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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
What are the implications of digitalization for prices? This paper explores this question by looking at the various channels through which digitalization can affect prices. First, we assess the importance of the direct channel - the prices of digital goods and services in the consumer price...
Persistent link: https://www.econbiz.de/10014541807
Persistent link: https://www.econbiz.de/10014542152
Standard theories of price adjustment are based on the problem of a single-product firm, and therefore they may not be well suited to analyze price dynamics in the economy with multiproduct firms. To guide new theory, we study a unique dataset with comprehensive coverage of daily prices in large...
Persistent link: https://www.econbiz.de/10012619562
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