Central bank intervention in foreign exchange markets is a common tool to influence exchange rates. Although central bankers are convinced of their policy’s effectiveness, econometric estimates of precise effects differ across studies. The difficulties with estimations mostly result from a lack of adequate data. This article highlights different econometric approaches that aim to mitigate estimation ...
Der Nobelpreisgewinner Angus Deaton und seine Kollegin Anne Case haben vor einiger Zeit mit ihrer Studie über ein Phänomen viel Aufsehen erregt, das sie death of despair tauften: Tod aus Verzweiflung, also durch Suizid, Alkohol und Drogen. Die beiden zeigten, dass sich die Anzahl der weißen US-Bürger, vor allem mittleren Alters und mit mittlerer und geringer Bildung, die einen ...
A timely and incisive look at austerity measures that succeed—and those that don’t. Fiscal austerity is hugely controversial. Opponents argue that it can trigger downward growth spirals and become self-defeating. Supporters argue that budget deficits have to be tackled aggressively at all times and at all costs. In this masterful book, three of today’s leading experts –...
