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Halting Inflation in Italy and France After World War II
Casella, Alessandra; Eichengreen, Barry - C.E.P.R. Discussion Papers - 1991
In the aftermath of World War II, Italy and France experienced high inflation. The two countries enacted remarkably similar economic policy measures, but stabilization came at different times: for Italy at the end of 1947, and for France a year later. Traditional explanations for the restoration...
Persistent link: https://www.econbiz.de/10005136562
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Self-enforcing Norms and the Efficient Non-cooperative Organization of Clans
Konrad, Kai A.; Leininger, Wolfgang - C.E.P.R. Discussion Papers - 2007
We study how norms can solve distributional conflict inside a clan and the efficient coordination of collective action in a conflict with an external enemy. We characterize a fully non-cooperative equilibrium in a finite game in which a self-enforcing norm coordinates the members on efficient...
Persistent link: https://www.econbiz.de/10005656134
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Distributional Conflicts, Power and Multiple Growth Paths
Saint-Paul, Gilles; Verdier, Thierry - C.E.P.R. Discussion Papers - 1992
This paper shows that multiple growth paths may occur in a politico-economic model of endogenous growth. This multiplicity is characterized by the coexistence of a low-tax, low-capital-flight equilibrium and a high-tax, high-capital-flight equilibrium. The likelihood of multiplicity is crucially...
Persistent link: https://www.econbiz.de/10005661846
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Inflation and Inequality
Albanesi, Stefania - C.E.P.R. Discussion Papers - 2002
Cross-country evidence on inflation and inequality suggests that they are positively correlated. I explore the hypothesis that this correlation is the outcome of a distributional conflict underlying the determination of fiscal policy.
Persistent link: https://www.econbiz.de/10005792380
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Profiting from Innovation: Firm Level Evidence on Markups
Cassiman, Bruno; Vanormelingen, Stijn - C.E.P.R. Discussion Papers - 2013
cumulative effect on the firm's markup. …
Persistent link: https://www.econbiz.de/10011083230
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Productivity Growth, Consumer Confidence and the Business Cycle
Danthine, Jean-Pierre; Donaldson, John B; Johnsen, Thore - C.E.P.R. Discussion Papers - 1998
following five questions: 1) To what extent does an economy subject to regular variations in labour productivity growth differ … from one where labour productivity is constant? 2) What is the impact on major macroeconomic indicators of a one …-time change in labour productivity growth? 3) What are the business cycle implications of autonomous (non-falsifiable) changes in …
Persistent link: https://www.econbiz.de/10005662360
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Fiscal Policy, Wealth Effects and Markups
Monacelli, Tommaso; Perotti, Roberto - C.E.P.R. Discussion Papers - 2008
, and a fall in the markup. This evidence is robust across alternative empirical methodologies used to identify innovations …
Persistent link: https://www.econbiz.de/10005662286
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Market Structure and Market Performance in E-Commerce
Hackl, Franz; Kummer, Michael E; Winter-Ebmer, Rudolf; … - C.E.P.R. Discussion Papers - 2012
instrumenting is particularly important for estimating the effect of competition on the markup of the price leader. …
Persistent link: https://www.econbiz.de/10011083898
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The Curse of Inflation
Eyster, Erik; Madarász, Kristóf; Michaillat, Pascal - C.E.P.R. Discussion Papers - 2014
] the psychological assumptions that (1) consumers dislike paying a price that exceeds some ``fair'' markup on firms …
Persistent link: https://www.econbiz.de/10011096101
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Manufacturing and the Convergence Hypothesis: What the Long Run Data Show
Broadberry, Stephen N - C.E.P.R. Discussion Papers - 1992
The commonly accepted chronology for comparative productivity levels based on GDP data does not apply to the … manufacturing sector, where there is evidence of a much greater degree of stationarity of comparative labour productivity … compositional effects of structural change. The persistent large labour productivity gap between the US and Europe cannot be …
Persistent link: https://www.econbiz.de/10005788874