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Persistent link: https://www.econbiz.de/10003498627
estate, as well as the costs of public goods to develop alternative inflation measures in Germany since the introduction of … the euro. Real economic growth as well as median wage developments are reexamined in light of the alternative inflation …
Persistent link: https://www.econbiz.de/10012291889
We analyze price dispersion using panel data from a large price comparison site. We use past pricing behavior to … greater price adjustment costs result in greater price dispersion. Although the impact of price adjustment costs on price … dispersion became weaker over time, the causal effect of price adjustment costs on price dispersion is still present at the end …
Persistent link: https://www.econbiz.de/10011973911
exogenous value-added tax reform in Germany, I use an event study and a differences-in-differences approach to investigate the … insignificant effect on prices. However, there are differences in tax incidence between commodity groups and anticipatory price …
Persistent link: https://www.econbiz.de/10012404571
concludes with an empirical application to consumer price inflation in Germany, France and Italy, and re-examines the extent to … which "observed" inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our … persistence of the aggregate inflation. -- aggregation ; large dynamic panels ; long memory ; weak and strong cross section …
Persistent link: https://www.econbiz.de/10009010169
prices for gas to Germany move proportionally over time, indicating an integrated gas market (the Law of One Price holds). We …. Among the explanatory factors for price discrepancies are differences in volume flexibility (swing) and perceived political … substantial price differences between gas from different export countries, and do prices move together? Time series of Norwegian …
Persistent link: https://www.econbiz.de/10009781639
This paper reports the results from a statistical analysis of pharmaceutical price negotiations in Germany, where the …' launch strategy (freely chosen first year price) still has a major impact on pricing while the impact of the additional …
Persistent link: https://www.econbiz.de/10012119750
This paper studies the price and employment response of firms to the introduction of a nation-wide minimum wage in … Germany. In line with previous studies, the estimated employment effect is only modestly negative and statistically … insignificant. In contrast, affected firms increased prices much more frequently. The price effect is prevalent across different …
Persistent link: https://www.econbiz.de/10011990059
transfer scheme called "gas price brake." A unique feature of this energy price relief measure is that both households and the … industry receive a transfer that increases in one's actual gas price. In a formal model, we show that such a transfer scheme … overcome this adverse effect of the gas price brake. An equivalent critique applies to the electricity price brake that is to …
Persistent link: https://www.econbiz.de/10013473667
shocks have large and persistent price effects, while output effects tend to be moderate. The 2022 natural gas price spike … was driven by adverse supply shocks and positive storage demand shocks, as Germany filled its inventories before the … winter. Counterfactual simulations of an embargo on natural gas imports from Russia indicate similar positive price and …
Persistent link: https://www.econbiz.de/10014576948