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Time persistence and spatial spillovers in local government expenditures
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Macroeconomic news and intraday seasonal volatility in the cryptocurrency markets
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Systematic extreme correlation of Chinese stock market
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Private capital flows and productivity in Sub-Saharan Africa: does the capital allocation puzzle matter?
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The Effect of informal caregiving on caregivers’ healthcare utilization in China
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Non-tariff measures: a methodology for the quantification of bilateral trade effects of policy measures at a product level
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The Quality‐Weighted Matching Function: Did the German Labor Market Reforms Trade‐Off Efficiency against Job Quality?
Abstract
We evaluate the quantity–quality trade-off on the labor market by estimating an augmented matching function weighting the matches by quality measures. We use the approach to evaluate the German labor market reforms conducted between 2003 and 2005. Indeed, we find a significant quantity–quality trade-off. However, even after controlling for job quality, a good half of the positive effect of the reforms on matching efficiency remains.
Owner‐Occupied Housing, Inflation, and Monetary Policy
Abstract
Owner-occupied housing (OOH) is currently excluded from the harmonized index of consumer prices (HICP) in Europe. Using microlevel data for Sydney and aggregated data for the United States, France, and Germany, we compare the impact of alternative treatments of OOH on measured inflation. We recommend including OOH in the HICP using a simplified version of the user-cost method. This would improve the harmonization of the HICP, help close the credibility gap between measured inflation and public perceptions of it, and allow the ECB to lean against a housing boom without departing from its inflation target.
Trade liberalisation and export competitiveness of Indian manufacturing industries: some explanations
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