necessarily associated with large adjustment costs. Indeed, extrinsic rigidity appears to be significant in many cases. We also … find that asymmetry in the price adjustment could be due to trends in marginal costs and/or desired mark-ups rather than … asymmetric cost of adjustment bands. …

distinguish between three adjustment mechanisms: through factor prices, through an expansion in the size of those production units … supply shocks do not induce factor price changes in the tradable sector. In this sector, most of the adjustment to changes in … exit the market are an important additional channel of adjustment. Finally, we demonstrate that an industry level analysis …

Sustainable Development Goals and the World Bank's twin goals, the new poverty line was chosen so as to preserve the definition … the global count, we find 12.7 percent of the world's population, or 897 million people, are living in extreme poverty …

previous round of PPP data from 2005 led to a large increase in the estimated number of poor in the world. The 2011 price data … world. This paper presents evidence that if the global poverty line is updated with the 2011 PPP data based on the same set …

We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … an otherwise standard dynamic neoclassical model of monopolistic competition. The resulting theory of price adjustment is … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility …

How does the asymmetry of labor market institutions affect the adjustment of a currency union to shocks? To answer this … structures worsen the adjustment of a currency union to shocks. -- currency union ; labor market frictions ; real wage rigidities …