Showing 1 - 10 of 1,493
This paper analyzes the cost of disinflations under real wage rigidities in a micro-founded New Keynesian model. The consensus is that real wage rigidities can be a useful mechanism to induce the inflation persistence that is absent in the standard Calvo model. Real wage rigidities thus generate...
Persistent link: https://www.econbiz.de/10012766891
ineffective. We can rationalize this result with a novel model about the credibility of cheap-talk messages. This credibility is … credibility and show, both theoretically and experimentally, an interaction effect of network structure and communication …
Persistent link: https://www.econbiz.de/10012870134
In recent years the academic world has experienced a mushrooming of journals that falsely pretend to be legitimate academic outlets. We study this phenomenon using information from 46,000 researchers seeking promotion in Italian academia. About 5% of them have published in journals included in...
Persistent link: https://www.econbiz.de/10012946585
brought about by the "credibility revolution," and the scientific value that follows from grounding estimation and … interpretation in economic theory. We discuss a menu of commonly employed partial equilibrium approaches to the identification of … case for a specific causal interpretation given the relevant economic theory, the data, the institutional context and the …
Persistent link: https://www.econbiz.de/10012985653
The COVID-19 pandemic brought unprecedented policy responses and a large literature evaluating their impacts. This paper re-examines and add to the evidence on the impact of COVID-19 mobility-restricting policies on mobility indicators. We first find that two-way fixed effects estimates are not...
Persistent link: https://www.econbiz.de/10014087467
credibility revolution in empirical work can be traced to the rise of a design-based approach that emphasizes the identification … their prima facie credibility and by the attention investigators devote to making the case for a causal interpretation of …
Persistent link: https://www.econbiz.de/10013146843
This paper examines the consequences of rapid disinflation for downward wage rigidities in two emerging countries, Brazil and Uruguay, relying on high quality matched employer-employee administrative data. Downward nominal wage rigidities are more important in Uruguay, while wage indexation is...
Persistent link: https://www.econbiz.de/10013123588
Both raw intuition and past experience suggest that the success of an employment guaranteescheme (EGS) in safeguarding the welfare of the poor depends both on the wage itpromises, and the ease with which any worker can gain access. An EGS is thus at once awage guarantee and a rationing device....
Persistent link: https://www.econbiz.de/10005862300
There is substantial empirical evidence showing that peer effects matter in many activities. The workhorse model in empirical work on peer effects is the linear-in-means (LIM) model, whereby it is assumed that agents are linearly affected by the mean action of their peers. We develop a new...
Persistent link: https://www.econbiz.de/10014345571
Following early economist Francis Y. Edgeworth's proposal to measure people's hedonic experiences as they go about their daily lives, we use a smartphone app that over eight years randomly asked a panel of 30, 936 UK residents (N = 2, 235, 733) about their momentary feelings and activities to...
Persistent link: https://www.econbiz.de/10014346670