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MEDEA: a DSGE model for the Sp...
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Hernando, Ignacio
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Do decreasing hazard functions for price changes make any sense?
Álvarez, Luis J.
;
Burriel, Pablo
;
Hernando, Ignacio
-
2005
A common finding in empirical studies using micro data on consumer and producer prices is that hazard functions for price changes are decreasing. This means that a firm will have a lower probability of changing its price the longer it has kept it unchanged. This result is at odds with standard...
Persistent link: https://www.econbiz.de/10011604507
Saved in:
2
Sticky Information Phillips Curves : European Evidence
Döpke, Jörg
-
2008
We estimate the sticky information Phillips curve model of Mankiw and Reis (2002) using survey expectations of professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and the United Kingdom are updated about once a year, in...
Persistent link: https://www.econbiz.de/10012770725
Saved in:
3
The Financial Transmission of Housing Bubbles : Evidence from
Spain
Martin, Alberto
-
2019
How do housing bubbles affect other economic sectors? We show that in the presence of collateral constraints, a bubble initially raises housing credit demand and crowds out credit to non-housing firms. If the bubble lasts, however, housing credit repayments raise banks' net worth and expand...
Persistent link: https://www.econbiz.de/10012891798
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4
Credit Shocks, Employment Protection, and Growth : Firm-Level Evidence from
Spain
Laeven, Luc
-
2018
substitutable. This result does not obtain when we use a different cut-off for
Spain
or the same cut-off for firms in Germany. Our …
Persistent link: https://www.econbiz.de/10012915079
Saved in:
5
Firm Responses to Employment Subsidies : A Regression Discontinuity Approach to the 2012 Spanish Labour Market Reform
Gamberoni, Elisa
-
2017
This study focuses on the employment effect of a hiring subsidy available to firms with less than 50 employees, granted in the context of the 2012 Spanish labour market reform. Exploiting the arbitrary firm size threshold using regression discontinuity design, estimates show on average 2...
Persistent link: https://www.econbiz.de/10012965549
Saved in:
6
Firm Heterogeneity and Aggregate Business Services Exports : Micro Evidence from Belgium, France, Germany and
Spain
Ariu, Andrea
-
2017
firm heterogeneity in shaping aggregate service exports in Belgium, France, Germany and
Spain
from 2003 to 2007. We … exporters. By contrast, small exporters are the most dynamic contributors to the aggregate exports of Belgium, Germany and
Spain
…
Persistent link: https://www.econbiz.de/10012947963
Saved in:
7
The Financial and Macroeconomic Effects of OMT Announcements
Altavilla, Carlo
-
2014
France, Germany, Italy, and
Spain
. The scenario analysis suggests that the reduction in bond yields due to OMT announcements … is associated with a significant increase in real activity, credit, and prices in Italy and
Spain
with relatively muted …
Persistent link: https://www.econbiz.de/10013051170
Saved in:
8
Price Setting in the Euro Area : Some Stylised Facts from Individual Producer Price Data
Vermeulen, Philip
-
2007
This paper documents producer price setting in 6 countries of the euro area: Germany, France, Italy,
Spain
, Belgium and …
Persistent link: https://www.econbiz.de/10012777759
Saved in:
9
Loan Types and the Bank Lending Channel
Ivashina, Victoria
-
2020
Using credit-registry data for
Spain
and Peru, we document that four main types of commercial credit—asset-based loans …
Persistent link: https://www.econbiz.de/10012834089
Saved in:
10
The Dynamic Behaviour of Budget Components and Output
Claeys, Peter
-
2007
budget balance in France, Germany, Portugal, and
Spain
. We try to uncover past trends behind the development of public …
Persistent link: https://www.econbiz.de/10012776609
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