Narrow search
Showing 1 - 10 of 2,690
Cover Image
Price convergence in euroland : evidence from micro data without noise
Meyer, Sophie-Charlotte; Schettkat, Ronald - 2013
narrower with the Euro than before. We observe Sigma and Beta convergence, i.e. prices do not differ systematically between …Analyzing prices of truly homogenous consumer goods sold in Euroland, we find significant price convergence after the … Euro cash changeover in 2002. The deviation of national log prices from the mean log price of the same product is much …
Persistent link: https://www.econbiz.de/10010191995
Cover Image
Exchange rates and prices : evidence from the 2015 Swiss Franc appreciation
Auer, Raphael A.; Burstein, Ariel T.; Lein-Rupprecht, … - 2018
The removal of the lower bound on the EUR/CHF exchange rate in January 2015 provides a unique setting to study the implications of a large and sudden appreciation in an otherwise stable macroeconomic environment. Using transaction-level data on non-durable goods purchases by Swiss consumers, we...
Persistent link: https://www.econbiz.de/10011900831
Cover Image
On price-setting for identical products in markets without formal trade barriers
Hassink, Wolter H. J.; Schettkat, Ronald - 2001
This paper investigates price-setting for truly homogenous products sold in markets without any formal trade barriers. We use data from IKEA, a furniture company selling identical products in an identical shopping environment in different EU countries. We get four remarkable outcomes: 1) The law...
Persistent link: https://www.econbiz.de/10011402390
Cover Image
On Price-Setting for Identical Products in Markets without Formal Trade Barriers
Hassink, Wolter H.J.; Schettkat, Ronald - 2001
This paper investigates price-setting for truly homogenous products sold in markets without any formal trade barriers. We use data from IKEA, a furniture company selling identical products in an identical shopping environment in different EU countries. We get four remarkable outcomes: 1) The law...
Persistent link: https://www.econbiz.de/10010262519
Cover Image
Markups and inflation cyclicality in the euro area
Kouvavas, Omiros; Osbat, Chiara; Reinelt, Timo; … - 2021
Price inflation in the euro area has been stable and low since the Global Financial Crisis, despite notable changes in … remained stubbornly stable and low in the euro area over the past two decades. For this purpose, we exploit a rich firm …-level database to show that over the period 1995–2018 the aggregate markup in the euro area has been on the rise, mainly on account …
Persistent link: https://www.econbiz.de/10012705418
Cover Image
On the importance of sectoral and regional shocks for price setting
Beck, Günter W.; Hubrich, Kirstin; Marcellino, Massimiliano - 2012
We use a novel disaggregate sectoral euro area data set with a regional breakdown to investigate price changes and …
Persistent link: https://www.econbiz.de/10010394236
Cover Image
Immigration and Wage Dynamics in Germany
Klinger, Sabine - 2020
German wages have not increased very rapidly in the last decade despite strong employment growth and a 5 percentage point decline in the unemployment rate. Our analysis shows that a large part of the decline in unemployment was structural. Micro-founded Phillips curves fit the German data rather...
Persistent link: https://www.econbiz.de/10012843295
Cover Image
Hysteresis in Labor Markets? Evidence from Professional Long-Term Forecasts
Bluedorn, John C. - 2019
We explore the long-term impact of economic booms on labor market outcomes using a novel approach based on revisions to professional forecasts over the past 30 years for 34 advanced economies. We find that when employment rises unexpectedly, forecasters typically raise their long-term forecasts...
Persistent link: https://www.econbiz.de/10012868467
Cover Image
The Costs of Macroprudential Deleveraging in a Liquidity Trap
Chen, Jiaqian - 2020
We examine the effects of various borrower-based macroprudential tools in a New Keynesian environment where both real and nominal interest rates are low. Our model features long-term debt, housing transaction costs and a zero-lower bound constraint on policy rates. We find that the long-term...
Persistent link: https://www.econbiz.de/10012828224
Cover Image
European Wage Dynamics and Spillovers
Zhang, Y. Sophia - 2019
wage rises even as unemployment began to decline. Spillovers of subdued wage growth between euro area countries also …
Persistent link: https://www.econbiz.de/10012864102