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Financial CGE Model for China and Its Application
The increasing attention to the interactions of monetary and fiscal policies and their impact on macroeconomic dynamics has been devoted ever since...
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Sooner or later? The impact of child education on household consumption
We study the impact of one more year of child’s education on household (non-durable) consumption. We exploit an exogenous shock generated by a...
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A competitive search approach to exchange rate pass-through
We develop an open economy, search theoretic, monetary model with heterogeneous households which is characterized by incomplete pass-through of...
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Linear and Nonlinear Causal Linkages Between Exports and Growth in Next Eleven Economies
Although a plethora of literature has shed light on the export-growth nexus over the past few decades, most studies have maintained the assumption of...
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Export-Led Growth Strategy and Government Quality
This chapter argues that China’s existing economic achievements can be attributed to two factors: export-led growth strategy and government quality,...
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Immediate impacts of the COVID-19 pandemic on household economic activities and food security in Tajikistan
Using a nationally representative monthly survey, administered both before and after the outbreak of the COVID-19 pandemic, this paper provides...
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Patterns of variability in the structure of global value chains: a network analysis
Global Value Chains (GVCs) are a feature of the organization of production in many sectors and countries and they deeply affect international trade...
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Systemic liquidity contagion in the European interbank market
Systemic liquidity risk, defined by the International Monetary Fund as “the risk of simultaneous liquidity difficulties at multiple financial...
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Some Unconventional Properties of New Keynesian DSGE Models
We examine the theoretical and numerical properties of a prototypical New Keynesian DSGE model featuring endogenous capital accumulation and labour...
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The Cyclical and Nonlinear Impact of R&D and Innovation Activities on Economic Growth in OECD Economies: a New Perspective
This study empirically tested the cyclical and nonlinear nexus between innovation and economic growth using simultaneous equation modeling approach...
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Parallel inverse aggregate demand curves in discrete choice models
This paper highlights a previously unnoticed property of commonly-used discrete choice models, which is that they feature parallel demand curves....
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The Dynamic Role of Financial Development in Analyzing the N-Shaped Tourism-Led Growth Hypothesis in Mauritius
This study is a critical step to explore how financial development moderates the N-shaped tourism-led growth hypothesis in Mauritius, considering the...
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Troubled in school: does maternal involvement matter for adolescents?
We estimate the causal effect of mother’s involvement on the amount of trouble an adolescent experiences in school based on a sample of high school...
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How does firms' broadband adoption affect regional TFP in Italy?
In the literature, the positive effect of ICT on labour productivity and, in general, economic growth is vast and well consolidated. This paper wants...
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Simulating the Long-Term Impacts of the COVID-19 Pandemic on the Sustainability of the Population-Economy-Environment Nexus
The COVID19 pandemic has created a massive shock, unexpectedly increasing mortality levels and generating economic recessions all around the world....
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Government expenditure and informality in an emerging economy: the recent experience of India
This paper examines the absorption of government spending shocks in the presence of formal and informal production. Calibrating a two-sector open...
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Interlocking complementarities between job design and labour contracts
In this paper, we study the existence of interlocking complementarities between job design and labour contract at the firm level. Using a formal...
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How does family health care use respond to economic shocks? realized and anticipated effects
Using two-year panel data from the Medical Expenditure Panel Survey (MEPS) for 2004 to 2012, we examine how the intra-family allocation of health...
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Commodity Prices and Competitive Storage
We consider in this chapter a model of rational speculative activity in commodity markets. The salient feature of this model is the non-negativity...