Showing 1 - 10 of 19
This paper studies euro changeover-related inflation using disaggregated price level data. The difference-in-differences approach is used and the control group for the treatment country, Estonia, is built from 12 euro area countries. The Nielsen Company disaggregated price data are employed at...
Persistent link: https://www.econbiz.de/10011067230
We investigate the empirical relationship between product market competition and prices in the retail grocery sector in … between downstream market competition among retailers and price levels for most of the reference products. Though less …
Persistent link: https://www.econbiz.de/10011100163
We develop and estimate a stylized micro-founded model of the US economy. Next we compute the parameters of a simple interest rate policy rule that maximizes the unconditional mean of utility. We show that such a welfare-based rule lies close to the Taylor efficiency frontier. A counterfactual...
Persistent link: https://www.econbiz.de/10005025577
This paper is the first that applies a new measure of competition, the Boone indicator, to the banking industry. This … approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … competition can consider the entire banking market only. A caveat of the Boone-indicator may be that it assumes that banks …
Persistent link: https://www.econbiz.de/10005344896
policy perspective, it highlights the importance of structural reforms that help enhance competition in this sector. This …
Persistent link: https://www.econbiz.de/10009327809
This paper analyses the impact of loan market competition on the interest rates applied by euro area banks to loans and … deposits during the 1994-2004 period, using a novel measure of competition called the Boone indicator. We find evidence that … stronger competition implies significantly lower spreads between bank and market interest rates for most loan market products …
Persistent link: https://www.econbiz.de/10004969191
In this paper we explore the link between the intensity of product market competition and inflation rates across EU … over time and as alternative proxies of competition we use the level of mark-up, profit margin, the profit rate and a … survey based “intensity of competition” variable. Results for both aggregate and sectoral panels show that the extent of …
Persistent link: https://www.econbiz.de/10005530819
competition intensifies, prospecting for loans becomes more important and banks' internal agency problem worsens. In response to … more competition, banks lower lending standards, may choose to disregard soft and use only hard information in their credit …
Persistent link: https://www.econbiz.de/10010686757
their privately observed soft information is positive or negative. Competition affects the investment in learning the …
Persistent link: https://www.econbiz.de/10010686779
, it is important to maintain competition among payment service providers but data available to gauge the degree of … competition are quite limited. We propose and implement a frontierbased method to assess relative competition in bank …
Persistent link: https://www.econbiz.de/10010686830