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Central Bank Credibility, Reputation and Inflation Targeting in Historical Perspective
Bordo, Michael - 2014
This paper examines the historical evolution of central bank credibility using both historical narrative and empirics … financial stability relying on macro prudential regulation may pose significant challenges for central bank credibility …
Persistent link: https://www.econbiz.de/10012457973
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Price Setting in Online Markets : Basic Facts, International Comparisons, and Cross-border Integration
Gorodnichenko, Yuriy - 2014
We document basic facts about prices in online markets in the U.S. and Canada, a rapidly growing segment of the retail sector. Relative to prices in regular stores, prices in online markets are more flexible as well as exhibit stronger pass-through (60-75 percent) and faster convergence...
Persistent link: https://www.econbiz.de/10012458260