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The digital economy, privacy, and CBDC
Ahnert, Toni; Hoffmann, Peter; Monnet, Cyril - 2022
independent digital payment instrument (a CBDC) that allows agents to share their payment data with selected parties can overcome …
Persistent link: https://www.econbiz.de/10013193453
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Cross-country price and inflation dispersion : retail network or national border?
Messner, Teresa; Rumler, Fabio; Strasser, Georg - 2023
grocery prices in the otherwise homogenous and highly integrated border region of Austria and Germany. Using transaction data …
Persistent link: https://www.econbiz.de/10013552597
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Satellites turn "concrete" : tracking cement with satellite data and neural networks
D'Aspremont, Alexandre; Arous, Simon Ben; Bricongne, … - 2024
and plant-level data. Overall, we show that combining satellite images and machine learning allows to track economic …
Persistent link: https://www.econbiz.de/10014484491
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Exploring the international linkages of the euro area : a global VAR analysis
Dées, Stéphane; Di Mauro, Filippo; Pesaran, M. Hashem; … - 2005
This paper presents a quarterly global model linking individual country vector errorcorrecting models in which the domestic variables are related to the country-specific foreign variables. The global VAR (GVAR) model is estimated for 26 countries, the euro area being treated as a single economy,...
Persistent link: https://www.econbiz.de/10003230466
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Digitalisation and the economy
Dedola, Luca; Ehrmann, Michael; Hoffmann, Peter; Lamo, Ana - 2023
Digitalisation has fundamentally changed the global economy and will continue to do so. This paper draws on economic research to identify some of its key implications for labour markets, inequality, e-commerce and the financial system. Beyond its potential to boost productivity and living...
Persistent link: https://www.econbiz.de/10014278692
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Changes in the wage structure in EU countries
Christopoulou, Rebekka; Jimeno, Juan F.; Lamo, Ana - 2010
institutional developments in shaping these changes. Using comparable cross-country microeconomic data, we compute for each country …
Persistent link: https://www.econbiz.de/10003973351
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Ramsey monetary policy with labour market frictions
Faia, Ester (contributor) - 2007
This paper studies the design of optimal monetary policy (in terms of unconstrained Ramsey allocation) in a framework with sticky prices and matching frictions. Furthermore I consider the role of real wage rigidities. Optimal policy features significant deviations from price stability in...
Persistent link: https://www.econbiz.de/10003410434
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Credit card interchange fees
Rochet, Jean-Charles; Wright, Julian - 2009
monopoly card network always selects an interchange fee that exceeds the level that maximizes consumer surplus. If regulators …
Persistent link: https://www.econbiz.de/10003969445
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China's footprint in global financial markets
Lodge, David; Manu, Ana-Simona; Van Robays, Ine - 2023
Using daily data since 2017, we disentangle China-specific structural shocks driving Chinese financial markets and … examine spillovers across global markets. The novelty of this paper consists of simultaneously identifying China shocks with … markets - to ensure that China spillover estimates do not reflect common factors. Our results show that shocks originating in …
Persistent link: https://www.econbiz.de/10014481121
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Globalisation, domestic inflation and global output gaps : evidence from the euro area
Calza, Alessandro (contributor) - 2008
global output gap (the global output gap hypothesisʺ) holds for the euro area. The empirical analysis uses quarterly data … data) are considered. We find little evidence that global capacity constraints have either explanatory or predictive power …
Persistent link: https://www.econbiz.de/10003778776