. The main issue we focus on is how the euro may alter the responsiveness of consumer prices to exchange rate changes. Our … central conjectures is that the acceptance of the euro will lead European prices to become more insulated from exchange …

This study grounds the establishment of EMU and the euro in the context of the history of international monetary … for a more expansive monetary policy. Such demands might arise in some parts or regions or countries of the euro area, but …

We consider nonparametric identification in models of differentiated products markets, using only market level … models widely used in applied work. We allow for product/market-specific unobservables, endogenous product characteristics (e …

behavior in the car market. We show that a social planner can use leasing contracts to improve welfare but they are imperfect … tools; they cannot generally achieve first best while other mechanisms can. We also show that a producer with market power … can benefit from leasing contracts for two reasons: better pricing of the option of keeping the used good, and market …

the demand and suppoly for labor-intensive care. Many economists have argued that aging will raise the market demand for … long-term care, and hence price and quantity through classic market effects. We argue that the direct effect of aging is to … lower the demand for market care by incresing the supply of home production. By influencing the length of frail lifetimes …

approximates Harris' (1954) market-potential function. The estimation results show how far demand linkages extend across space and …