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Innovation and growth with financial, and other, frictions
Chiu, Jonathan; Meh, Césaire Assah; Wright, Randall D. - 2011
a model of endogenous growth with frictions. Productivity increases with knowledge, which advances via innovation, and … innovation. First, intermediation allows us to finance more transactions with fewer assets. Second, it ameliorates certain …, suggesting that technology transfer is a significant source of innovation and showing how it is affected by credit considerations …
Persistent link: https://www.econbiz.de/10009355179
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Market structure and cost pass-through in retail
Hong, Gee Hee; Li, Nicholas - 2013
We examine the extent to which vertical and horizontal market structure can together explain incomplete retail pass-through. To answer this question, we use scanner data from a large U.S. retailer to estimate product level pass-through for three different vertical structures: national brands,...
Persistent link: https://www.econbiz.de/10009714472
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Capital-goods imports and US growth
Cavallo, Michele; Landry, Anthony - 2018
Capital-goods imports have become an increasing source of growth for the U.S. economy. To understand this phenomenon, we build a neoclassical growth model with international trade in capital goods in which agents face exogenous paths of total factor and investment-specific productivity measures....
Persistent link: https://www.econbiz.de/10011777748
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Anonymous credentials : secret-free and quantum-safe
Kazmi, Raza Ali; Minwalla, Cyrus - 2023 - Last updated: September 28, 2023
An anonymous credential mechanism is a set of protocols that allows users to obtain credentials from an organization and demonstrate ownership of these credentials without compromising users' privacy. In this work, we construct the first secret-free and quantum-safe credential mechanism. The...
Persistent link: https://www.econbiz.de/10014456631
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Firm size and monetary policy transmission : evidence from German business survey data
Ehrmann, Michael - 2000
Persistent link: https://www.econbiz.de/10013434299
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The Central Bank as a risk manager : quantifying and forecasting inflation risks
Kilian, Lutz - 2003
Persistent link: https://www.econbiz.de/10013434554
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McCallum rules, exchange rates, and the term structure of interest rates
Díez de los Ríos, Antonio (contributor) - 2008
McCallum (1994a) proposes a monetary rule where policymakers have some tendency to resist rapid changes in exchange rates to explain the forward premium puzzle. We estimate this monetary policy reaction function within the framework of an affine term structure model to find that, contrary to...
Persistent link: https://www.econbiz.de/10003775749
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Investment and monetary policy in the euro area
Mojon, Benoît - 2001
Persistent link: https://www.econbiz.de/10013434096
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On the effectiveness of sterilized foreign exchange intervention
Fatum, Rasmus - 2000
Persistent link: https://www.econbiz.de/10013434285