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migration of Medicare patients to separate the role of demand and supply factors. Our approach allows us to account for demand … in utilization is attributable to patient demand, with the remainder due to place-specific supply factors. Demand …
Persistent link: https://www.econbiz.de/10013031212
-constrained consumers' access to financial markets make demand insensitive to interest rate fluctuations. The demand of credit … price sector influence aggregate demand and, for monetary policy to have its desired effect, the central bank has to …
Persistent link: https://www.econbiz.de/10013133080
demand estimates. We study a new dataset from a wireless inventory system installed on 54 vending machines to track product … availability every four hours. The data allow us to account for product availability when estimating demand, and provides a … availability even when availability is only observed periodically. We find significant differences in demand estimates, with the …
Persistent link: https://www.econbiz.de/10012758419
demand of new margin and clearing practices and regulations. We decompose collateral demand for both customers and dealers … impact on collateral demand of more widespread initial margin requirements, increased novation of CDS to central clearing …-specialized types, and client clearing. Among other results, we show that system-wide collateral demand is increased significantly by …
Persistent link: https://www.econbiz.de/10013059087
We document how demand shocks in export markets lead French multi-product exporters to re-allocate the mix of products … sold in those destinations. In response to positive demand shocks, those French firms skew their export sales towards their … multiproduct firms and derive the specific demand conditions needed to generate these product-mix reallocations. These demand …
Persistent link: https://www.econbiz.de/10012986299
preference shifter. We then develop a tractable estimation procedure and apply it to Cambridge. Estimates suggest that while 82 …
Persistent link: https://www.econbiz.de/10013039757
We study the determinants of comparative advantage in polluting industries. We combine data on environmental policy at the country level with data on pollution intensity at the industry level to show that countries with laxer environmental regulation have a comparative advantage in polluting...
Persistent link: https://www.econbiz.de/10013101512
US energy sector. The model's quantitative implications match a range of moments not targeted in the estimation quite …
Persistent link: https://www.econbiz.de/10013031480
Using data on exogenous liquidity losses generated by the fraud and failure of a cash-in-transit firm, we demonstrate a causal impact on firms' trade credit usage. We find that firms manage liquidity shortfalls by increasing the amount of drawn credit from suppliers and decreasing the amount...
Persistent link: https://www.econbiz.de/10012990784
yield curve. Monetary policy in France, Germany, Great Britain, Sweden and the United States is interpreted with the help of …
Persistent link: https://www.econbiz.de/10013214576