Showing 1 - 10 of 161
correcting for measurement error, wages appear to be very sticky. In the average quarter, the probability that an individual will … consumer price inflation rate …
Persistent link: https://www.econbiz.de/10013141226
This paper provides a single welfare measure to show the effects of consumer price changes upon households in Ireland between 1999 and 2010. This measure combines an efficiency component using a Linear Expenditure System (LES) and an equity component using the Atkinson Social Welfare Function....
Persistent link: https://www.econbiz.de/10013124494
" specification. We propose a method to measure inflation and decompose it along articles' and authors' characteristics …
Persistent link: https://www.econbiz.de/10013084682
UK population growth over the last thirty-five years has been remarkably low in comparison with other countries; the population grew by just 7% between 1971 and 2004, less than all the other EU15 countries except Germany. The UK population has grown at a faster pace since the turn of the...
Persistent link: https://www.econbiz.de/10012777461
concludes with an empirical application to consumer price inflation in Germany, France and Italy, and re-examines the extent to … which ムobservedメ inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our … persistence of the aggregate inflation …
Persistent link: https://www.econbiz.de/10013129942
To combat a growing obesity problem, Mexico imposed a nationwide tax on drinks with added sugar, popularly referred to as a "soda tax," effective January 2014. Since the tax took effect nationwide, there is no conventional control group that can be used as a baseline to estimate how the tax...
Persistent link: https://www.econbiz.de/10013000062
We estimate direct and indirect effects of total factor productivity growth in manufacturing on US workers' earnings, housing costs, and purchasing power. Drawing on four alternative instrumental variables, we consistently find that when a city experiences productivity gains in manufacturing,...
Persistent link: https://www.econbiz.de/10012870205
This paper investigates whether exchange rate pass-through (ERPT) into import prices is a nonlinear phenomenon for five heavily indebted Euro area countries, namely the so-called GIIPS group (Greece, Ireland, Italy, Portugal, and Spain). Using logistic smooth transition models, we explore the...
Persistent link: https://www.econbiz.de/10013012797
In this paper, we estimate nominal and real (in temporal and spatial terms) urban wage premia (UWP) in Italy, with its economy characterized by the interplay between collective wage bargaining and spatial heterogeneity in the cost of living. Our dataset for the 2005-2015 period includes, for...
Persistent link: https://www.econbiz.de/10012858481
In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize … is high. We develop an open economy model with incomplete financial markets to show that headline inflation targeting … headline inflation, assigns zero weight to import prices …
Persistent link: https://www.econbiz.de/10013016274