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The alternative specifications of the behavioural equilibrium exchange rate models (the BEERs) and their permanent counterparts (the PEERs) often deliver diverse estimates of the equilibrium exchange rate. In the case of the Czech koruna against the euro exchange rate, the discrepancy among the...
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data on aggregate beer sales in US grocery stores. We find substantial heterogeneity in residual equity at different …
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brewery entry and growth, leading to lower levels of breweries and craft beer production. The effects are largest in states …This paper estimates how beer franchise laws and their interaction with restrictions on vertical integration between … variation in policies across states and time between 1980 and 2016. I find that beer franchise laws significantly reduced craft …
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