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Inflation and corporate investment in selected OECD countries in the years 1960-2005 – an empirical analysis

Ciżkowicz, Piotr; Rzońca, Andrzej - 2010

Theoretical models point at various channels of the impact of inflation on corporate investment. This article attempts … corporate investment and inflation on the sample of 21 OECD countries in the years 1960-2005. The obtained negative relationship … relationship: marginal effect on corporate investment is higher at inflation rates between 3 and 5.5 per cent. These results …

Persistent link: https://www.econbiz.de/10015226310

Price Rigidity and Flexibility: Recent Theoretical Developments

Levy, Daniel - 2007

The price system, the adjustment of prices to changes in market conditions, is the primary mechanism by which markets function and by which the three most basic questions get answered: what to produce, how much to produce and for whom to produce. To the behaviour of price and price system,...

Persistent link: https://www.econbiz.de/10015224825

Price Setting and Price Adjustment in Some European Union Countries: Introduction to the Special Issue

Levy, Daniel; Smets, Frank - 2010

This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are included in this special issue. The studies, which use data from several European countries, were conducted as part of the European Central Bank’s Inflation Persistence Network.

Persistent link: https://www.econbiz.de/10015224831

Price Rigidity and Flexibility: New Empirical Evidence

Levy, Daniel - 2007

The marketplace, along with its price system, is the single most important institution in a western-style free enterprise economy. The ability of prices to adjust to changes in supply and demand conditions enables the market to function efficiently and lies behind the magical invisible hand...

Persistent link: https://www.econbiz.de/10015224834

Financial Development and Growth: Panel Cointegration Evidence from South-Eastern and Central Europe

Stojkoski, Viktor; Popova, Kristina; Tevdovski, Dragan - 2017

Ever since Schumpeter, macroeconomists have argued that financial development has a large and direct effect on the long run wealth of a nation. In this paper, we empirically investigate this relationship for a panel of 16 South-Eastern and Central European countries over the period 1995-2014 by...

Persistent link: https://www.econbiz.de/10015257160

What lessons does the COVID-19 pandemic teach us about banking liquidity and information share in the CEMAC zone?

Djimoudjiel, Djekonbe; T. Rostand, Dany Dombu; MBATINA … - 2024

The objective of this study is to assess the effect of COVID-19 on the situation of excess liquidity in the CEMAC zone. The results are obtained using Bayesian estimates of VAR models on monthly data on banks ranging from 2000 to 2020 for countries in CEMAC. The main results suggest the shock...

Persistent link: https://www.econbiz.de/10015271261

Financial Development and Growth: Panel Cointegration Evidence from South-Eastern and Central Europe

Stojkoski, Viktor; Popova, Kristina - 2016

Persistent link: https://www.econbiz.de/10015250541

Les Facteurs Explicatifs d'Efficience-X Dans Les Banques Tunisiennes : Une Approche De Frontière Stochastique

Zaghla, Abdessalem; Boujelbene, Younes - 2008

The Tunisian banks currently operate in a very competitive environment. Long-term viability of this sector depends on its degree of efficiency. Therefore a study relating to the determinants of X-Efficiency in Tunisian banks is of major interest. For that purpose, we made recourse to an...

Persistent link: https://www.econbiz.de/10015215001

The great dissolution: organization capital and diverging volatility puzzle

Che, Natasha Xingyuan - 2009

organizational investment, but general factors' impact on firm performance and a firm's correlation with others decrease with … organizational investment. Simulations of the general ... …

Persistent link: https://www.econbiz.de/10015215845

Impact of competition and business cycles on the behaviour of monopolistic markups in the Polish economy

Hagemejer, Jan; Gradzewicz, Michal - 2007

The aim of this study is to analyse the impact of competition, both internal and external, and of the business cycle on monopolistic markups in the Polish economy. The results show that there are significant markups in several sectors of the economy which complies with earlier estimations by the...

Persistent link: https://www.econbiz.de/10015217171