Showing 1 - 10 of 76
China has been provoked into speeding renmnibi internationalization. But despite rapid growth in offshore financial … repression in domestic interest rates—to avoid an avalanche of foreign capital inflows that would threaten inflation and asset … could attract even more hot money inflows, the People’s Bank of China should focus on tightly stabilizing the yuan/ dollar …
Persistent link: https://www.econbiz.de/10010877868
the period from 1994 to 2010 and including 417 manufacturing sectors, the main finding emerging from this empirical … import prices only to a small extent, it may have a substantial impact on inflation, as it exerts a sizeable impact on the …
Persistent link: https://www.econbiz.de/10010535633
We build a two-sector dynamic general equilibrium model with one-sided substitutability between fossil carbon and biocarbon. One shock only, the discovery of the technology to use fossil fuels, leads to a transition from an initial pre-industrial phase to three following phases: a pure fossil...
Persistent link: https://www.econbiz.de/10010877924
We study the competitive effects of restricting direct access to secondary care by gatekeeping, focusing on the informational role of general practitioners (GPs). In the secondary care market there are two hospitals choosing quality and specialisation. Patients, who are ex ante uninformed, can...
Persistent link: https://www.econbiz.de/10005181554
We study the relationship between regulatory regimes and pharmaceutical firms’ pricing strategies using a unique policy experiment from Norway, which in 2003 introduced a reference price (RP) system called “index pricing” for a sub-sample of off-patent pharmaceuticals, replacing the...
Persistent link: https://www.econbiz.de/10005406112
compares price inflation before the crisis with the necessary and actual price cuts that have taken place since the outbreak of … the crisis, predicting a decade of stagnation for the south and inflation for the north. Keynesian demand policy is …
Persistent link: https://www.econbiz.de/10010877720
economy. While about half of all studies for the United States find a significant effect of unemployment and inflation on … choice of the sample period is of crucial importance. While in the very long run we find unemployment, inflation and the …
Persistent link: https://www.econbiz.de/10010535634
The sovereign debt crisis has made it clear that central banking is more than keeping inflation low. Central banks are …
Persistent link: https://www.econbiz.de/10009294102
This study evaluates the role market competition plays in determining inflation based on sector-level data from OECD … countries. In theory, trade openness can affect inflation through changes in market competitiveness and productivity … of market competition. This study shows that inflation decreases with greater market competitiveness even after …
Persistent link: https://www.econbiz.de/10009391719
economic reform, economic growth and, with a delay, on investment and institutional change. Episode of high inflation, moreover …, translate into lower subsequent inflation. Crises thus appear to serve as catalysts of reform and institutional change and lead …
Persistent link: https://www.econbiz.de/10009645638