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paper aims to use a macro-sector estimation to show how the price-decreasing effects of Internet shopping outweigh the price …-increasing effects. In that purpose, we use French price index series and distance selling sales covering about 30 sectors, from 1990 to …
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Traditional theories of integration such as the optimum currency area approach attribute a prominent role to international labour mobility in coping with relative economic fluctuations between countries. However, recent studies on international migration have overlooked the role of short-run...
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. We find robust evidence of a significant positive effect of inflation targeting on real housing price growth and on the …The recent boom in housing markets of most developed economies has spurred criticism that inflation targeting central …, using a standard program evaluation methodology to correct for a possible bias due to self-selection into inflation …
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This paper studies firms' price-setting decision during a currency changeover. Buyers' difficulties with the new … nominal price level create incentives to raise prices temporarily but doing so comes at the risk of damaging a seller …'s size, (ii) the proportion of regular buyers, and (iii) the visibility of a good's price. Difference-in-differences analyses …
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assumption improves the fit of the inflation equation. Third, this assumption is necessary for getting an important reduction of …
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return on assets is determined by incentives eliciting voluntary debt repayment. I show that the inflation rate or, more …, money is used in equilibrium and the optimal inflation rate is positive. …
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