Showing 1 - 10 of 77
This paper argues that previous cross-country (panel) studies on the relationship between income inequality and health …-country heterogeneity in the impact of inequality on health. Using panel cointegration techniques that are robust to omitted variables … ; Inequality ; Panel cointegration …
Persistent link: https://www.econbiz.de/10009310846
The conventional wisdom that inflation and unemployment are unrelated in the long-run implies the compartmentalisation of macroeconomics. While one branch of the literature models inflation dynamics and estimates the unemployment rate compatible with inflation stability, another one determines...
Persistent link: https://www.econbiz.de/10003736446
This paper is concerned with the study of the labor market performance of immigrants. The unemployment rate is used as an indicator and natives as the reference group for the analysis. The analysis proceeds in two steps. In a first step, probit regressions on the unemployment probabilities are...
Persistent link: https://www.econbiz.de/10011475909
Information costs and regulatory barriers are the main distinguishing features of international financial markets as compared to national financial markets. This paper presents a simple model of the impact of these factors on banks' cross-border activities and provides empirical evidence. Our...
Persistent link: https://www.econbiz.de/10011473701
panel data and alternative predictors. The candidate exchange rate predictors are drawn from (i) macroeconomic ‘fundamentals … lead to better market timing than most single predictors at higher horizons. -- Exchange rate forecasting ; panel data …
Persistent link: https://www.econbiz.de/10008696798
The present contribution tests whether countries can be pooled when studying the financegrowth nexus. Overall, our results point toward a ‘pragmatic’ positive answer, though considerable heterogeneity is present among developing countries.
Persistent link: https://www.econbiz.de/10003380206
a panel of data for evidence of a causal relationship between GDP and carbon emissions. The technique is compared to the …
Persistent link: https://www.econbiz.de/10003733688
We analyze the effects of government spending in a New-Keynesian model with search and matching frictions featuring …
Persistent link: https://www.econbiz.de/10012514996
In this paper we introduce and test the hypothesis that the relation between inflation and unemployment has been in many countries subject to a significant change in the early 1990's after the disinflation period. That period began between 1975 and 1980 after the first (or the second) oil price...
Persistent link: https://www.econbiz.de/10003485609
In this paper we analyze the money demand functions of the four largest EMU countries and of the four-country (EMU-4) aggregate. We identify reasonable and stable money demand relationships for Germany, France and Spain as well as the EMU-4 aggregate. For the case of Italy, results are less...
Persistent link: https://www.econbiz.de/10003746606