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Tracking the new economy : using growth theory to detect changes in trend productivity
Kahn, James A. (contributor); Rich, Robert W. (contributor) - 2003 - [Elektronische Ressource]
The acceleration of productivity since 1995 has prompted a debate over whether the economy's underlying growth rate … identify variables other than productivity - namely consumption and labor compensation - to help estimate trend productivity … direction. In addition, we find that productivity data alone provide insufficient evidence of regime changes; corroborating …
Persistent link: https://www.econbiz.de/10001751984
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Benefits and spillovers of greater competition in Europe : a macroeconomic assessment
Bayoumi, Tamim A. (contributor); Laxton, Douglas (contributor) - 2004 - [Elektronische Ressource]
We estimate the macroeconomic benefits and international spillovers of an increase in competition using a general-equilibrium simulation model with nominal rigidities and monopolistic competition in product and labor markets. We draw three conclusions after calibrating the model to the euro area...
Persistent link: https://www.econbiz.de/10002101549
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Menu costs at work : restaurant prices and the introduction of the Euro
Hobijn, Bart (contributor); Ravenna, Federico (contributor);  … - 2004 - [Elektronische Ressource]
"Restaurant prices in the Euro area saw an unprecedented increase after the introduction of the Euro. We use an extension of commonly used models of sticky prices and argue that the increase in restaurant prices can be explained by menu costs. The extension we use involves the state-dependent...
Persistent link: https://www.econbiz.de/10002521760
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On both sides of the quality bias in price indexes
Hobijn, Bart (contributor) - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001726737
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How valuable is exchange rate flexibility? : Optimal monetary policy under sectoral shocks
Tille, Cédric (contributor) - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001656406
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Productivity : what is it, and why do we care about it?
Steindel, Charles (contributor);  … - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001589561
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Information technology and the US productivity revival : what do the industry data say?
Stiroh, Kevin J. (contributor) - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001589618
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What's driving the new economy : the benefits of workplace innovation
Black, Sandra E. (contributor); Lynch, Lisa M. (contributor) - 2001 - [Elektronische Ressource]. - Revised: October 2000
Persistent link: https://www.econbiz.de/10001589696
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Benefits and spillovers of greater competition in Europe: a macroeconomic assessment
Bayoumi, Tamim; Laxton, Douglas; Pesenti, Paolo - Federal Reserve Bank of New York - 2004
We estimate the macroeconomic benefits and international spillovers of an increase in competition using a general-equilibrium simulation model with nominal rigidities and monopolistic competition in product and labor markets. We draw three conclusions after calibrating the model to the euro area...
Persistent link: https://www.econbiz.de/10005526265
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Is increased price flexibility stabilizing? Redux
Bhattarai, Saroj; Eggertsson, Gauti; Schoenle, Raphael - Federal Reserve Bank of New York - 2012
We study the implications of increased price flexibility on aggregate output volatility in a dynamic stochastic general equilibrium (DSGE) model. First, using a simplified version of the model, we show analytically that the results depend on the shocks driving the economy and the systematic...
Persistent link: https://www.econbiz.de/10010551310