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Investment choice and inflation uncertainty

Fischer, Gregory - London School of Economics (LSE) - 2013

aggregates. The data show that periods of increased inflation uncertainty are associated with substantial reductions in total …

Persistent link: https://www.econbiz.de/10010884740

Inflation, inequality and social conflict

Crowe, Christopher - London School of Economics (LSE) - 2004

This paper presents a political economy model of inflation as a result of social conflict. Agents are heterogeneous in … terms of income. Agents’ income levels determine their ability to hedge against the effects of inflation. The interaction of … model makes a number of predictions concerning which environments are conducive to the emergence of inflation. Inflation …

Persistent link: https://www.econbiz.de/10010745045

Nominal wage rigidity and the rate of inflation

Nickell, Stephen; Quintini, Glenda - London School of Economics (LSE) - 2001

inflation is low. Despite the substantial numbers of individuals whose nominal wages fall from one year to the next, we find … that if long-run inflation is one percent higher, the number of individuals with negative real pay growth increases by …

Persistent link: https://www.econbiz.de/10010746590

Do financial crises erode potential output? evidence from OECD inflation responses

Bijapur, Mohan - London School of Economics (LSE) - 2012

This paper presents evidence from a panel investigation of OECD countries that inflationary pressures tend to be stronger during recovery from financial crises compared to recovery from non-crisis economic downturns, indicating impairment in productive potential.

Persistent link: https://www.econbiz.de/10011126125

Are credit crunches supply or demand shocks?

Bijapur, Mohan - London School of Economics (LSE) - 2013

inflation to rise in the short term. Our results also suggest that the effects on aggregate supply have grown stronger in recent …

Persistent link: https://www.econbiz.de/10011126591

When the claim hits: bilateral investment treaties and bounded rational learning

Poulsen, Lauge N. Skovgaard; Aisbett, Emma - London School of Economics (LSE) - 2013

Using the international investment regime as its point of departure, the paper applies notions of bounded rationality to the study of economic diplomacy. Through a multi-method approach, it shows that developing countries often ignored the risks of bilateral investment treaties (BITs) until they...

Persistent link: https://www.econbiz.de/10010745595

Globalisation, ICT and the nitty gritty of plant level datasets

Martin, Ralf - London School of Economics (LSE) - 2004

The net entry contribution to aggregate productivity growth has increased dramatically in the UK over 1990s according to calculations based on data from the Annual Respondents Database (ARD). Some recent studies have tried to link this to other structural changes over the same period such as...

Persistent link: https://www.econbiz.de/10010746177

The effect of trade liberalization on informality and wages: evidence from Mexico

Aleman-Castilla, Benjamin - London School of Economics (LSE) - 2006

This paper studies the impact of NAFTA on informality and real wages in Mexico. Using a dynamic industry model with firm heterogeneity, it is predicted that import tariff elimination could reduce the incidence of informality by making more profitable to some firms to enter the formal sector,...

Persistent link: https://www.econbiz.de/10010746201

Currency unions in prospect and retrospect

Silva, J.M.C. Santos; Tenreyro, Silvana - London School of Economics (LSE) - 2010

We critically review the recent literature on currency unions, and discuss the methodological challenges posed by the empirical assessment of their costs and benefits. In the process, we provide evidence on the economic effects of the euro. In particular, and in contrast with estimates of the...

Persistent link: https://www.econbiz.de/10010746444

On the measurement of trade costs: direct vs. indirect approaches to quantifying standards and technical regulations

Chen, Natalie; Novy, Dennis - London School of Economics (LSE) - 2012

In this article, we review the literature on the measurement of trade costs in international trade with a special emphasis on nontariff measures and in particular on standards and technical regulations. We distinguish ‘direct’ from ‘indirect’ approaches. The direct approach collects...

Persistent link: https://www.econbiz.de/10010884515