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Dynamic effects of persistent shocks
Alloza, Mario; Gonzalo, Jesús; Sanz, Carlos
particular, standard local projections identify responses that include an effect due to the persistence of the shock, while … projections and moving average representations. In particular, the inclusion of leads of the shock in local projections allows to … proyecciones locales estándar identifi can respuestas que incluyen un efecto debido a la persistencia del shock, mientras que las …
Persistent link: https://www.econbiz.de/10012523677
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Does a Soft Macroeconomic Environment Induce Restructuring on the Microeconomic Level during the Transition Period? Evidence from Investment Behavior of Czech Enterprises
Lizal, Lubomir - 1999
The paper analyzes investment behavior of industrial enterprises in the period immediately following price and foreign trade liberalization in the Czech Republic. It also focuses on the effect of "soft" macroeconomic environment on the microeconomic decisions. A dynamic investment function with...
Persistent link: https://www.econbiz.de/10009476702
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Do Labor Market Rigidities have Microeconomic Effects? Evidence from Within the Firm
Lafontaine, Francine - 2007
We investigate the microeconomic effects of labor regulations that protect employment and are expected to increase rigidity in labor markets. We exploit a unique outlet-level dataset obtained from a multinational food chain operating 2,525 similar retail outlets in 43 countries outside the...
Persistent link: https://www.econbiz.de/10009476940
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Job Security Does Affect Economic Efficiency: Theory, A New Statistic, and Evidence from Chile
Petrin, Amil; Sivadasan, Jagadeesh - 2006
dynamic theory of plant-level labor demand that we develop. This model speaks clearly on one issue: firing costs drive a wedge …
Persistent link: https://www.econbiz.de/10009477270
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The Microeconomic Implications of Input Market Regulations: Cross-Country Evidence from Within the Firm
Lafontaine, Francine; Sivadasan, Jagadeesh - 2007
We investigate the microeconomic effects of labor regulations that protect employment and are expected to increase rigidity in labor markets. We exploit a unique outlet-level dataset obtained from a multinational food chain operating about 2,840 retail outlets in 43 countries outside the United...
Persistent link: https://www.econbiz.de/10009477273
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Labor Market Frictions and Dynamic Labor Demand.
Michaels, Ryan - 2010
This dissertation explores the microeconomic and aggregate implications of an array of employmentadjustment frictions. Chapter 1 investigates the JOBS Bank, a unique employment adjustment cost that prevailed in the domestic automobile industry for nearly 20 years. The JOBS Bank required...
Persistent link: https://www.econbiz.de/10009477492
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Agricultural Arbitrage, Adjustment Costs, and the Intensive Margin
Tack, Jesse B.; LaFrance, Jeffrey T. - 2010
Farmland and capital are an important and rapidly expanding component of the agriculturaleconomy, and empirical evidence suggests that these assets are quasi-fixed in that adjustment costs are incurred when holdings are altered. Increased interest in the rate of return for investing in farmland...
Persistent link: https://www.econbiz.de/10009446523
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Testing Theories of Capital Structure and Estimating the Speed of Adjustment
Huang, Rongbing; Ritter, Jay R - 2009
This paper examines time-series patterns of external financing decisions and shows that publicly traded U.S, firms fund a much larger proportion of their financing deficit with external equity when the cost of equity capital is low. The historical values of the cost of equity capital have...
Persistent link: https://www.econbiz.de/10009458996
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Hedging Price Volatility Using Fast Transport
Hummels, David L.; Schaur, Georg - 2010
Purchasing goods from distant locations introduces a significant lag between when a product is shipped and when it arrives. These transit lags are trade barriers for firms facing volatile demand, who must place orders before knowing the resolution of demand uncertainty. We provide a model in...
Persistent link: https://www.econbiz.de/10009430693
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A Q-model of labour demand
Barceló Varona, Cristina - 2006
This paper studies the labour demand using a Q model in which labour and capital entail adjustment costs. The estimates are based on an unbalanced panel of Spanish firms over the period 1989-96. The corresponding Q variable for labour is significant in explaining hiring rates. Its estimated...
Persistent link: https://www.econbiz.de/10012530138