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Dynamic Optimization Meets Budgeting : Unraveling Financial Complexities
Fenig, Guidon; Petersen, Luba - National Bureau of Economic Research - 2024
This paper explores sources of complexity in dynamic optimization, examining how individuals navigate variation in incomes, prices, and returns in ten-period consumption-saving decisions. Our findings reveal that dynamic optimization poses significant challenges, resulting in suboptimal choices...
Persistent link: https://www.econbiz.de/10015056146
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Global Production with Export Platforms
Tintelnot, Felix - 2016
Most international commerce is carried out by multinational firms, which use their foreign affiliates both to serve the market of the host country and to export to other markets outside the host country. In this paper, I examine the determinants of multinational firms' location and production...
Persistent link: https://www.econbiz.de/10012456439
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Privacy Protection and Accuracy : What Do We Know? Do We Know Things?? Let's Find Out!
Totty, Evan S.; Watson, Thor - National Bureau of Economic Research - 2024
Statistical agencies have a dual mandate to provide accurate data and protect the privacy and confidentiality of data subjects. These mandates are fundamentally at odds and therefore must be balanced: more accurate data reduces privacy, while privacy protections introduce error that reduces...
Persistent link: https://www.econbiz.de/10015072930
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"Aggregation Bias" DOES Explain the PPP Puzzle
Imbs, Jean - 2005
This article summarizes our views on the role of an "aggregation bias" in explaining the PPP Puzzle, in response to the … counter-examples which are not empirically relevant; (ii) simulation results minimizing the extent of "aggregation bias"; (iii … corrections. We conclude, as in our original paper, that "aggregation bias" goes a long way towards explaining the PPP puzzle …
Persistent link: https://www.econbiz.de/10012467070
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Does "Aggregation Bias" Explain the PPP Puzzle?
Chen, Shiu-Sheng - 2004
aggregation bias'. This paper re-examines aggregation bias. First, it clarifies the meaning of aggregation bias and its … that heterogeneity and aggregation bias do not help to solve the PPP puzzle …
Persistent link: https://www.econbiz.de/10012468389
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The Transmission Mechanism of Monetary Policy in Europe : Evidence from Banks' Balance Sheets
Favero, Carlo A. - 1999
implement a case-study on the response of banks in France, Germany, Italy and Spain to a monetary tightening. The episode we …
Persistent link: https://www.econbiz.de/10012471558
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Hysteresis and the European Unemployment Problem
Blanchard, Olivier J. - 1986
equilibrium unemployment. We then confront the theory to both the detailed facts of …standard theories can possibly explain. We develop a theory which can explain such …
Persistent link: https://www.econbiz.de/10012477122
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Pricing to Market when the Exchange Rate Changes
Krugman, Paul - 1986
It has been widely remarked that US import prices have not fully reflected movements in the exchange rate. This paper begins with an investigation of the actual extent of "pricing to market" by foreign suppliers. It shows that pricing to market is a real phenomenon, but not universal; in...
Persistent link: https://www.econbiz.de/10012477148
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Estimates of the Value of Patent Rights in European Countries During thePost-1950 Period
Schankerman, Mark - 1985
This paper examines the distribution of the values of patent rights in the United Kingdom, France, and Germany during …
Persistent link: https://www.econbiz.de/10012477430
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MPC Heterogeneity in Europe : Sources and Policy Implications
Ampudia, Miguel - 2018
policy-induced variations in stock returns. Finally, monetary contractions have a larger impact on consumption in Germany and …
Persistent link: https://www.econbiz.de/10012480733