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estimates of realignment and intervention probabilities obtained from daily German mark EMS exchange rates indicate that … realignment probabilities in the EMS have recently declined drastically and that the system is now close to being a fully credible … switching are discussed and their relevance for the European Monetary System (EMS) is evaluated by using Bayesian inference. The …
Persistent link: https://www.econbiz.de/10011613863
We evaluate the effect of perhaps the largest exogenous decline in a state's incarceration rate in U.S. history on local crime rates. We assess the effects of a recent reform in California that caused a sharp and permanent reduction in the state's incarceration rate. We exploit the large...
Persistent link: https://www.econbiz.de/10010329176
counterproductive in the south and unnecessary in the north. The necessary realignment of relative goods prices and current account …
Persistent link: https://www.econbiz.de/10010291507
realignment. …
Persistent link: https://www.econbiz.de/10005196061
Persistent link: https://www.econbiz.de/10009380992
We evaluate the effect of perhaps the largest exogenous decline in a state's incarceration rate in U.S. history on local crime rates. We assess the effects of a recent reform in California that caused a sharp and permanent reduction in the state's incarceration rate. We exploit the large...
Persistent link: https://www.econbiz.de/10010228777
Persistent link: https://www.econbiz.de/10010212570
Persistent link: https://www.econbiz.de/10010506071
Persistent link: https://www.econbiz.de/10011535500
Persistent link: https://www.econbiz.de/10012285514