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Persistent link: https://www.econbiz.de/10013531912
Prospective economic developments depend on the behavior of consumer spending. A key question is whether private expenditures recover once social distancing restrictions are lifted or whether the COVID-19 crisis had a sustained impact on consumer confidence, preferences, and hence, spending. The...
Persistent link: https://www.econbiz.de/10012670310
The COVID-19 pandemic represents an unprecedented global crisis. The task for economic policy is to help keep people alive, enterprises afloat, and households out of poverty. The pandemic has macroeconomic dimensions. First, it affects macroeconomic stability and growth. Second, the tools of...
Persistent link: https://www.econbiz.de/10012228062
Prospective economic developments depend on the behavior of consumer spending. A key question is whether private expenditures recover once social distancing restrictions are lifted or whether the COVID-19 crisis has a sustained impact on consumer confidence, p references, and, hence, spending....
Persistent link: https://www.econbiz.de/10013324580
Persistent link: https://www.econbiz.de/10010360892
strategy to world shipbuilding, a classic target of industrial policy. I find strong evidence consistent with China having …
Persistent link: https://www.econbiz.de/10013054035
Persistent link: https://www.econbiz.de/10011710693
strategy to world shipbuilding, a classic target of industrial policy. I find strong evidence consistent with China having …
Persistent link: https://www.econbiz.de/10012458547
periods characterized by sustainable linear trends in the difference between the headline consumer price index (CPI) and the … the evolution of motor fuel price (a subcategory of the consumer price index of transportation) relative to the core CPI … as a linear function of time. Under our framework, all price deviations from this linear trend are transient and the …
Persistent link: https://www.econbiz.de/10013027558
endogenous international price movements that are consistent with both the "old" and the "new" facts. In this mechanism, firms … operating in a monopolistically competitive environment adjust price and quality of their products in response to technological … shocks. This model is consistent with the old facts if price levels are not adjusted for quality. Instead, if quality …
Persistent link: https://www.econbiz.de/10012989625