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Petrochemical Index advanced higher than others (17.2%). Russia-focused mutual funds continued to see investments outflow for the …
Persistent link: https://www.econbiz.de/10013014805
The period under review (between 31 August 2015 and 25 September 2015) saw moderate downtrend for all of the Russian major stock market indicators: the MICEX Index dropped 5.4%, including all sector indices except the Mechanical Engineering Index, and all blue chips showed downside dynamics....
Persistent link: https://www.econbiz.de/10013012845
We analyze the influence of monetary policy on firms’ extensive margin and productivity. Our empirical evidence for the …
Persistent link: https://www.econbiz.de/10012322407
Empirical data suggest that new firms tend to grow faster than incumbent firms in terms of their productivity. A sticky … firms to align their real price with their idiosyncratic productivity growth. In contrast, the standard sticky-price model …
Persistent link: https://www.econbiz.de/10010342838
We develop a general equilibrium model of an emerging market economy where productivity growth differentials between …
Persistent link: https://www.econbiz.de/10014214936
the implications of digitalisation for measurement, productivity, labour markets and inflation, as well as more recent …, aggregate productivity growth has decreased in most advanced economies since the 1970s. However, it is likely that without the … spread of digital technologies the productivity slowdown would have been even more pronounced, and the recent acceleration in …
Persistent link: https://www.econbiz.de/10012626753
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/10010336066
Based upon a large fraction of the price records used for computing the French CPI, we document consumer price rigidity in France. We first provide a methodological discussion of issues involved in estimating average price duration with micro-data. The average duration of prices in the sectors...
Persistent link: https://www.econbiz.de/10009639438
This paper reports the results of a survey conducted by the Banque de France during Winter 2003-2004 to investigate the price-setting behavior of French manufacturing companies. Prices are found to adjust infrequently; the median firm modifies its price only once a year. Price reviews are more...
Persistent link: https://www.econbiz.de/10009639484
We examine the extent to which vertical and horizontal market structure can together explain incomplete retail pass-through. To answer this question, we use scanner data from a large U.S. retailer to estimate product level pass-through for three different vertical structures: national brands,...
Persistent link: https://www.econbiz.de/10009714472