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Do Divisia monetary aggregates help forecast exchange rates in a negative interest rate environment?
(Banco Central del Paraguay, 2021-08-02)
This paper contributes to the literature as the first work of its kind to examine the role and importance
of Divisia monetary aggregates and concomitant user cost price indices as superior monetary policy fore casting ...
The effect of minimum wage on consumer bankruptcy
We use cross-state differences in minimum wage levels (MW) and county-level consumer bankruptcy rates from 1991-2017 to estimate the effect of changes in minimum wages on consumer bankruptcy by exploiting policy discontinuities ...