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The elasticity of substitution between domestic and imported goods is a central parameter in macroeconomic models, but after decades of empirical studies there is no consensus on its magnitude. Earlier literature using time series arrives at low values, while more recent studies using...
Persistent link: https://www.econbiz.de/10013100338
bias. In order to evaluate the regional bias hypothesis, we augment individual Taylor rules for the Federal Reserve Bank … rules reveal that the preferences of some Federal Reserve Bank Presidents were not free of a regional bias. Augmented Taylor …
Persistent link: https://www.econbiz.de/10013047995
This paper studies the causal effect of gender bias on access to bank credit. We extract an exogenous measure of gender … bias from survey responses by descendants of US immigrants on questions about the role of women in society. We then use … data on 6,000 small business firms from 17 countries and find that in countries with higher gender bias, female-owned firms …
Persistent link: https://www.econbiz.de/10013019627
average effect of elementary index bias on national inflation ranges from -0.45 to 0.45 percentage points depending on the …We provide evidence on the effect of elementary index choice on inflation measurement. Using scanner data for 15844 … indexes using nine different elementary index formulas. Measured inflation outcomes of the different index formulas are …
Persistent link: https://www.econbiz.de/10013040610
inflation rates. Most importantly, for each survey round, the aggregate survey results based on the average of the individual …
Persistent link: https://www.econbiz.de/10013316742
IFC as the debt bias would fall. However, when other considerations eclipse competence and give the incumbent a strong … electoral advantage or disadvantage, setting up an IFC may be counterproductive as the debt bias would increase. If the … bias if voters care sufficiently about policymakers' competence; (ii) not all political environments are conducive to the …
Persistent link: https://www.econbiz.de/10012949941
rule that is based on incorrect parameter values. I focus on two parameters — the degree of inflation inertia and the …
Persistent link: https://www.econbiz.de/10011604523
In this paper we explore the link between the intensity of product market competition and inflation rates across EU … countries and sectors. We consider long-term averages of inflation rates in order to remove the cyclical behavior of inflation … product market competition, as proxied by the level of mark-up in particular, is an important driver of inflation …
Persistent link: https://www.econbiz.de/10011604499
setting behaviour of Portuguese firms. Inflation, the level of economic activity and the magnitude of the last price change …
Persistent link: https://www.econbiz.de/10011604557
This paper shows that inflation in industrialized countries is largely a global phenomenon. First, inflations of (22 … associated to Global Inflation is not only due to the trend components of inflation (up from 1960 to 1980 and down thereafter …) but also to fluctuations at business cycle frequencies. Second, Global Inflation is, consistently with standard models of …
Persistent link: https://www.econbiz.de/10011604583