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This paper is the first to document the presence of a private premium in public bonds. We find that spreads are 31 basis points higher for public bonds of private companies than for bonds of public companies, even after controlling for observable differences, including rating, financial...
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price model to display volatility and comovement of factor inputs and factor prices that are more closely in line with …
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policies that arise in response to inflation concerns engendered by rising oil prices? Can systematic monetary policy be used … monopolistic competition in which oil and money matter to study these questions. The economy's response to oil-price shocks is … examined under a variety of monetary policy rules in environments with flexible and sticky prices. The authors find that easy …
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The computerization of retailing has made price dispersion a norm in the United States, so that any given list price or transactions price is an increasingly imperfect measure of a product's resource cost. As a consequence, measuring the real output of retailers has become increasingly...
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