-year program in which three fourth and fifth...
Persistent link: https://www.econbiz.de/10012200313
knowledge. We show that achievements of low ability students may be higher in a comprehensive school system, even if there are … neither synergy effects nor interdependent preferences among classmates. This arises because the comprehensive school sets a …
Persistent link: https://www.econbiz.de/10012105595
Hierarchical and comprehensive school systems are compared with respect to efficiency. At given ability, a student …?s probability of not completing school rises with increasing mean ability in class. Both school systems can yield identical average … failure rates. Given that output losses in case of failure are stronger for more talented students, the comprehensive school …
Persistent link: https://www.econbiz.de/10009780198
on the conceptual framework of an education production function, we cover evidence on child, parent, and school inputs …If school closures and social-distancing experiences during the Covid-19 pandemic impeded children's skill development …, they may leave a lasting legacy in human capital. To understand the pandemic's effects on school children, this paper …
Persistent link: https://www.econbiz.de/10012649748