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Digitalization: Prices of goods and services

Chu, Vivian; Dahlhaus, Tatjana; Hajzler, Christopher - 2023

What are the implications of digitalization for prices? This paper explores this question by looking at the various channels through which digitalization can affect prices. First, we assess the importance of the direct channel - the prices of digital goods and services in the consumer price...

Persistent link: https://www.econbiz.de/10014541807

The Subjective Inflation Expectations of Households and Firms: Measurement, Determinants, and Implications

Weber, Michael; D’Acunto, Francesco; Gorodnichenko, Yuriy - 2022

Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...

Persistent link: https://www.econbiz.de/10013351930

Adjustment Is Much Slower Than You Think

Caballero, Ricardo J.; Engel, Eduardo M.R.A. - 2003

In most instances, the dynamic response of monetary and other policies to shocks is infrequent and lumpy. The same holds for the microeconomic response of some of the most important economic variables, such as investment, labor demand, and prices. We show that the standard practice of estimating...

Persistent link: https://www.econbiz.de/10010369179

Credit Card Reform and Bankruptcy Reform

Simkovic, Michael - 2012

Consumer advocates won a victory with the passage of the Credit Card Accountability Responsibility and Disclosure Act of 2009. (Credit Card Act). The Credit Card Act bans certain pricing practices that were confusing to credit card users. Ironically, the seeds of this legislative victory may...

Persistent link: https://www.econbiz.de/10013116346

Counterparty Credit Risk and Clearing of Derivatives – From the Perspective of an Industrial Corporate with a Focus on Commodity Markets

Lehrbass, Frank - 2013

The Global Financial Crisis had a severe impact on the commodity markets on top of the well-known effects on the worldwide economy. Not only the demand for commodities decreased severely thereby hurting the creditworthiness of participants in the wholesale commodity markets, but also the...

Persistent link: https://www.econbiz.de/10013089861

Subsidizing Inventory : A Theory of Trade Credit and Pre-Payment

Daripa, Arup - 2013

externality accounts for the use of prepayment for inputs, even in the absence of any risk of default by the downstream firm. We …We propose a simple theory of trade credit and prepayment. A downstream firm trades off inventory holding costs against … lost sales. Lost final sales impose a negative externality on the upstream firm. We show that allowing the downstream firm …

Persistent link: https://www.econbiz.de/10013074091

Markups, Labor Market Inequality and the Nature of Work

Kaplan, Greg - 2020

We demonstrate the importance of distinguishing between the traditional use of labor for production, versus alternative uses of labor for overhead, marketing and other expansionary activities, for studying the distribution of both factor income and labor income. We use our framework to assess...

Persistent link: https://www.econbiz.de/10012841091

Corporate Finance in Germany and France. A Joint Research Project of the Deutsche Bundesbank and the Banque De France

Friderichs, Hans - 2007

Persistent link: https://www.econbiz.de/10012732396

User Costs, the Financial Firm, and Monetary and Regulatory Policy

Isakin, Maksim - 2018

We investigate how key monetary policy instruments and financial regulation affect the banking firm. We take the user cost approach to the construction of prices for financial services and use quarterly data on the U.S. commercial banking sector, over the period from 1992 to 2016, obtained from...

Persistent link: https://www.econbiz.de/10012909438

Consumption Structure Repercussions

Georgiou, Miltiades N. - 2017

Since household consumption depends among others on income, it will be of interest to examine the change of household consumption structure due to income changes. This will be useful to supply chain management as well as policy makers. Our sample refers to Western Europe, USA and Japan during...

Persistent link: https://www.econbiz.de/10012942056

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