Showing 1 - 10 of 38
countries and product categories, in the euro area over the last fifteen years. Our results show that the transmission of … the introduction of the euro caused a structural change in this transmission. Although estimated point elasticities seem … to have declined since the introduction of the euro, we find little evidence of a structural break in the transmission of …
Persistent link: https://www.econbiz.de/10012467045
We assess substitutable and complementary relationships among eight national advertising media classes, as well as the magnitude of their own-price elasticities. We use a translog demand model, whose parameters we estimate by three-stage least squares, based on 1960-94 annual U.S. data.We find...
Persistent link: https://www.econbiz.de/10012470092
To investigate how fuel economy is valued in the Indian car market, we compute the cost to Indian consumers of … hedonic price functions for four market segments (petrol hatchbacks, diesel hatchbacks, petrol sedans, and diesel sedans) to … associated present value of fuel savings falls within the 95 percent confidence interval for some specifications, in all market …
Persistent link: https://www.econbiz.de/10012461670
This paper is the first to study empirically the effects of European antidumping actions on import diversion from importers 'named' in an antidumping investigation, and potentially subject to protectionist measures, to countries not named' in the investigation. For this purpose we use a unique...
Persistent link: https://www.econbiz.de/10012471444
This paper examines the macroeconomic aftermath of the 1992 breakdown of the European Exchange Rate Mechanism (ERM). The economic performance of six leaver' nations is compared with five stayer' nations that maintained a roughly fixed parity with the Deutsche Mark. Recent writing about...
Persistent link: https://www.econbiz.de/10012471843
This paper asks whether a textbook Phillips curve can explain the behavior of core inflation in the euro area. A … inflation since the creation of the euro are well explained by three factors: expected inflation (as measured by surveys of …
Persistent link: https://www.econbiz.de/10012480393
We quantify the importance of non-monetary news in central bank communication. Using evidence from four major central banks and a comprehensive classification of events, we decompose news conveyed by central banks into news about monetary policy, economic growth, and separately, shocks to risk...
Persistent link: https://www.econbiz.de/10012480685
This paper studies household financial choices in four euro area countries. The goal of the analysis is to understand …. The estimation of key parameters uses a simulated method of moments approach to match moments related to asset market … household income and asset market returns, has a differential impact on individuals within and across countries. Generally, poor …
Persistent link: https://www.econbiz.de/10012480733
Standard methods for estimating total factor productivity (TFP) growth assume that economic profits are zero and adjustment costs are negligible. Moreover, following the seminal contribution of Basu, Fernald and Kimball (2006), they use changes in hours per worker as a proxy for unobserved...
Persistent link: https://www.econbiz.de/10012482228
The COVID-19 pandemic has forced federal, state and local policymakers to respond by legislating, enacting, and enforcing social distancing policies. However, the impact of these policies on healthcare utilization in the United States has been largely unexplored. We examine the impact of...
Persistent link: https://www.econbiz.de/10012482350