Showing 1 - 10 of 247
This paper argues that expectations are an important element that need to be included into the analysis of the effects of the minimum wage on employment. We show in a standard matching model that the observed employment effect is higher the lower is the likelihood associated with the minimum...
Persistent link: https://www.econbiz.de/10010321461
Emerging market and developing economies (EMDEs) have experienced an extraordinary decline in inflation since the early … 1970s. After peaking in 1974 at 17.3 percent, inflation in these economies declined to 3.5 percent in 2017. Despite a … checkered history of managing inflation among many EMDEs, disinflation occurred across all regions. This paper presents a …
Persistent link: https://www.econbiz.de/10012060219
reduced by roughly 25 percent or taxes will need to be increased by about 33 percent, or some combination to avoid benefit … implications for inflation. …
Persistent link: https://www.econbiz.de/10014581826
This paper analyzes the evolution of gender segregation in the workplace in Mexico between 1994 and 2004, using a …
Persistent link: https://www.econbiz.de/10010278216
Romer and Romer (2004) propose a simple method to estimate monetary policy shocks using forecasts and real-time data. However, such data is not always (publicly) available, especially in a historical context. We explore the consequences of using revised data instead of the original forecast and...
Persistent link: https://www.econbiz.de/10013208910
This paper introduces a global database that contains inflation series: (i) for a wide range of inflation measures … (headline, food, energy, and core consumer price inflation; producer price inflation; and gross domestic product deflator … available sources, our database constitutes a comprehensive, single source for inflation series. We illustrate the potential use …
Persistent link: https://www.econbiz.de/10012628459
secondary sources to assemble two new databases on wages and commodity prices to establish a new regional consumer price index …
Persistent link: https://www.econbiz.de/10012662676
There have been more than 500,000 opioid overdose deaths since 2000. To analyze the opioid epidemic, we construct a model where individuals, with and without pain, choose whether to misuse opioids knowing the probabilities of addiction and dying. These odds are functions of opioid use. Markov...
Persistent link: https://www.econbiz.de/10014278374
. Businesses indicated that their prices were strongly influenced by demand, a desire to maintain steady profit margins, and wages … and labor costs. Survey respondents expected reduced growth in costs and prices of about 5 percent on average over the …
Persistent link: https://www.econbiz.de/10014388419
This paper investigates the relationship between money growth, inflation, and productive activity in a general … channel by which inflation can positively influence productive activity. This feature also creates the possibility of multiple …
Persistent link: https://www.econbiz.de/10010397425