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Seasonality and the Effect of Advertising on Price

Genesove, David; Simhon, Avi - C.E.P.R. Discussion Papers - 2008

sufficiently large degree of advertising seasonality to justify estimation by the LIML or Fuller-k method. Among those industries …

Persistent link: https://www.econbiz.de/10005666809

The Anatomy of Unemployment Dynamics

Abbring, Jaap H; den Berg, Gerard J van; Ours, Jan C van - C.E.P.R. Discussion Papers - 1995

This paper examines the relation between individual unemployment durations and incidence on the one hand, and the time-varying macroeconomic conditions in the economy on the other. We allow for calendar time effects acting on the exit probabilities for all currently unemployed. We also allow for...

Persistent link: https://www.econbiz.de/10005123747

Hot and Cold Seasons in the Housing Market

Ngai, Liwa Rachel; Tenreyro, Silvana - C.E.P.R. Discussion Papers - 2013

fourth and first quarters (the "cold season"). House price seasonality poses a challenge to existing models of the housing …, deterministic driver of seasonality can be amplified and revealed as deterministic seasonality in transactions and prices …

Persistent link: https://www.econbiz.de/10011083859

Product-Based Cultural Change: Is the Village Global?

Maystre, Nicolas; Olivier, Jacques; Thoenig, Mathias; … - C.E.P.R. Discussion Papers - 2009

This paper makes three contributions to the growing literature on culture and economics. Using answers to the World Values Survey for a sample of 79 countries over the 1989-2004 period, we first provide evidence of cultural homogenization between countries. Second, we provide a model of...

Persistent link: https://www.econbiz.de/10005082538

The Structural Dynamics of US Output and Inflation: What Explains the Changes?

Canova, Fabio; Gambetti, Luca; Pappa, Evi - C.E.P.R. Discussion Papers - 2006

are changes in the volatility of both variables and in the persistence of inflation. Technology shocks explain changes in … output volatility, while a combination of technology, demand and monetary shocks explain variations in the persistence and …

Persistent link: https://www.econbiz.de/10005666833

Illusive Persistence in German Unemployment

Tschernig, Rolf J.V.; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 1992

persistence. This view is questioned in the paper using German data on unemployment. A new class of time-series models, the …

Persistent link: https://www.econbiz.de/10005666959

Why is Spanish Unemployment so High?

Dolado, Juan J.; Jimeno, Juan F - C.E.P.R. Discussion Papers - 1995

In this paper we analyse the underlying causes behind Spanish unemployment which is now at 24%. We interpret this unfortunate outcome as the result of a series of adverse shocks, compounded by disinflationary policies and by a flawed system of labour market institutions. Our aim is to explain...

Persistent link: https://www.econbiz.de/10005667046

Long Term Persistence

Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - C.E.P.R. Discussion Papers - 2008

Is social capital long lasting? Does it affect long term economic performance? To answer these questions we test Putnam’s conjecture that today marked differences in social capital between the North and South of Italy were due to the culture of independence fostered by the free city-states...

Persistent link: https://www.econbiz.de/10005789085

Patterns of Unemployment: An Insider-Outsider Analysis

Lindbeck, Assar; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1994

rates display a high degree of serial correlation, or `persistence'; (2) the average rate of unemployment has been higher in … also generates other empirically testable hypotheses, concerning cyclical variations in unemployment persistence, the … influence of firing costs and the `discouraged worker' effect on unemployment persistence, and the effect of barriers to the …

Persistent link: https://www.econbiz.de/10005789127

Unemployment Dynamics, Duration and Equilibrium: Evidence from Britain

Burgess, Simon; Turon, Hélène - C.E.P.R. Discussion Papers - 2000

aggregate unemployment persistence based on externalities at a market level rather than individual-level persistence. …

Persistent link: https://www.econbiz.de/10005791250