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What Can Stockouts Tell Us About Inflation? Evidence from Online Micro Data
Cavallo, Alberto; Kryvtsov, Oleksiy - National Bureau of Economic Research - 2021
We use a detailed micro dataset on product availability to construct a direct high-frequency measure of consumer product shortages during the 2020-2021 pandemic. We document a widespread multi-fold rise in shortages in nearly all sectors early in the pandemic. Over time, the composition of...
Persistent link: https://www.econbiz.de/10012629429
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Were Trade and Factor Mobility Substitutes in History?
Collins, William J. - 1997
Trade theorists have come to understand that their theory is ambiguous on the question: Are trade and factor flows substitutes? While this sounds like an open invitation for empirical research, hardly any serious econometric work has appeared in the literature. This paper uses history to fill...
Persistent link: https://www.econbiz.de/10012472755
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Central Bank Credibility : An Historical and Quantitative Exploration
Bordo, Michael D. - 2015
their role in influencing the credibility of the monetary authority. We focus on measures of inflation expectations, the … mean reversion properties of inflation, and indicators of exchange rate risk. In addition we place some emphasis on whether …
Persistent link: https://www.econbiz.de/10012457842
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Central Bank Credibility, Reputation and Inflation Targeting in Historical Perspective
Bordo, Michael - 2014
the adoption of inflation targeting. However, the recent financial crisis and the call for central banks to focus more on …
Persistent link: https://www.econbiz.de/10012457973
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Public policies and household saving
Poterba, James M. (ed.) - 1994
Persistent link: https://www.econbiz.de/10013480937
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Central Bank Behavior and the Strategy of Monetary Policy : Observations From Six Industrialized Countries
Bernanke, Ben - 1992
case studies is that central banks adopt money growth targets when inflation threatens to get out of control. Central banks …
Persistent link: https://www.econbiz.de/10012474897
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Productivity and Machinery Investment : A Long Run Look 1870-1980
De Long, J. Bradford - 1991
Over the past century the long-run growth of six economies shows a strong association between investment in machinery and economic growth that holds both within and across nations and periods. A similar strong association holds for the post-world War II period for a broader cross section of...
Persistent link: https://www.econbiz.de/10012475084
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Characterizing Predictable Components in Excess Returns on Equity and Foreign Exchange Markets
Bekaert, Geert - 1991
The paper characterizes predictable components in excess rates of returns on major equity and foreign exchange markets using lagged excess returns, dividend yields, and forward premiums as instruments. Vector autoregressive techniques demonstrate one-step-ahead predictability and provide implied...
Persistent link: https://www.econbiz.de/10012475210
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Tastes and Technology in a Two-Country Model of the Business Cycle : Explaining International Comovements
Stockman, Alan C. - 1990
This paper studies the international transmission of business cycles by developing a two-country real business-cycle model and confronting it with a broad set of empirical observations. These observations include variances and covariances of output, labor, consumption, employment, and investment...
Persistent link: https://www.econbiz.de/10012475480
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Post-War Economic Growth in the Group-of-Five Countries : A New Analysis
Boskin, Michael J. - 1990
Group-of-Five (G-5) countries: France, West Germany, Japan, United Kingdom and United states. It is assumed that all … France, West Germany and Japan, and between 8 and 10 percent per annum for the U.K. and the U.S. for the period under study …, the productive efficiencies of France, West Germany and Japan rose rapidly from less than 40 percent of the U.S. level in …
Persistent link: https://www.econbiz.de/10012475512