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The purpose of this paper is to examine the relationship between the price of alcoholic beverages and the incidence of … violence is well documented, as is the negative relationship between the quantity of alcohol consumed and its price. These two … reduced form model is estimated where the probability of being a victim of violent crime is determined by the price of alcohol …
Persistent link: https://www.econbiz.de/10012471295
enough, however, the relative price of capital goods, an important component of the user cost of capital, has never been …
Persistent link: https://www.econbiz.de/10012471649
This study is an attempt to evaluate the effects of product and labour market regulations on industry productivity through their various impacts on changes in production prices and wages. In a first stage, the estimation of a regression equation on an industry*country panel, with controls for...
Persistent link: https://www.econbiz.de/10012458102
countries where its international relative price (the real exchange rate) is also high. We reconsider the relation between cross … the overall lack of risk sharing, with the tradable price component playing the dominant role in accounting for efficiency …
Persistent link: https://www.econbiz.de/10012461156
there is evidence of positive 'short-run' correlations for some countries it is not very robust to the choice of the price …
Persistent link: https://www.econbiz.de/10012470531
marginal cost schedule, aggregate output can vary if and only if the markup of price over marginal cost varies. In this review …
Persistent link: https://www.econbiz.de/10012471902
run and supply shocks dominate in the long run can explain the empirical results, while standard sticky-price models with …
Persistent link: https://www.econbiz.de/10012473303
We study the cyclical properties of sales, regular price changes and average prices paid by consumers ("effective …. Both the frequency and size of sales fall when local unemployment rates rise and yet the inflation rate for effective …
Persistent link: https://www.econbiz.de/10012460387
Based on a sample of 56 countries, we find that while fiscal policy in the G-7 countries appears to be broadly consistent with Barro's tax smoothing proposition, in developing countries government spending and taxes are highly procyclical (i.e., government spending rises and taxes fall during...
Persistent link: https://www.econbiz.de/10012471277
model such as money neutrality, labor market structure, and price adjustment, but also on the closure of the model in …
Persistent link: https://www.econbiz.de/10012471707