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The relationship between prices and output in the UK and the US
Caporale, Guglielmo Maria; Claudio-Quiroga, Gloria; … - 2021
find that the only significant relationship implies the existence of a lagged effect of prices on output in the case of the …
Persistent link: https://www.econbiz.de/10012494781
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The UK's great demand and supply recession
Jacob, Nick; Mion, Giordano - 2020
framework and firm-level prices and quantities data for detailed products allowing us to both measure demand, and its changes …
Persistent link: https://www.econbiz.de/10012387534
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Optimal stabilization in an emission permits market
Gerlagh, Reyer; Wan, Roweno J.R.K - 2018
Prices, and reduces price volatility. Our findings are important for emission trading schemes worldwide, such as California …
Persistent link: https://www.econbiz.de/10011810102
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Uncertainty and hyperinflation : European inflation dynamics after World War I
López, José A.; Mitchener, Kris - 2018
Fiscal deficits, elevated debt-to-GDP ratios, and high inflation rates suggest hyperinflation could have potentially emerged in many European countries after World War I. We demonstrate that economic policy uncertainty was instrumental in pushing a subset of European countries into...
Persistent link: https://www.econbiz.de/10011855599
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On the productivity advantage of cities
Jacob, Nick; Mion, Giordano - 2020
firms' revenue, quantity and prices to estimate TFP and TFP-R and decompose the latter into various elements. Our analysis … suggests that the revenue productivity advantage of denser areas is mainly driven by higher prices charged rather than …, despite higher prices. These and other results we document suggest that firms in denser areas are able to charge higher prices …
Persistent link: https://www.econbiz.de/10012211220
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A retrospective study of state aid control in the German broadband market
Duso, Tomaso; Nardotto, Mattia; Seldeslachts, Jo - 2021
significantly increased in the municipalities receiving aid. This additional entry decreased average prices. Therefore, the …
Persistent link: https://www.econbiz.de/10012433753
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Firms and economic performance : a view from trade
Bonfiglioli, Alessandra; Crinò, Rosario; Gancia, Gino … - 2019
We use transaction-level US import data to compare firms from virtually all countries in the world competing in a single destination market. Guided by a simple theoretical framework, we decompose countries. market shares into the contribution of the number of firm-products, their average...
Persistent link: https://www.econbiz.de/10011955762
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Evaluating market consolidation in mobile communications
Genakos, Christos; Valletti, Tommaso M.; Verboven, Frank - 2017
We study the dual relationship between market structure and prices and between market structure and investment in … mobile telecommunications. Using a uniquely constructed panel of mobile operators’ prices and accounting information across … 33 OECD countries between 2002 and 2014, we document that more concentrated markets lead to higher end user prices …
Persistent link: https://www.econbiz.de/10011659539
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Optimal central bank conservatism and monopoly trade unions
Berger, Helge; Hefeker, Carsten; Schöb, Ronnie - 2001
OPTIMThe conservative central banker has come under attack recently. Explicitly modeling the interaction of a trade union with monetary policy, it has been argued that the standard solution to the inflationary bias in monetary policy might actually be welfare reducing if the trade union has an...
Persistent link: https://www.econbiz.de/10011397779
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Federal monetary policy
Hefeker, Carsten - 2001
What is the optimal institutional structure for an independent central bank? The paper shows when it will be optimal for a country to have a central bank to be organized according to federal, purely national or a combination of both aspects. The analysis is then extended to a supranational...
Persistent link: https://www.econbiz.de/10011398004