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Scandinavian, and British models. The role of trust in securing micro and macro flexibility also receives attention, leading to the …
Persistent link: https://www.econbiz.de/10011408196
not just public health and the economy but also societies. We focus on one pillar of society - trust - and explore how … trust correlates with the individual experiences of the pandemic. The analysis is based on a new global survey - 'Life with … are unemployed exhibit lower trust in people, institutions, and in general. By contrast, no such differences exist for …
Persistent link: https://www.econbiz.de/10012239442
In Europe differences among countries in the overall change in happiness since the early 1980s have been due chiefly to the generosity of welfare state programs - increasing happiness going with increasing generosity and declining happiness with declining generosity. This is the principal...
Persistent link: https://www.econbiz.de/10013502264
Using data on the US and EU top R&D spenders from 2004 until 2012, this paper investigates the sources of the US/EU … in the high-tech industries), and this contributes to explaining the higher productivity of US firms. Conversely, EU …-tech sectors. Our results also show that the US/EU productivity gap has worsened during the crisis period, as the EU companies have …
Persistent link: https://www.econbiz.de/10011476418
crisis and find that US states had more COVID-related deaths than EU countries. When taking account of demographic, economic ….3 % higher in a US state than in an EU country. The US/EU gap disappears when we take account of health-policy related factors … US fatalities measured either 50 or 100 days after the epidemic started in a nation/state. …
Persistent link: https://www.econbiz.de/10012290644
We document how supply-chain pressures, household inflation expectations, and firm pricing power interacted to induce the pandemic-era surge in consumer price inflation in the euro area. Initially, supply-chain pressures increased inflation through a cost-push channel and raised inflation...
Persistent link: https://www.econbiz.de/10014421216
that have been selected based on a business plan competition. One group received large cash grants of up to US$8,000, with …. All firms operate in agribusiness or related activities in a semi-urban area. An assessment of the short-term impacts …
Persistent link: https://www.econbiz.de/10012705581
In this paper we theoretically and empirically model import demand and export supply behavior of firms for the U.S … derive devaluation elasticities and some estimates of the equilibrium real exchange rate that would cause the U.S. trade …
Persistent link: https://www.econbiz.de/10012477060
Empirical evidence has long shown that output varies more in the short-run than do all factor inputs, including employment and hours worked. There is also evidence that all factors, including capital, start adjusting within a few months, suggesting that production models should treat all...
Persistent link: https://www.econbiz.de/10012477457
If stock-outs are ignored and if demand shocks are additive, then optimal behavior requires that the marginal cost of production (MC) be equated with the expected marginal revenue of increasing expected sales by one unit (EMR). However,with more general demand shocks (and still ignoring...
Persistent link: https://www.econbiz.de/10012477522