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This paper empirically evaluates the effects of antidumping measures on the exports of protected firms. While antidumping protection raises the domestic sales of the more “traditional” non-exporting firms on the protected market with about 5%, it negatively affects the firm-level exports of...
Persistent link: https://www.econbiz.de/10005036242
How successful is the theory of the firm in explaining intra-firm trade? To answer this question we exploit a unique dataset of 1,141,393 French import transactions, spanning across firm, countries and products in 1999, and reporting whether a transaction is intra-firm. Overall, we find support...
Persistent link: https://www.econbiz.de/10008567796
much sharper rise in inflation than measured by the official price indices, whose quality was called into question. In this … determinants. Since these data do not rely on official inflation statistics, they provide an independent check for the latter. We … not recorded by official inflation statistics. We do not find evidence in support of this hypothesis. …
Persistent link: https://www.econbiz.de/10005504448
producers. I apply these results to a model of inflation. I find that the model can fit the quantitative facts on post …-war inflation remarkably well, that it is a good forecaster of future inflation, and that it survives the Lucas critique by fitting … also the pre-war facts on inflation moderately well. …
Persistent link: https://www.econbiz.de/10005504647
If a consumer wishes to protect her retirement account from the risk of price changes in order to sustain a stable standard of living, then what price index should the account be indexed to? This paper constructs a dynamic price index (DPI) that answers this question. Unlike the existing theory...
Persistent link: https://www.econbiz.de/10005504651
the primary deficit with future values of inflation, interest rates, GDP and narrow money growth and changes in the … through adjustments in the primary deficit (80-100%), with less substantial roles being played by inflation (0-10%) and GDP … growth (0-20%). Focusing on the relation between fiscal imbalances and inflation suggests extremely modest interactions. This …
Persistent link: https://www.econbiz.de/10005497882
The fiscal gains from, and hence the political incentives for, an increase in the inflation rate of ten percentage … inflation increase would have been even larger, however, and would thus have reduced net welfare. Possible institutional reforms …, aimed at making the political costs of inflation more equal to the social costs, are presented and discussed. …
Persistent link: https://www.econbiz.de/10005498004
. Motivated by the case of an unanticipated inflation episode, we consider redistribution shocks that shift resources from old to …
Persistent link: https://www.econbiz.de/10005498105
The paper argues that Lucas overestimates the Friedman-Bailey type of welfare cost of inflation and neglects other … of Lucas' estimate. The neglected welfare effects of inflation include an adverse Baumol-Tobin effect on growth and … between inflation, relative prices and structural change. …
Persistent link: https://www.econbiz.de/10005498124
%) and fairly high (7%) inflation. Our results indicate that firms strongly react to inflation in the timing of their price … adjustment: hazard of price changes is increasing with time and becomes steeper at higher inflation rates. However, we find … little evidence that the amount by which they change the price responds to the inflation rate. …
Persistent link: https://www.econbiz.de/10005498134