Showing 1 - 10 of 701
technological change: The diffusion of mechanized cotton spinning during the Industrial Revolution in France. We document new …
Persistent link: https://www.econbiz.de/10012481359
We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...
Persistent link: https://www.econbiz.de/10012481180
expected time of exchange rate realignment is determined by the time at which foreign exchange reserves in the Banque de France …. The estimation suggests that the expected timing of realignments was quite sensitive to the level of reserves in France …
Persistent link: https://www.econbiz.de/10012474911
An empirical model of time-varying realignment risk in an exchange rate target zone is developed. Expected rates of devaluation are estimated as the difference between interest race differentials and estimated expected rates of depreciation within the exchange rate band, using French...
Persistent link: https://www.econbiz.de/10012475326
We study the cross-sectional dispersion of prices paid by EMU importers for French products. We document a significant level of price dispersion both within product categories across exporters, and within exporters across buyers. This latter source of price discrepancies, sellers' price...
Persistent link: https://www.econbiz.de/10012480190
With a binding effective lower bound on interest rates and large government deficits, conventional policies are unviable and policymakers resort to unconventional policies, which target households' expectations directly. Using unique micro data and a difference-in-differences strategy, we assess...
Persistent link: https://www.econbiz.de/10012481594
In the automobile industry, as in many tradable goods markets, firms usually earn their highest market share within their domestic market. The goal of this paper is to disentangle the supply- and demand-driven sources of the home market advantage. While trade costs, foreign production costs, and...
Persistent link: https://www.econbiz.de/10012457086
Until the 1990's, US markets were more competitive than European markets. Today, European markets have lower concentration, lower excess profits, and lower regulatory barriers to entry. We document this surprising outcome and propose an explanation using a model of political support. Politicians...
Persistent link: https://www.econbiz.de/10012453020
using firm-level data in Chile, a non-OECD member under the considered time period, and France. We rely on two extensions of …-2001 in France, we first classify 20 comparable manufacturing industries in 6 distinct regimes that differ in the type of …
Persistent link: https://www.econbiz.de/10012457252
Urban economies are often heavily reliant on a small number of dominant industries, leaving them vulnerable to negative industry-specific shocks. This paper analyzes the long-run impacts of one such event: the large, temporary, and industry-specific shock to the British cotton textile industry...
Persistent link: https://www.econbiz.de/10012458197