Showing 1 - 10 of 85
This paper discusses rising enrolment rates, access, governance, underperformance in research and teaching, lack of … governance, more competition and internationalisation. Apart from providing mutual policy learning opportunities, cross …
Persistent link: https://www.econbiz.de/10005094228
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
The frequency with which firms adjust output prices helps explain persistent differences in capital structure across firms. Unconditionally, the most exible-price firms have a 19% higher long-term leverage ratio than the most sticky-price firms, controlling for known determinants of capital...
Persistent link: https://www.econbiz.de/10012962123
adaptation to changing life circumstances. People may adapt or become more sensitive, to different degrees, to a deteriorated … the consequences for optimal climate policies and argues from a normative point of view that psychological adaptation …
Persistent link: https://www.econbiz.de/10013315603
This study investigates whether greater nominal exchange rate flexibility aids real exchange rate adjustment based on data from dual exchange rates in developing countries. Specifically, we analyze whether the more flexible parallel market rate produces faster real exchange rate adjustment than...
Persistent link: https://www.econbiz.de/10013318352
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...
Persistent link: https://www.econbiz.de/10013319983
In recent decades economists have turned their attention to data that asks people how happy or satisfied they are with their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that only income relative to others was related to...
Persistent link: https://www.econbiz.de/10010877842
Adaptation is omnipresent but people systematically fail to correctly anticipate the degree to which they adapt. This …
Persistent link: https://www.econbiz.de/10010877881
each model. The framework is used to analyze the adaptation vs. mitigation dilemma and provides a simple criterion to … determine whether adaptation activities should be undertaken promptly, delayed to some future date, or avoided altogether. …
Persistent link: https://www.econbiz.de/10009416115
aims at raising mitigation while also reducing the damages from climate change: conditional adaptation support. Especially … amount of adaptation funding and the best ways to raise, manage and disburse these funds, hardly any attention is paid to the … international allocative effects of these transfers. The answer to the question of ‘why’ international adaptation transfers are paid …
Persistent link: https://www.econbiz.de/10010608707