Narrow search
Showing 1 - 10 of 162
Cover Image
Delegation in International Monetary Policy Games
Dolado, Juan J.; Griffiths, Mark; Padilla, Atilano Jorge - C.E.P.R. Discussion Papers - 1993
In this paper we show that the delegation of monetary policy to an independent and more conservative central banker is an optimal policy in an international context with monetary spillovers between countries, even in the absence of time inconsistency (credibility) issues. We also study the...
Persistent link: https://www.econbiz.de/10005114375
Cover Image
Weather shocks and English wheat yields, 1690-1871
Brunt, Liam - C.E.P.R. Discussion Papers - 2015
reconcile the conflicting primal and dual estimates of productivity growth over the period. …
Persistent link: https://www.econbiz.de/10011249371
Cover Image
Production Networks, Geography and Firm Performance
Bernard, Andrew B.; Moxnes, Andreas; Saito, Yukiko U. - C.E.P.R. Discussion Papers - 2015
This paper examines the importance of buyer-supplier relationships, geography and the structure of the production network in firm performance. We develop a simple model where firms can outsource tasks and search for suppliers in different locations. Low search and outsourcing costs lead firms to...
Persistent link: https://www.econbiz.de/10011262884
Cover Image
Spatial frictions
Behrens, Kristian; Mion, Giordano; Murata, Yasusada; … - C.E.P.R. Discussion Papers - 2011
-size distribution? Do they affect individual city sizes? Do they contribute to the productivity advantage of large cities and the nature …
Persistent link: https://www.econbiz.de/10009322503
Cover Image
Effects of Deregulation and Vertical Unbundling on the Performance of China's Electricity Generation Sector
Gao, Hang; Van Biesebroeck, Johannes - C.E.P.R. Discussion Papers - 2011
productivity in the generation segment of the industry. Controlling explicitly for sources of price-heterogeneity across firms and …
Persistent link: https://www.econbiz.de/10009385757
Cover Image
Sovereigns, Upstream Capital Flows, and Global Imbalances
Alfaro, Laura; Kalemli-Ozcan, Sebnem; Volosovych, Vadym - C.E.P.R. Discussion Papers - 2011
The paper presents new stylized facts on the direction of capital flows. We find (i) international capital flows net of government debt and/or official aid are positively correlated with growth; (ii) sovereign debt flows are negatively correlated with growth only if debt is financed by another...
Persistent link: https://www.econbiz.de/10009364326
Cover Image
How Big are the Gains from International Financial Integration?
Hoxha, Indrit; Kalemli-Ozcan, Sebnem; Vollrath, Dietrich - C.E.P.R. Discussion Papers - 2011
The literature has shown that the implied welfare gains from international financial integration are very small. We revisit the existing findings and document that welfare gains can be substantial if capital goods are not perfect substitutes. We use a model of optimal savings that includes a...
Persistent link: https://www.econbiz.de/10009364327
Cover Image
Productivity, Relationship-Specific Inputs and the Sourcing Modes of Multinationals
Defever, Fabrice; Toubal, Farid - C.E.P.R. Discussion Papers - 2011
We investigate the roles of productivity and the specificity of inputs for the international sourcing strategy of firms … transaction. The dataset also provides information to estimate the firms' productivity and their intensity in relationship …
Persistent link: https://www.econbiz.de/10009365648
Cover Image
How do different exporters react to exchange rate changes? Theory, empirics and aggregate implications
Berman, Nicolas; Martin, Philippe; Mayer, Thierry - C.E.P.R. Discussion Papers - 2009
distribution costs in the export market, high and low productivity firms react differently to a depreciation . Whereas high … productivity firms optimally raise their markup rather than the volume they export, low productivity firms choose the opposite … aggregate impact of exchange rate movements. The presence of fixed costs to export means that only high productivity firms can …
Persistent link: https://www.econbiz.de/10008506840
Cover Image
The Impact of Competition on Management Quality: Evidence from Public Hospitals
Bloom, Nicholas; Propper, Carol; Seiler, Stephan; Van … - C.E.P.R. Discussion Papers - 2010
In this paper we examine the causal impact of competition on management quality. We analyze the hospital sector where geographic proximity is a key determinant of competition, and English public hospitals where political competition can be used to construct instrumental variables for market...
Persistent link: https://www.econbiz.de/10008468548