Showing 1 - 10 of 4,931
Persistent link: https://www.econbiz.de/10002598612
We investigate how globalization is reflected in asset prices. We use shipping costs to measure firms' exposure to globalization. Firms in low shipping cost industries carry a 7 percent risk premium, suggesting that their cash-flows covary negatively with investors' marginal utility. We find...
Persistent link: https://www.econbiz.de/10012937373
Persistent link: https://www.econbiz.de/10011609193
Persistent link: https://www.econbiz.de/10003745261
Persistent link: https://www.econbiz.de/10003225682
effects of increasing import competition and lower inflation on the markup. This paper offers evidence on the evolution of the …
Persistent link: https://www.econbiz.de/10003711671
Persistent link: https://www.econbiz.de/10009687523
Persistent link: https://www.econbiz.de/10009735861
Persistent link: https://www.econbiz.de/10015045036
einer Dominanz der Geldpolitik als Angebotsschock erklärt werden. Zu einem großen Teil bleibt die identifizierte … subsectors, at least not given the used identification strategy. This could be due to the fact that this theory regards the …
Persistent link: https://www.econbiz.de/10009433722