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EMU enlargement, inflation and adjustment of tradable goods prices: What to expect?

Maier, Philipp - de Nederlandsche Bank - 2004

Inflation differentials resulting from EMU enlargement have so far mostly been discussed within the Balassa …-Samuelson framework, i.e. resulting from inflation in nontradable goods. We analyse the inflationary consequences of convergenceof … tradable goods' prices. Using disaggregated price level data, simulations show that inflation in the new EU member states might …

Persistent link: https://www.econbiz.de/10005101836

A `Global Village' without borders? International price differentials at eBay

Maier, Philipp - de Nederlandsche Bank - 2005

One of the key advances of the internet age is the increase in transparency. Does high price transparency imply that consumers in different countries pay the same price for similar goods? We compare prices for new, tradable goods sold via the internet auction site eBay. We find ample evidence...

Persistent link: https://www.econbiz.de/10005101855

Market Thinness, List Price Revisions and Time to Sell: Evidence from a large-scale housing dataset

Hoeberichts, Marco; Rooij, Maarten van; Siegmann, Arjen - de Nederlandsche Bank - 2008

This paper uses a large dataset, covering more than 70% of the Dutch housing market, to analyze the relationship between market thinness, price setting behavior and time to sell. Our findings confirm the typical result that overpricing increases the time on market. In addition, we find evidence...

Persistent link: https://www.econbiz.de/10005021841

Price Setting Behaviour in the Netherlands: Results of a Survey

Hoeberichts, Marco; Stokman, Ad - de Nederlandsche Bank - 2005

identify how sticky prices are, which prices are sticky and why they are sticky. It is part of the Eurosystem Inflation …

Persistent link: https://www.econbiz.de/10009319249

The Pricing Behaviour of Firms in the Euro Area New Survey Evidence

Fabiana, S.; Druant, M.; Hernando, I.; Kwapil, C.; … - de Nederlandsche Bank - 2005

This study investigates the pricing behaviour of firms in the euro area on the basis of surveys conducted by nine Eurosystem national central banks, covering more than 11,000 firms. The results, robust across countries, show that firms operate in monopolistically competitive markets, where...

Persistent link: https://www.econbiz.de/10009320229

The Impact of Newspapers on Consumer Confidence: Does Spin Bias Exist?

Alsem, Karel-Jan; Brakman, Steven; Hoogduin, Lex; … - de Nederlandsche Bank - 2004

Mullainathan and Shleifer (2002) argue that there are two types of media bias. One bias, called ideology, reflects a news outlet's desire to affect reader opinions in a particular direction. The second bias, referred to as spin, reflects the outlet's attempt to simply create a memorable story....

Persistent link: https://www.econbiz.de/10004970700

Dutch households' perceptions of economic growth and inflation

Christensen, Céline; Els, Peter van; Rooij, Maarten van - de Nederlandsche Bank - 2006

economic growth and inflation show a large dispersion. For the median respondents, however, the quantitative perceptions were … general public than inflation. The results on qualitative and quantitative perceptions of current inflation could be … interpreted as the Dutch public having a high level of inflation aversion. Those who have declared themselves more knowledgeable …

Persistent link: https://www.econbiz.de/10005101788

Small and Medium-Sized Enterprises in the Netherlands: an Overview of the Statistics and the Literature (in Dutch)

Jonker, N. - de Nederlandsche Bank - 2002

Dutch media often pay a lot of attention to small and medium-sized enterprises (SMEs). They are considered to be the engine of the Dutch job industry and therefore deserve our attention. In this study we highlight the role the Dutch SMEs play in the Dutch economy. This study's first objective is...

Persistent link: https://www.econbiz.de/10005101895

Net Foreign Asset (Com)position: Does Financial Development Matter?

Vermeulen, Robert; Haan, Jakob de - de Nederlandsche Bank - 2012

We investigate the relationship between a country's domestic financial development and the (composition of its) net foreign asset position using a pooled mean group estimator and data for 51 countries during the period 1970-2007. The results show that financial development reduces a country's...

Persistent link: https://www.econbiz.de/10009652211

Herding and financial panics: a role for cognitive psychology?

Prast, H.M. - de Nederlandsche Bank - 2000

The purpose of this Research Memorandum is to assess whether concepts from psychological theory may be useful in explaining herding and crises in financial markets. The conclusion is that the theory of cognitive dissonance, which assumes that the human brain seeks and processes information in a...

Persistent link: https://www.econbiz.de/10004970710