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Climate Change and Psychological Adaptation : A Behavioral Environmental Economics Approach

Aronsson, Thomas; Schöb, Ronnie - 2021

Economic models of climate policy (or policies to combat other environmental problems) typically neglect psychological adaptation to changing life circumstances. People may adapt or become more sensitive, to different degrees, to a deteriorated environment. The present paper addresses these...

Persistent link: https://www.econbiz.de/10013315603

Nominal Exchange Rate Flexibility and Real Exchange Rate Adjustment : Evidence from Dual Exchange Rates in Developing Countries

Cheung, Yin-Wong; Lai, Kon S. - 2021

This study investigates whether greater nominal exchange rate flexibility aids real exchange rate adjustment based on … rate produces faster real exchange rate adjustment than the less flexible official rate does. Half-life estimates of … adjustment speeds are obtained from fractional time series analysis. We find no systematic evidence that greater exchange rate …

Persistent link: https://www.econbiz.de/10013318352

Autocratic Transitions and Growth

Nannicini, Tommaso - 2010

In this paper we use a transparent statistical methodology – synthetic control methods – to implement data-driven comparative studies about the impact of autocratic transition on real per capita GDP. The applied methodology compares the growth of countries that experienced a transition to...

Persistent link: https://www.econbiz.de/10013147271

Monetary Transmission Mechanism in Transition Economies : Surveying the Surveyable

Égert, Balázs - 2013

This paper surveys recent advances in the monetary transmission mechanism (MTM). In particular, while laying out the functioning of the separate channels in the MTM, special attention is paid to exploring possible interrelations between different channels through which they may amplify or...

Persistent link: https://www.econbiz.de/10012754233

The Euro Changeover and Price Adjustments in Italy

Caporale, Guglielmo Maria - 2011

By estimating a staggered price model over the period 1980q1-2010q2, this paper documents that, after the euro changeover, Italian retailers have increased the number of price adjustments, which has translated into a higher inflation rate, with a detrimental effect on the competitiveness of the...

Persistent link: https://www.econbiz.de/10013128041

Flexible Prices and Leverage

D'Acunto, Francesco - 2017

time, which we use in a difference-in-differences strategy. Firms' frequency of price adjustment did not change around the …

Persistent link: https://www.econbiz.de/10012962123

Dissecting the PPP Puzzle : The Unconventional Roles of Nominal Exchange Rate and Price Adjustments

Cheung, Yin-Wong; Lai, Kon S.; Bergman, U. Michael - 2021

The conventional view, as expounded by sticky-price models, is that price adjustment determines the PPP reversion rate …. This study examines the mechanism by which PPP deviations are corrected. Nominal exchange rate adjustment, not price … adjustment, is shown to be the key engine governing the speed of PPP convergence. Moreover, nominal exchange rates are found to …

Persistent link: https://www.econbiz.de/10013319983

Happiness of Economists

Feld, Lars P. - 2014

We study the importance of economists' professional situation toward their life satisfaction based on a unique survey of mostly academic economists. On average, economists report to be highly happy with life. Satisfaction is positively related to spending more time on doing research. The lack of...

Persistent link: https://www.econbiz.de/10013040007

Optimal Management with Potential Regime Shifts

Polasky, Stephen - 2010

We analyze how the threat of a potential future regime shift affects optimal management. We use a simple general growth model to analyze four cases that involve combinations of stock collapse versus changes in system dynamics, and exogenous versus endogenous probabilities of regime shift. Prior...

Persistent link: https://www.econbiz.de/10013136238

The Business Environment in the Transition

Carlin, Wendy - 2012

Following the collapse of planning, new small and medium-sized firms rapidly emerged in all transition economies. Using firm level data, we investigate the interaction between the widespread opportunities for new business activities such firms faced and their business environment. The business...

Persistent link: https://www.econbiz.de/10013100506

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