The analysis of a quarterly panel of ten countries covering 75 percent of the worldwide opera performances through the years 2014 to 2018 showed that the number of performances depend positively on growth and strongly negatively on unexpected inflation. Furthermore, highly significant country...

We test the menu cost model of Ball and Mankiw (1994, 1995), which implies that the impact of price dispersion on inflation should differ between inflation and deflation episodes, using data for Japan and Hong Kong. We use a random crosssection sample split when calculating the moments of the...

The analysis of a quarterly panel of ten countries covering 75 percent of the worldwide opera performances through the years 2014 to 2018 showed that the number of performances depend positively on growth and strongly negatively on unexpected inflation. Furthermore, highly significant country...

This paper characterizes the relationship between monetary aggregates, inflation and economic activity in Switzerland since the mid-1970s. Traditional forms of money demand and quantity theory relationships have remained stable over the whole period. Broad money excesses over trend values,...

Mit der Einführung des Euros im Jahre 1999 sind in der Schweiz vielfachBefürchtungen geäussert worden, dass der Franken nicht mehr neben derGemeinschaftswährung bestehen könnte, dass der Franken so zu sagen von derEuroflut weggeschwemmt werde. Die seit 1999 gemachten Erfahrungen...

The estimation of an ordered probit model for currency reforms trying to end 31hyperinflations and three big inflations of the 20th century shows that the introduction of anindependent central bank and the adoption of a credibly fixed exchange rate are crucial for the successof a currency...

We test the menu cost model of Ball and Mankiw (1994, 1995), which impliesthat the impact of price dispersion on inflation should differ between inflation anddeflation episodes, using data for Japan and Hong Kong. We use a random crosssectionsample split when calculating the moments of the...