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We investigate how deftned beneftt pension schemes of FTSE ftrms are valued by the equity market, focusing on how future liabilities are discounted (since UK data allows us to estimate the duration of pension liabilities fairly accurately). We ftnd that equity market valuation is consistent with...
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Some initiatives in the ongoing debate on improving transparency and notifications as a part of talks on WTO reform …
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This paper uses new data on fiscal transparency for a cross-section of countries; these data possess several advantages … fiscal transparency. It is shown that there is in fact a causal relationship between institutions and transparency. The … findings are robust to changes in specification and a host of transparency sub-measures. …
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Freedom of Information Acts (FOIAs) aim to provide a channeled exchange between citizens and public officials that, irrespective of the citizen’s identity, results in the provision of timely, relevant, and often new information about policy. The authors of this paper evaluated Mexico’s FOIA...
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