Similar Search Results

Export Hysteresis, Capacity Constraints and Uncertainty : A Smooth-Transition Analysis for Euro Area Member Countries

Belke, Ansgar Hubertus - 2017

and Portugal) the results underscore the empirical validity of the export hysteresis under uncertainty model …We argue that, under certain conditions described by a sunk cost hysteresis model, firms consider exports as a … export market and vice versa takes place in a smooth manner. Areas of weak reaction of exports to changes in domestic demand …

Persistent link: https://www.econbiz.de/10012947452

Aggregation in Large Dynamic Panels

Pesaran, M. Hashem - 2015

Carlo experiments, where we also study the estimation of the aggregate effects of micro and macro shocks. The paper …

Persistent link: https://www.econbiz.de/10013038262

Incomplete Contracts and the Impact of Globalization on Consumer Welfare

Defever, Fabrice - 2014

We embed a North-South trade model into an incomplete contracts setting where the production of heterogeneous firms can be geographically separated. When a Northern headquarter contracts with a Southern supplier instead of a Northern supplier, the presence of international incomplete contracts...

Persistent link: https://www.econbiz.de/10013067873

Managing Migration Through Conflicting Policies : An Option-Theory Perspective

Moretto, Michele - 2009

uncertainty over this migration upper bound may improve the government's control on migration inflows (quotas). This could explain …

Persistent link: https://www.econbiz.de/10013157501

Breakthrough Renewables and the Green Paradox

van der Ploeg, Rick - 2021

costs have to be made. Not the arrival of this substitute matters for efficiency, but the uncertainty about the timing of …

Persistent link: https://www.econbiz.de/10013315844

Preemption, Start-Up Decisions and the Firms' Capital Structure

Moretto, Michele; Panteghini, Paolo - 2021

In this article, we analyse the interactions between financial and start-up decisions in an oligopolistic framework, where firms compete to enter a new market. We show that preemption can substantially reduce the negative effects of credit rationing on start-up investment decisions

Persistent link: https://www.econbiz.de/10013317029

Inflation Expectations and Inflation Uncertainty in the Eurozone : Evidence from Survey Data

Arnold, Ivo J. M. - 2013

whether inflation uncertainty has diminished following the introduction of the Euro in Europe. Consumers' responses to the …. Regarding inflation uncertainty, the data indicate a relationship with country size, suggesting that within EMU, inflation … uncertainty may increase in countries that have a smaller influence on ECB policy …

Persistent link: https://www.econbiz.de/10012754359

Heterogeneity and Persistence in Returns to Wealth

Fagereng, Andreas - 2018

We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population data from Norway's administrative tax records. We document a number of novel results. First, during our sample period individuals earn markedly different average returns on their...

Persistent link: https://www.econbiz.de/10012913195

Persistence in Youth Unemployment

Caporale, Guglielmo Maria - 2012

This paper examines the degree of persistence of youth unemployment (total, male and female) in twenty-four countries by using two alternative measures: the AR coefficient and the fractional differencing parameter, based on short- and long-memory processes respectively. The evidence suggests...

Persistent link: https://www.econbiz.de/10013099234

A Note on the Time Series Measure of Conservatism

Brauer, Sebastian - 2010

Asymmetric persistence of accounting income is often tested in a regression of changes in earnings on lagged changes in earnings, including an interaction term for negative changes (see Basu [1997] or Ball et al. [2009] for a recent overview). In this note we propose an alternative, but closely...

Persistent link: https://www.econbiz.de/10013147269