This paper looks at some implications of data uncertainty for monetary policy. We combine national accounts data revisions with optimal control and filtering experiments on a calibrated model to discuss policy implications of price-versus-volume data uncertainty in GDP data for the United...

Outsourcing of services is one of the most important phenomena that are reshaping firms boundaries in the last decades. This article assesses the reasons leading manufacturing firms to contract out some service activities instead of providing them internally. The theoretical framework, inspired...