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In modeling expectation formation, economic agents are usually viewed as forming expectations adaptively or in accordance with some rationality postulate. We offer an alternative nonlinear model where agents exchange their opinions and information with each other. Such a model yields multiple...
Persistent link: https://www.econbiz.de/10005760539
communication flows serve as important channels of diffusion. The analysis is based on examining the productivity effects of R … internationaler Handel, ausländische Direktinvestitionen und Kommunikation wichtige Diffusionswege bilden. Die Analyse basiert auf …
Persistent link: https://www.econbiz.de/10004989412
Leniency clauses, offering cartelists legal immunity if they blow the whistle on each other, is a recent anti-trust innovation. The authorities wish to thwart cartels and promote competition. This effect is not evident, however; whistle-blowing may enforce trust and collusion by providing a tool...
Persistent link: https://www.econbiz.de/10004989614
The human resources specialists state that there is a certain change regarding the communication within the … organizations; in this respect, they have noticed that the communication is no longer possible by means of collective channels but … it becomes a direct communication with the employees regarded as individuals. The Communication is also redirected from a …
Persistent link: https://www.econbiz.de/10004990378
Persistent link: https://www.econbiz.de/10004992883
In Recent Years, the Ratio of Inventories to Sales in North America Manufacturing Has Fallen Without the Offsetting Increases in Unfilled Orders Or Price Variation That Are Predicted by Some Theoretical Models. the Explanation Offered Here Is That in the Face of Falling Relative Costs of...
Persistent link: https://www.econbiz.de/10005729795
such communication has the ability to move financial markets. The findings suggest that communication is generally seen as … so prior to interest rate changes. At the same time, markets react more strongly to communication prior to policy changes …. Other instances where communication becomes more intense, or where financial markets become more responsive are also …
Persistent link: https://www.econbiz.de/10005816134
Despite substantial differences in monetary policy and communication strategies, many central banks share the practice … of purdah, a self-imposed guideline of abstaining from communication around policy meetings or other important events … information precisely when it is sought after intensely. However, imposing such a limit to communication has often been justified …
Persistent link: https://www.econbiz.de/10005816165
The paper assesses the extent to which the Group of Seven (G7) has been successful in its management of major currencies since the 1970s. Using an event-study approach, the paper finds evidence that the G7 has been overall effective in moving the US dollar, yen and euro in the intended direction...
Persistent link: https://www.econbiz.de/10005816257
Persistent link: https://www.econbiz.de/10005819502