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implement a case-study on the response of banks in France, Germany, Italy and Spain to a monetary tightening. The episode we …
Persistent link: https://www.econbiz.de/10012471558
We decompose the "China shock" into two components that induce different adjustments for firms exposed to Chinese exports: a horizontal shock affecting firms selling goods that compete with similar imported Chinese goods, and a vertical shock affecting firms using inputs similar to the imported...
Persistent link: https://www.econbiz.de/10012616643
In a broad class of sticky price models the non-neutrality of nominal shocks is encoded by a simple sufficient statistic: the ratio of the kurtosis of the size-distribution of price changes over the frequency of price changes. We test this theoretical prediction using data for a large number of...
Persistent link: https://www.econbiz.de/10012696399
period 1926-1931 and on France's resistance to the Great Depression. France expanded rapidly after 1926 and, unlike the other …
Persistent link: https://www.econbiz.de/10012477005
The Cobden-Chevalier treaty of 1860 eliminated many French import prohibitions and lowered tariffs between France and … other nations followed because of the use of the unconditional-MFN clause. Post-1860 in France, we find a significant rise …
Persistent link: https://www.econbiz.de/10012480825
implications for the severity of the COVID-19 recession, the design of policies, and the speed of the recovery …
Persistent link: https://www.econbiz.de/10012481180
This note lays out the basic Susceptible-Infected-Recovered (SIR) epidemiological model of contagion, with a target audience of economists who want a framework for understanding the effects of social distancing and containment policies on the evolution of contagion and interactions with the...
Persistent link: https://www.econbiz.de/10012482082
Financial crises cause economic, social and political havoc. Macroprudential policies are gaining traction but are still severely under-researched compared to monetary policy and fiscal policy. We use the general framework of sequential predictions also called online machine learning to forecast...
Persistent link: https://www.econbiz.de/10012482520
endogenous growth model with size-contingent regulations. We apply this to population administrative firm panel data from France …
Persistent link: https://www.econbiz.de/10012482599
. Britain's control of the seas meant that it was much less affected than other nations, such as France and the United States …. Explicit welfare calculations are provided for four countries, Britain, France, Sweden and the United States. Welfare losses … France, and between 1.7-1.8% per annum in Britain. On the other hand, the conflict helped pave the way for the more liberal …
Persistent link: https://www.econbiz.de/10012467339