We examine the effect of the minimum wage on restaurant prices. For that purpose, we estimate a price rigidity model by … exploiting a unique dataset of individual price quotes used to calculate the Consumer Price Index in France. We find a positive …

depends negatively on the price dispersion and positively on the individual inflation, seems consistent with predictions of …The paper provides an empirical analysis of price setting behaviour in Slovakia, using large micro-level dataset … by nearly double-digit inflation and undergoing massive changes in market structure during the process of transition and …

If a consumer wishes to protect her retirement account from the risk of price changes in order to sustain a stable … standard of living, then what price index should the account be indexed to? This paper constructs a dynamic price index (DPI …) that answers this question. Unlike the existing theory on price indices (which is static and certain), the DPI measures the …

Germany in the EMS and is consistent with the evidence that membership has induced several countries to disinflate more than …

. Outsourcing decisions then balance flexibility gains against hold-up costs of opportunistic behaviour by outside contractors. In …

In a Case Law regime Courts have more flexibility than in a Statute Law regime. Since Statutes are inevitably … most economic decisions are already taken. Therefore, the advantage of flexibility for Case Law is unavoidably paired with … pairs the lack of flexibility with the ability to commit in advance to a given (forward looking) rule. This solves the time …

simulation to provide substantial stabilization for the exchange rate while retaining considerable flexibility and robustness in …