Showing 273,851 - 273,860 of 273,943
rate as instrument, while the macroprudential regulator adopts a tax/subsidy on bank capital in a countercyclical manner in … order to stabilize nominal credit growth and the output gap. We look at the gains from coordination between the central bank … policy maker can reach better outcomes, while the central bank does worse, in the absence of coordination. Therefore, whether …
Persistent link: https://www.econbiz.de/10011506778
This paper revisits the relationship between competition and total factor productivity by analyzing how the type and the degree of product and labor market imperfections affect different moments of total factor productivity distributions. Following the methodology developed in Dobbelaere and...
Persistent link: https://www.econbiz.de/10011506787
Using detailed firm-product level quarterly data, we develop an estimation framework of a Multi-Product Production … estimation results, we relate productivity estimates with import competition, using firm and product level measures of import … efficiency in producing that core product, in which it has a productivity advantage. However, when the degree of foreign …
Persistent link: https://www.econbiz.de/10011506788
sector fixed effects and estimation approaches. We find that this elasticity varies between sectors and between firms, with …
Persistent link: https://www.econbiz.de/10011506796
This paper provides a new cross-country evaluation of competitiveness, focusing on the linkages between productivity and export performance among European economies. We use the information compiled in the Trade module of CompNet to establish new stylized facts regarding the joint distributions...
Persistent link: https://www.econbiz.de/10011506802
How strong are strategic complementarities in price setting across firms? In this paper, we provide a direct empirical estimate of firm price responses to changes in prices of their competitors. We develop a general framework and an empirical identification strategy to estimate the elasticities...
Persistent link: https://www.econbiz.de/10011506815
This research explores the biocultural origins of human capital formation. It presents the first evidence that moderate fecundity and thus predisposition towards investment in child quality was conducive for long-run reproductive success within the human species. Using an extensive genealogical...
Persistent link: https://www.econbiz.de/10011526705
European Central Bank, there is evidence of some reengagement of bond markets with one another. Policy then seems to have had …
Persistent link: https://www.econbiz.de/10011530751
Unemployment insurance agencies may combat moral hazard by punishing refusals to apply to assigned vacancies. However, the possibility to report sick creates an additional moral hazard, since during sickness spells, minimum requirements on search behavior do not apply. This reduces the ex ante...
Persistent link: https://www.econbiz.de/10011531724
Recent research suggests that much of the cross-firm variation in measured productivity is due to differences in use of advanced management practices. Many of these practices - including monitoring, goal setting, and the use of incentives - are mediated through employee decision-making and...
Persistent link: https://www.econbiz.de/10011531736