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Oxford Economic Papers articles from October 1995
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Oxford Economic Papers archives from October 1995
Should the functions of monetary policy and banking supervision be separated?
October 1, 1995... 1. Introduction
THIS PAPER considers whether monetary policy and banking supervision should be separated. Separation is a current policy issue in the context of the proposed functions of the prospective European Central Bank (ECB). The...
Kohl, Reagan, and open economy macroeconomics: revisiting rules for fiscal and monetary policy.
October 1, 1995... 1. Introduction
THIS PAPER models three alternative policy strategies for an open economy and evaluates their performance. By doing this we revisit an old debate which was popular in the mid-80s, when tight monetary policies in the US and...
The price of motherhood: family status and women's pay in a young British cohort.
October 1, 1995... 1. Introduction
British women are working in record numbers, under an umbrella of equal opportunity laws and policies. Yet, the gender gap in pay persists, as do pay differentials among women related to family status. As mothers in...
Cross-national comparisons of the labour force participation of women married to unemployed men.
October 1, 1995... 1. Introduction
IN BRITAIN, it is a persistent and well-established fact that women who are married to unemployed men have paid jobs to a far lesser extent than married women in general. The gap in the participation rates of married women...
An Indian model of aristocratic patronage.
October 1, 1995... 1. Introduction
DURING the last 10-15 years, economists have increasingly come to view social arrangements in pre-industrial societies as motivated by insurance considerations, thus following a well-established trend in the anthropological...
The average and marginal domestic resource cost of foreign exchange.
October 1, 1995... 1. Introduction
THE DOMESTIC resource cost ratio (DRC) of a project is defined as the ratio of the shadow value of its domestic net inputs to the shadow value of its traded net outputs. A DRC value less (greater) than one is taken to imply...
Valuing the prevention of non-fatal road injuries: contingent valuation vs. standard gambles.
October 1, 1995... 1. Introduction
MANY public sector allocative and regulatory decisions relate to the provision of non-market goods, such as safety and environmental protection. Ideally, these decisions should be based upon reliable measures of the...
On the interpretation of the Kemp/Wan theorem.
October 1, 1995... I. Introduction
IN A JUSTLY celebrated paper, Kemp and Wan (1976) (KW henceforth) note that in a competitive world with any pattern of trade taxes where some subset of countries form a customs union (CU), `there exists a common tariff vector...
Export zones and welfare: another look.
October 1, 1995... 1. Introduction
OVER the last 20 years, free trade or export promotion zones have become an important part of the efforts of many developing economies to attract foreign investment and to increase their manufacturing exports. For the...
