Country and Sector-Specific Spillover Effects in the Euro Area, the United States and Japan

2003 ◽  
Author(s):  
Bernd Kaltenhäuser
2015 ◽  
Author(s):  
Ali Alichi ◽  
Olivier Bizimana ◽  
Silvia Domit ◽  
Emilio Fernandez-Corugedo ◽  
Douglas Laxton ◽  
...  

2021 ◽  
Author(s):  
Claire Adida ◽  
Christina Cottiero ◽  
Leonardo Falabella ◽  
Isabel Gotti ◽  
Syeda ShahBano Ijaz ◽  
...  

During the COVID-19 pandemic, face masks have been recommended by the CDC and the WHO as key to reducing viral transmission. Yet, in the United States, one fifth of individuals say they wear masks at most some of the time, and a majority say that people in their community wear masks at most some of the time. What strategies most effectively encourage compliance with this critical covid-19 prevention measure? Relying on social identity theory, we experimentally assess two possible mechanisms of compliance, elite endorsement and social norms, among a representative sample of White U.S.–born Evangelicals, a group that has shown resistance to prevention measures. We find evidence for both mechanisms, but social norms play a remarkably important role – increasing support for mask-wearing by 6% with spillover effects on other prevention guidelines. Our findings confirm the role that appeals to norms and elite endorsements play in shaping individual behavior, and offer lessons for public health messaging.


2017 ◽  
Vol 9 (1) ◽  
pp. 171 ◽  
Author(s):  
Magdalena Grothe ◽  
Aidan Meyler

This paper analyses the predictive power of market-based and survey-based inflation expectations for actual inflation. We use the data on inflation swaps and the forecasts from the Survey of Professional Forecasters for the euro area and the United States. The results show that both market-based and survey-based measures have a non-negligible predictive power for inflation developments, as compared to statistical benchmark models. Therefore, for horizons of one and two years ahead, market-based and survey-based inflation expectations actually convey information on future inflation developments.


2019 ◽  
Vol 11 (1) ◽  
pp. 380-405 ◽  
Author(s):  
Eric Lewis

The United States has a complex patchwork of mineral ownership, where rights to oil and gas may be owned by the federal government, state governments, or private agents. I show why the policies imposed by one owner have theoretically ambiguous spillover effects on the drilling and production outcomes of neighboring plots of land. Exploiting a natural experiment in Wyoming with exogenous ownership assignment, I find significant spillovers: federal land close to state land has a lower probability of drilling than federal land far from state land. (JEL H82, L71, P14,Q35, Q38)


Policy Papers ◽  
2009 ◽  
Vol 09 ◽  
Author(s):  

This paper is part of a broader on-going effort to bring a more cross-country perspective to bilateral surveillance, taking advantage of a cluster of Article IV consultations with five systemically important economies concluded in July. With the five economies—the United States, the Euro area, China, Japan, and the United Kingdom—accounting for two-thirds of global output and three quarters of capital flows, the nature of linkages and consistency of policy responses across the systemic five (S5) has important implications for the world economy.


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