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Exchange rates and wages
Goldberg, Linda S. (contributor);  … - 2001 - [Elektronische Ressource]. - Revised January 20 2001
Persistent link: https://www.econbiz.de/10001589683
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Costly information, planning complementarities and the Phillips Curve
Acharya, Sushant - Federal Reserve Bank of New York - 2014
Standard sticky information pricing models successfully capture the sluggish movement of aggregate prices in response … to monetary policy shocks but fail at matching the magnitude and frequency of price changes at the micro level. This … paper shows that in a setting where firms choose when to acquire costly information about different types of shocks …
Persistent link: https://www.econbiz.de/10010942921
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Border effects and the availability of domestic products abroad
Evans, Carolyn L. (contributor) - 2001 - [Elektronische Ressource]
Borders have a sizable negative impact on trade flows. Given the vast number of individual goods potentially traded, this "border effect" could have two possible explanations: (1) less international than domestic trade in the goods that are actually traded between countries ("flow"), or (2)...
Persistent link: https://www.econbiz.de/10001591415
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Why use debit instead of credit? : consumer choice in a trillion-dollar market
Zinman, Jonathan (contributor) - 2004 - [Elektronische Ressource]
Debit cards are overtaking credit cards as the most prevalent form of electronic payment at the point of sale, yet the determinants of a ubiquitous consumer choice - "debit or credit?" - have received relatively little scrutiny. Several stylized facts suggest that debit-card use is driven by...
Persistent link: https://www.econbiz.de/10002521756
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The incentive effects of higher education subsidies on student effort
Şahin, Ayşegül (contributor) - 2004 - [Elektronische Ressource]
. The model of parent and student responses to tuition subsidies is then calibrated using information from the National …
Persistent link: https://www.econbiz.de/10002521757
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Why did the average duration of unemployment become so much longer?
Mukoyama, Toshihiko (contributor);  … - 2004 - [Elektronische Ressource]
"This paper examines the causes of the observed increase in the average duration of unemployment over the past thirty years. First we analyze whether changes in the demographic composition of the U.S. labor force, particularly the age and gender composition, can explain this increase. We then...
Persistent link: https://www.econbiz.de/10002521759
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Forecasting and estimating multiple change-point models with an unknown number of change points
Koop, Gary M. (contributor); Potter, Simon M. (contributor) - 2004 - [Elektronische Ressource]
"This paper develops a new approach to change-point modeling that allows for an unknown number of change points in the observed sample. Our model assumes that regime durations have a Poisson distribution. The model approximately nests the two most common approaches: the time-varying parameter...
Persistent link: https://www.econbiz.de/10002521761
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Borrowers' financial constraints and the transmission of monetary policy : evidence from financial conglomerations
Ashcraft, Adam B. (contributor);  … - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001697781
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Trading risk and volatility in interest rate swap spreads
Kambhu, John (contributor) - 2004 - [Elektronische Ressource]
This paper examines how risk in trading activity can affect the volatility of asset prices. We look for this relationship in the behavior of interest rate swap spreads and in the volume and interest rates of repurchase contracts. Specifically, we focus on convergence trading, in which...
Persistent link: https://www.econbiz.de/10001936329
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Structural change in US wage determination
Rich, Robert W. (contributor);  … - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001589687