changes in real GDP, the stock market, country credit ratings, and the exchange rate. We explore the linkages between these …

combines 2008 changes in real GDP, the stock market, country credit ratings, and the exchange rate. We explore the linkages …

We analyze how changes in government policy affect stock prices. Our general equilibrium model features uncertainty … policy after performance downturns in the private sector. Stock prices fall at the announcements of policy changes, on …

stock markets. Our technique is tightly based on a general intertemporal asset-pricing model, and relies on estimating and …

substitution or ‘EMRS’, using only data on asset prices and returns. Our empirical strategy is general, and allows the EMRS to vary … through 2003, and daily data for 2003. Both datasets include assets from three different markets: the New York Stock Exchange …, the NASDAQ, and the Toronto Stock Exchange. For both monthly and daily frequencies, we find plausible estimates of EMRS …

This paper compares how cash and in-kind transfers affect local prices. Both types of transfers increase the demand for … normal goods, but only in-kind transfers also increase supply. Hence, in-kind transfers should lead to lower prices than cash …

Using annual data from several sources, we study the evolution of M1, M2, income, prices and long and short interest … rates in Ireland over the period 1933-2012. We find cointegration and that prices, income and interest rates are weakly …

This paper examines the extent to which the destination of exports matters for the input prices paid by firms, using … destinations and find that exporting to richer countries leads firms to charge more for outputs and pay higher prices for inputs …

firms, elasticity of substitution between goods and degree of transparency on equilibrium prices. The main result is that … the following 'common wisdom' is incorrect: more transparent markets always feature lower prices, higher consumer welfare …