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We study the joint impact of three measurement issues in the empirical literature on the labor share: (i) start and end periods for the empirical analysis; (ii) accounting for self-employment; and (iii) accounting for residential real estate income....
We examine Markov-switching autoregressive models where the commonly used Gaussian assumption for disturbances is replaced with a skew-normal distribution.
We show that tax compliance is volatile and markedly responds to fiscal policy.
To explore the consequence of this novel stylized fact, we build a model of sovereign debt with limited commitment and imperfect tax enforcement. This paper investigates the impact of mobile financial services - MFS (mobile money, and mobile credit and savings) on the informal sector. Niels Bohr -- Whenever a true theory appears, it will be its own evidence. Swann: -- Most of the fundamental ideas of science are essentially simple, and may, as a rule, be expressed in a language comprehensible to everyone: Albert Einstein -- Physics is mathematical not because we know so much about the physical world, but because we know so little: Bertrand Russell -- If I could explain it to the average person, I would not have been worth the Nobel Prize: R. Feynman -- I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use: Galileo Galilei -- How dare we speak of the laws of chance? : Bertrand Russell -- Only two things are infinite, the universe and human stupidity, and I´m not sure about the former: Albert Einstein -- The glory of mathematics is that you don't have to say what you are talking about: Richard Feynman -- Anything is possible if you don´t know what you are talking about: Author Unknown -- In life, everything is relative - except Einstein´s theory: Leonid S. Third, it is accepted as being self-evident: Arthur Schopenhauer -- In questions of science the authority of a thousand is not worth the humble reasoning of a single individual: Galileo Galilei -- Science is a wonderful thing if one does not have to earn one's living at it: Albert Einstein -- When you have eliminated the impossible, what ever remains, however improbable must be the truth: Sir Arthur Conan Doyle -- We all agree that your theory is crazy, but is it crazy enough?Don’t forget to send us the pictures of your flowers made of SIGIR 2019 bags! Please stay tuned on our twitter channel for conference updates. Its test is that it will explain all phenomena: Ralph Waldo Emerson -- Since the mathematicians invaded Relativity, I do not understand it myself anymore: Albert Einstein -- I would say that the aether is a medium invented by man for the purpose of propagating his misconceptions from one place to another: W. Sukhorukov -- Don´\'t worry about people stealing your ideas.This paper examines how networks of professional contacts contribute to the development of the careers of executives of North American and European companies.We build a dynamic model of career progression in which career moves may both depend upon...For decades, French researchers have been recognised around the world and even received awards for their work.and universities, many French researchers, in all academic fields, have been recognised around the world for their work.Download a complimentary copy of the research you are interested in or get a Kemp ID and have access to them all!The Working Paper Series showcases research work being conducted at the Banque de France on the development of analytical tools for use in macroeconomic forecasting, monetary policy conduct and the safeguarding of financial stability.