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作者：Goldstein, I
作者单位：University of Pennsylvania
摘要：The economic literature emphasised the role of strategic complementarities in generating banking crises and currency crises. Motivated by evidence from recent financial crises, we study a model, where strategic complementarities exist, not only within a group of creditors or within a group of currency speculators, but also between the two groups. The additional type of complementarities generates a vicious circle between banking crises and currency crises. This magnifies the correlation betwee...
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作者：Holm, HJ; Danielson, A
作者单位：Lund University
摘要：Undergraduates in Tanzania and Sweden participated in one Trust game, one Dictator game, and answered a standard set of survey questions relating to trust. In both countries we detected a strong and significant relation between Dictator donations and proportions returned in Trust games, indicating that unconditional distribution preferences matter in Trust game behaviour. In Sweden incentive compatible evaluations of unrevealed Dictator donations significantly predicted the amount sent in Trus...
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作者：Banks, J; Disney, R; Duncan, A; Van Reenen, J
作者单位：University of London; University College London; University of Nottingham; University of London; London School Economics & Political Science
摘要：With increasing globalisation of knowledge, there are increased opportunities to 'learn' from the experience of policy interventions elsewhere. This paper presents evidence on the extent of international convergence in public policy, with particular focus on labour, welfare, savings and retirement policy. Questions addressed in this framework include: to what extent is policy diffusion or convergence a real and relevant phenomenon? What role have economists played in the transfer of policy acr...
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作者：Moav, O
作者单位：Hebrew University of Jerusalem
摘要：This paper develops a theory of fertility that offers an explanation for the persistence of poverty within and across countries. If educated individuals have a comparative advantage in raising educated children then parental fertility choice is shown to give rise to a poverty trap, in which the poor choose high fertility rates with low investment in child quality. Moreover, the impact of child quality choice on economic performance is amplified by the diluting effect of higher fertility on phy...
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作者：Carlsson, M; Laséen, S
作者单位：Uppsala University
摘要：We study the capital adjustment process in Swedish manufacturing Firms and relate the findings to standard models of capital adjustment. We have three findings. (i) The capital accumulation process is highly volatile and non-persistent. (it) An S, s model fits the data well in some, but not all, dimensions. Also, a model with irreversible capital goes. a long way in matching the data. In fact, we argue that it is much more likely that the data reflect irreversibility than fix adjustment costs....
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作者：Durlauf, SN
作者单位：University of Wisconsin System; University of Wisconsin Madison
摘要：This article explores the state of interplay between recent efforts to introduce complex systems methods into economics and the understanding of empirical phenomena. The empirical side of economic complexity may be divided into three general branches: historical studies, the identification of power and scaling laws, and analyses of social interactions. I argue that, while providing useful 'stylised facts', none of these empirical approaches has produced compelling evidence that economic contex...
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作者：Bernheim, BD; Thomadsen, R
作者单位：Stanford University; National Bureau of Economic Research; Columbia University
摘要：The introduction of memory imperfections into models of economic decision making creates a natural role for anticipatory emotions. Their combination has striking behavioural implications. The paper first shows that agents can rationally select apparently dominated strategies. We consider Newcomb's Paradox and the Prisoners' Dilemma. We provide a resolution for Newcomb's Paradox and argue it requires the decision maker to ascribe only a tiny weight to anticipatory emotions. For some ranges of p...
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作者：Peersman, G; Smets, F
作者单位：Ghent University; Centre for Economic Policy Research - UK; European Central Bank
摘要：We first estimate the effects of a euro area-wide monetary policy change on output growth in eleven industries of seven euro area countries over the period 1980-98. On average the negative effect of an interest rate tightening on output is significantly greater in recessions than in booms. There is, however, considerable cross-industry heterogeneity in both the overall policy effects and the degree of asymmetry across the two business cycle phases. We then explore which industry characteristic...
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作者：Hatton, TJ; Tani, M
作者单位：Australian National University; University of Essex; University of New South Wales Sydney
摘要：Most studies that look across local labour markets have found the effects of immigration to be benign. One possibility is that immigrants to a specific area simply push non-immigrants onwards elsewhere, thereby diffusing the labour market effects. Examining net internal migration between 11 regions of Britain over two decades, we find consistently negative displacement effects but their magnitude and significance varies. The effects are somewhat stronger for the southern regions where immigrat...
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作者：Moore, MP; Ranjan, P
作者单位：University of California System; University of California Irvine
摘要：Globalisation and skill-biased technological change have emerged as alternative explanations for the increase in US wage inequality since 1980. We investigate the static and dynamic effects of these shocks on unemployment across skill classes using a model of search unemployment. Although we confirm that globalisation and skill-biased technological change both lead to increases in wage inequality, we show that these shocks may have different effects on unemployment. We also show that labour ma...
