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Breaking monetary policy news : the role of mass media coverage of ECB announcements for public inflation expectations
Hirsch, Patrick; Feld, Lars P.; Köhler, Ekkehard A. - 2023
Using the variation in national television news of four major member states in the Eurozone, we find causal effects of coverage of high-frequency identified monetary policy announcements on households' inflation expectations in an event study and a generalized Difference-in-Differences approach...
Persistent link: https://www.econbiz.de/10013550202
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Impact of roaming regulation on revenues and prices of mobile operators in the EU
Grzybowski, Lukasz; Muñoz-Acevedo, Ángela - 2021
We empirically assess the impact of the EU roaming regulation on mobile operators' average revenues per user (ARPU) and …-level data we find that the regulation decreased mobile operator's revenues per user, while it had no impact on tariffs during … the latest phase of the regulation. …
Persistent link: https://www.econbiz.de/10012602181
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Regulation, financial crises, and liberalization traps
Marchionne, Francesco; Pisicoli, Beniamino; Fratianni, … - 2019
regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to …: it rises as regulation stringency moves from low to medium levels and falls from medium to high levels. Countries located …
Persistent link: https://www.econbiz.de/10012030889
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Estimating the effects of regulation when treated and control firms compete : a new method with application to the EU ETS
Barrows, Geoffrey; Calel, Raphael; Jégard, Martin; … - 2023
This paper presents a method for estimating treatment effects of regulations when treated and control firms compete on the output market. We develop a GMM estimator that recovers reduced-form parameters consistent with a model of differentiated product markets with multi-plant firms, and use...
Persistent link: https://www.econbiz.de/10014282440
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The impact of market regulations on intra-European real exchange rates
Bénassy-Quéré, Agnès; Coulibaly, Dramane - 2013
We study the contribution of market regulations in the dynamics of the real exchange rate within the European Union. Based on a model proposed by De Gregorio et al. (1994a), we show that both product market regulations in nontradable sectors and employment protection tend to inflate the real...
Persistent link: https://www.econbiz.de/10009691682
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Evaluating the impact of price caps : evidence from the European roam-like-at-home regulation
Canzian, Giulia; Mazzarella, Gianluca; Verboven, Frank; … - 2021
The roam-like-at-home regulation (RLAH) eliminated all mobile roaming surcharges to Eu-ropean consumers travelling … within the European Economic Area (EEA). We measure the causal impact of the regulation on EEA roaming traffic, using the … revenues. To evaluate the welfare effects of the regulation, we develop a framework that includes consumer surplus, retail and …
Persistent link: https://www.econbiz.de/10012622563
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EU accession : a boon or bane for corruption?
Alfano, Vincenzo; Capasso, Salvatore; Goel, Rajeev K. - 2020
The formation and expansion of the European Union (EU) have attracted much attention. However, the impact on the level of corruption in a nation after joining the Union has not been formally studied. Any nation that joins the European Union potentially faces two different and opposite effects on...
Persistent link: https://www.econbiz.de/10012199848
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Vertical market power in interconnected natural gas and electricity markets
Marks, Levi; Mason, Charles F.; Mohlin, Kristina; … - 2017
consider improvements to market design and regulation as these two energy markets become increasingly interlinked. …
Persistent link: https://www.econbiz.de/10011735963
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The energy community and the grid
Gautier, Axel; Jacqmin, Julien; Poudou, Jean-Christophe - 2023
Renewable energy communities involve various agents who decide to jointly invest in renewable production units and storage. This paper examines how these communities interact with the energy system and can decrease its overall cost. First, we show that a renewable energy community can contribute...
Persistent link: https://www.econbiz.de/10013536160
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Macroprudential capital regulation and fiscal balances in the euro area
Hristov, Nikolay; Hülsewig, Oliver; Kolb, Benedikt - 2024
in macroprudential capital regulation. Our findings suggest a dichotomy between country groups. In peripheral countries … core countries, the cyclically adjusted primary balance ratio barely reacts to a sudden tightening in capital regulation. …
Persistent link: https://www.econbiz.de/10014485633