Similar Search Results

Peretto, Pietro F. - 2008

Unemployment occurs because workers and firms have control over wages and prices. The exercise of market power over wages interacts with its exercise over prices. Understanding this interaction sheds new light on the effects of policy interventions on unemployment and growth. Reforms that result...

Persistent link: https://www.econbiz.de/10012728356

Population growth, the natural rate of interest, and inflation

Weiske, Sebastian - 2019

population growth has lowered both the natural rate and inflation by about 0.4 percentage points in recent decades. …

Persistent link: https://www.econbiz.de/10011980508

The Macroeconomic Effects of Inflation Uncertainty

Metiu, Norbert; Prieto, Esteban - 2023

The uncertainty of U.S. core inflation, measured by the stochastic volatility of forecast errors, has soared to a level … increase after a positive shock to core inflation uncertainty in a vector autoregression. Endogenous changes in household … inflation expectations help to understand the transmission mechanism through which an inflation uncertainty shock generates …

Persistent link: https://www.econbiz.de/10014254220

How fast are semiconductor prices falling?

Byrne, David; Oliner, Stephen; Sichel, Daniel E. - 2017

The Producer Price Index (PPI) for the United States suggests that semiconductor prices have barely been falling in recent years, a dramatic contrast to the rapid declines reported from the mid-1980s to the early 2000s. This slowdown in the rate of decline is puzzling in light of evidence that...

Persistent link: https://www.econbiz.de/10011708124

Financial Crises and Long-Run Growth

Holden, Tom - 2017

This paper explores the theoretical channels by which financial crises might have an impact on long-run growth. By exploiting occasionally binding financial constraints, we produce a model that generates endogenous crisis episodes featuring permanent falls in productivity, without generating...

Persistent link: https://www.econbiz.de/10012956677

Heterogeneity in Manufacturing Growth Risk

Opschoor, Daan; Dijk, Dick van; Franses, Philip Hans - 2021

We analyze output growth risk with respect to financial conditions across U.S. manufacturing industries. Using a multi-level quantile regression approach, we find strong heterogeneity in growth risk, particularly between the more vulnerable durable goods sector and the more resilient nondurable...

Persistent link: https://www.econbiz.de/10013229404

The Price of Stability : Volatility and the Rise in Markups during the Great Moderation

Colla Rizzi, Giovanni; Lucke, Friedrich; Morzenti, Giovanni - 2023

During the Great Moderation, macroeconomic volatility declined while firm markups increased. We document a causal relationship between volatility and markups due to tacit collusion. We exploit the legalisation of interstate banking as an exogenous decrease in volatility. Using an instrumental...

Persistent link: https://www.econbiz.de/10014254341

Domestic Competition, Cyclical Fluctuations, and Long-Run Growth in Hong Kong Sar

Zitzewitz, Eric - 2021

This paper provides an empirical assessment of the degree of competition in Hong Kong SAR using industry-level data. Although due to data limitations only approximate measures of competitiveness can be estimated, the results do suggest that Hong Kong SAR is as competitive as a typical OECD...

Persistent link: https://www.econbiz.de/10013317848

The Effect of Bank Market Power on Economic Growth in Africa : The Role of Institution

Idun, Anthony - 2018

We provide empirical investigations into the nexus between bank market power economic growth using nationalized bank data from 44 African countries from 2002 to 2015. The paper also explores how institutional quality factors influence the mechanisms through which banks with market power...

Persistent link: https://www.econbiz.de/10012911379

Virtually everywhere? : digitalisation and the euro area and EU economies : degree, effects, and key issues

Anderton, Bob; Jarvis, Valerie; Labhard, Vincent; … - 2020

Digitalisation can be viewed as a major supply/technology shock affecting macroeconomic aggregates that are important for monetary policy, such as output, productivity, investment, employment and prices. This paper takes stock of developments in the digital economy and their possible impacts...

Persistent link: https://www.econbiz.de/10012254362

1
2
3
4
5
6
7
8
9
10
Next
Last