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  1. All fluctuations are not created equal
    the differential roles of transitory versus persistent changes in driving historical monetary policy
    Author: Ashley, Richard A.; Tsang, Kwok Ping; Verbrugge, Randal
    Published: 2018
    Publisher:  Federal Reserve Bank of Cleveland, [Cleveland, OH]

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 36 (18,14)
    Inter-library loan:
    No inter-library loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Working paper / Federal Reserve Bank of Cleveland ; 18, 14 (October 2018)
    Subjects: Taylor rule; Great Inflation; intermediate target; natural rate; persistence; dependence
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  2. Greenfield foreign direct investment
    social learning drives persistence
    Author: Ng, Joe Cho Yiu; Chan, Chao Hung; Tsang, Kwok Ping; Leung, Ka Yui
    Published: March 2022
    Publisher:  The Institute of Social and Economic Research, Osaka University, Osaka, Japan

    This paper argues that the persistence of greenfield foreign direct investment (FDI) comes from information frictions. First, our simple social learning model shows that, through signaling effects, information frictions generate persistent greenfield... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 198
    Inter-library loan:
    No inter-library loan

     

    This paper argues that the persistence of greenfield foreign direct investment (FDI) comes from information frictions. First, our simple social learning model shows that, through signaling effects, information frictions generate persistent greenfield FDI inflows. Second, we show empirically that the autoregressive coefficient of greenfield FDI increases in value with different proxies for information frictions, including six institutional and governance indicators and two common language measures. We also find that greenfield FDI persistence varies across industries. In particular, greenfield FDI by service firms is more persistent than that by manufacturing firms. Finally, our findings suggest that better governance, predictability, and transparency reduce information frictions and thereby avoiding drastic and persistent ups and downs in FDI.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/263307
    Series: Discussion paper / The Institute of Social and Economic Research ; no. 1171
    Subjects: Greenfield FDI; persistence; information; social learning
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen