candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …

in an experiment where actions are strategic substitutes. The game theoretic basis for our experiment is the model of …

competitiveness. Both average, as well as country-specific, economic performance in the presence of (possibly) heterogeneous shocks …

shocks in Europe by comparing them with comparable measures for Canada and the United States. Real exchange rates, a standard …

This Paper aims at improving the understanding of the transmission of shocks across countries and how this transmission … transmission of shocks from the US to European countries may depend on the values of transition variables such as financial prices …

to weather shocks related to changes in rainfall and temperature patterns. It combined a conditional cash transfer with … randomized assignment, and analyze how impacts vary by exposure to exogenous drought shocks. The results show that both … complementary interventions provide full protection against drought shocks two years after the end of the intervention. Households …

ascertain which shocks and what propagation mechanism underlie the functioning of the labour markets in both countries. Our … evidence, we find that, although shocks hitting both economies since the beginning of the eighties were not too dissimilar …

aggregate shocks. The implications of asymmetries for both the overall performance of the monetary union and the country … fall on small countries. In the case of country-specific shocks, a country unambiguously benefits in terms of macroeconomic … stability by becoming more flexible, while this is not necessarily the case for aggregate shocks. There may thus be a tension …

both demand and supply shocks, which can be either aggregate or idiosyncratic. It is shown that a policy mix problem arises … shocks. In the case of aggregate shocks the inefficiency in responding to shocks is increasing in the number of member … countries, while it is decreasing in the case of idiosyncratic shocks. Numerical illustrations show that the cost of non …

decline in the volatility of exogenous shocks but rather a change in their propagation mechanism. …