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Aucremanne, Luc; Dhyne, Emmanuel - 2004

This paper examines the degree of price rigidity in Belgian consumer prices, using a large database. As to the observed degree of rigidity, the results reveal a substantial amount of heterogeneity, not only across but also within product categories. While prices turn out to be perfectly flexible...

Persistent link: https://www.econbiz.de/10009636700

Firms' investment decisions in response to demand and price uncertainty

Fuss, Catherine; Vermeulen, Philip - 2004

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...

Persistent link: https://www.econbiz.de/10009639401

Explaining the money demand of non-financial corporations in the Euro area

Martinez-Carrascal, Carmen; Landesberger, Julian von - 2010

This paper analyses euro area non-financial corporations (NFC) money demand, both from a macro and a microeconomic point of view. At a macro level, money holdings are modelled as a function of real gross added value, the price level, the long-term interest rate on bank lending to non-financial...

Persistent link: https://www.econbiz.de/10009640283

Household money holdings in the euro area

Seitz, Franz; Landesberger, Julian von - 2010

In this paper we analyse household holdings of the broad monetary aggregate M3 in the euro area from 1991 until 2009. We develop four models, two in nominal, two in real terms, with satisfactory economic and statistical properties. The main determinants are a transactions variable, wealth...

Persistent link: https://www.econbiz.de/10009640302

Wages, labor or prices

Dhyne, Emmanuel; Druant, Martine - 2010

Survey results in 15 European countries for almost 15,000 firms reveal that Belgian firms react more than the average European firm to adverse shocks by reducing permanent and temporary employment. On the basis of a firm-level analysis, this paper confirms that the different reaction to shocks...

Persistent link: https://www.econbiz.de/10009640316

Price and wage setting in Portugal : learning by asking

Martins, Fernando - 2011

This paper presents the main findings of a survey conducted on a sample of Portuguese firms. The main aim was to identify some relevant characteristics about the dynamics of prices and wages in Portugal. The most important conclusions are: i) changes to wages are more synchronized than changes...

Persistent link: https://www.econbiz.de/10009640690

Trade advantages and specialisation dynamics in acceding countries

Zaghini, Andrea - 2003

The paper analyses the evolution of the trade specialisation pattern in the ten countries which will join the EU in …

Persistent link: https://www.econbiz.de/10009635952

Import prices and pricing-to-market effects in the euro area

Warmedinger, Thomas - 2004

Pricing-to-market (PTM) behaviour implies that exporters adjust their prices to the prevailing prices in their export …

Persistent link: https://www.econbiz.de/10009636522

Trade with central and eastern Europe

Polgár, Éva Katalin; Wörz, Julia - 2010

importance of foreign wages versus domestic productivity developments in an open environment. We find that trade is not an …-based industries. Nevertheless, increased trade reinforces the productivity-wage link and weakens the co-movement of wages particularly …This paper analyses the relationship between openness to trade and wages at the industry level (15 manufacturing …

Persistent link: https://www.econbiz.de/10009640296

estimating cross country differences in product quality using Eurostat's COMEXT trade database

Pula, Gabor; Santabárbara, Daniel - 2011

imposes a threat to the market positions of advanced economies. While China’s export structure is very similar to that of the … advanced world, its export unit values are well below the level of developed economies. Building on the assumption that unit … be justified by its relatively low average prices, implying that the quality of Chinese export products is relatively …

Persistent link: https://www.econbiz.de/10009640686