We estimate the effect of demand and price uncertainty on firms’ investment decisions from a panel of manufacturing firms. Uncertainty measures are derived from firms’ subjective qualitative expectations. They are close to their theoretical counterparts, the variances of future demand and...

Starting from the assumption that firms are more likely to adjust their prices when doing so is more valuable, this paper analyzes monetary policy shocks in a DSGE model with firm-level heterogeneity. The model is calibrated to retail price microdata, and inflation responses are decomposed into...

Es handelt sich um eine, im Auftrag der Europäischen Kommission unter dem übergreifenden Thema "Sicherung eines ausreichenden Lebensstandards für Flüchtlinge in der Europäischen Union" erstellte, Studie zu Asylrecht, Asylpolitik und Asylpraxis in Österreich.