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Against the backdrop of the sizable economic growth of China in recent years, this paper uses the most recent data gathering of the Globalization and World Cities (GaWC) research network to update and...
Over the last century the labor force participation rate of women has risen threefold and there has been a tremendous increase in the integration of women into maledominated occupations. We examine ...
Comments on ‘Making Policy in a Changing World’ by William C. Brainard and George L. Perry.
The Changing Selectivity of American Colleges.
This paper describes the evolution of the tax treatment of investment in R&D in Australia, Canada, France, Great Britain, Germany, Italy, Japan and the USA between 1979 and 1994. Estimates of the cost...
Using a detailed database of managerial job descriptions, reporting relationships, and compensation structures in over 300 large U.S. firms, we find that firm hierarchies are becoming flatter. The num...
Using a detailed database of managerial job descriptions, reporting relationships, and compensation structures in over 300 large U.S. firms, we find that firm hierarchies are becoming flatter. The num...
The covariance between U.S. Treasury bond returns and stock returns has moved considerably over time. While it was slightly positive on average in the period 1953–2009, it was unusually high in the ea...
This article exploresthe contentious‘monetisation’ ofin-kind benefits(l’goty)that converted them into cash allowances and redistributed responsibility for welfare provision between federal and ...
Movement toward the objective of undistorted world agricultural markets has been set back by the lapse since 2008 of the WTO Doha Round negotiations. In the absence of a new agreement, constraints...
This paper examines the “price puzzle”, the rise in the price level following a contractionary monetary policy shock, using monthly US data from 1960 to 2006. Deviating from the standard practice is i...
It seems that the GDP growth rate of China in 2012 will be lower than 8%. If it turns out to be 7.8%, as individual researchers and international organizations have forecasted, the growth rate will be...
With a population of around 20 million inhabitants, Romania is the seventh largest member of the European Union, and has the largest GDP in South Eastern Europe. A number of fundamental changes occurr...

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