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DOES A HIGHER MINIMUM WAGE ENHANCE THE EFFECTIVENESS OF THE EARNED INCOME TAX CREDIT?
interactions minimum wages policy variation Current Population Survey
2011/8/22
The authors estimate the effects of the interactions between the Earned Income Tax Credit (EITC) and minimum wages on labor market outcomes. They use information on policy variation from the Departmen...
Does the Effectiveness of Monetary Policy on Output Depend on Openness?
monetary policy Openness output
2011/8/21
The question of how openness influence the effectiveness of monetary policy on output has captured some attention among researchers in recent years. But the number of studies which explored this quest...
Did capital market convergence lower the effectiveness of monetary policy?
ANTI-inflationary policies MONETARY policy CAPITAL market
2011/8/21
International capital market convergence reduces the ability for monetary authorities to set domestic monetary conditions. Traditionally, monetary policy transmission is channelled through the short-t...