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subject is the basic toolbox of mainstream economics. The most important tools in this box are demand, supply and equilibrium … what economists tell us, demand, supply and equilibrium do not carry over to the actual world: they cannot be empirically …
Persistent link: https://www.econbiz.de/10012485819
demand for movies per inhabitant. Furthermore, we test for the long run relationship and evaluate the elasticities of demand …
Persistent link: https://www.econbiz.de/10010494183
Persistent link: https://www.econbiz.de/10012231353
We study planned price changes in German firm-level survey data to infer the relative importance of supply and demand … during the Covid-19 pandemic. Supply and demand forces coexist, but demand deficiencies dominate in the short run. Quarter … role for demand stimulus policy to buffer the Covid-19 economic crisis. …
Persistent link: https://www.econbiz.de/10012238496
We study price-setting behavior in German firm-level survey data to infer the relative importance of supply and demand … during the Covid-19 pandemic. Supply and demand forces coexist, but demand shortages dominate in the short run. A reported … percentage points. These results imply a role for aggregate demand stabilization policy to buffer the economic consequences of …
Persistent link: https://www.econbiz.de/10012259571
responses of observed variables to the shocks. Our empirical analysis indicates that while credit demand and, in particular …, credit supply shocks explain a large fraction of housing price and credit fluctuation, they have a limited impact on real …
Persistent link: https://www.econbiz.de/10011541261
Persistent link: https://www.econbiz.de/10011546452
relationships are found and identified as export supply and demand. Overidentifying restrictions derived from economic theory are …A shortcoming of most empirical studies on aggregate exports is their exclusive focus on the demand side. Moreover, the … effect of globalization is often neglected leading to implausibly high income elasticities. This paper models export demand …
Persistent link: https://www.econbiz.de/10011474729
developed later, and they increase in-migration from low-income areas. Results are driven by a large supply effect - we show …
Persistent link: https://www.econbiz.de/10012137676
Persistent link: https://www.econbiz.de/10012026278