Showing 1 - 10 of 51
Recent cross-country studies on the globalization and output-inflation tradeoff correlation find openness has no … openness on the output-inflation trade off differ in sign and size across countries. In contrast to previous cross …-country studies, we find globalization has significantly changed some major industrialized countries’ output inflation tradeoff. This …
Persistent link: https://www.econbiz.de/10011092324
Abstract: This paper examines the nexus between news coverage on inflation and households' inflation expectations. In … disconnection between news on inflation, consumers' frequency of expectation updating and the accuracy of their expectations. Our …
Persistent link: https://www.econbiz.de/10011090809
The financial services sector has internationalized over the last few decades.Important differences and similarities in financial behavior can be anticipated between both consumers within a particular country and those living in different countries.For companies in this market, the appropriate...
Persistent link: https://www.econbiz.de/10011092724
Abstract: This paper suggests that contingent on the productivity level of the trade partner; international trade may create resource misallocation in less productive countries. It theoretically shows how the interaction between technology diffusion induced by trade and cross sectoral...
Persistent link: https://www.econbiz.de/10011091026
We study the in uence of energy endowments on the location of energy-intensive industries. We use data on manufacturing sectors in 50 US states from 2002 until 2008, with detailed information on state endowments of coal, natural gas, oil and hydropower and sectoral fuel and electricity...
Persistent link: https://www.econbiz.de/10011092040
The Porter hypothesis suggests a double dividend in the sense that environmental policy improves both environment and competitiveness. The suggestion received strong criticism from economists mainly driven by the idea that if opportunities for higher competitiveness exist firms do not have to be...
Persistent link: https://www.econbiz.de/10011092765
inflation from above, so that inflation tar- geting policies may not be capable of ensuring REE uniqueness. In such cases, it is … advisable to combine inflation responses with an appropriate reaction to the output gap and/or firm profitability. The negative … reaction of real activity and asset prices to inflationary shocks adds a negative force to inflation responses that counteracts …
Persistent link: https://www.econbiz.de/10011090294
We provide an up-to-date overview of the literature on the desirabil- ity of central bank transparency from an economic viewpoint. Since the move towards more transparency, a lot of research on its e¤ects has been carried out. First, we show how the theoretical literature has evolved, by...
Persistent link: https://www.econbiz.de/10011090505
We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our approach uses a compositional multinomial logit model, in which currency choice depends on the characteristics of both the currency and the country. We use unique quarterly panel...
Persistent link: https://www.econbiz.de/10011090527
Monetary instability during the transition process from a command economy to a market economy has induced a considerable increase in currency substitution in Eastern Europe. Currency substitution itself affects monetary stability since it reduces the stability of velocity. This paper...
Persistent link: https://www.econbiz.de/10011090532