sunk costs are indeed related to the need to collect information on foreign market/country characteristics. …

This paper studies the role of citizens� demand for political information in elections and provides a possible … incentives to gather political information may derive from its relevance to private choices. Under quite mild assumptions, the … demand for political information is increasing in income. Information affects citizens� responsiveness to electoral …

We investigate the role of information spillovers (IS) in determining firms' labor adjustments. We test the proposition … that information on relevant state variables spills over through one firm's decision th those of other firms, assuming that …

In the past decade changes in oil prices have played a significant role in shaping inflation dynamics in the US and in …

issue is of particular interest for those monetary authorities that target headline consumer price inflation, which has been …

Between 2013 and 2014, following the recession triggered by the sovereign debt crisis, euro-area inflation decreased … sharply. Although a fall in the inflation rate was to be expected, given the severity of the recession, professional … inflation, which was unaccounted for in forecasting models. We probe this explanation in the context of a simple backward …