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Determinants of workers’ remittances: evidence from the European Neighbouring Region

Schiopu, Ioana; Siegfried, Nikolaus - 2006

Workers’ remittances have become the second largest source of net financial flows to developing countries. However, the main motives for sending remittances remain controversial. This paper examines the importance of altruistic versus investment motives using a new panel data set of bilateral...

Persistent link: https://www.econbiz.de/10011604734

Determinants of Workers' Remittances : Evidence from the European Neighbouring Region

Schiopu, Ioana C.; Siegfried, Nikolaus A. - 2021

Workers' remittances have become the second largest source of net financial flows to developing countries. However, the main motives for sending remittances remain controversial. This paper examines the importance of altruistic versus investment motives using a new panel data set of bilateral...

Persistent link: https://www.econbiz.de/10013317412

Inflation heterogeneity across Austrian households: Evidence from household scanner data

Messner, Teresa; Rumler, Fabio - 2024

shares but also the specific product prices paid by households, we find a considerable and persistent degree of heterogeneity …

Persistent link: https://www.econbiz.de/10014543619

Monetary policy and intangible investment

Döttling, Robin; Ratnovski, Lev - 2020

We contrast how monetary policy affects intangible relative to tangible investment. We document that the stock prices of firms with more intangible assets react less to monetary policy shocks, as identified from Fed Funds futures movements around FOMC announcements. Consistent with the stock...

Persistent link: https://www.econbiz.de/10012422106

Performance of monetary policy with internal central bank forecasting

Honkapohja, Seppo; Mitra, Kaushik - 2002

study the implications of heterogeneity in forecasts of the central bank and private agents for the performance of interest …

Persistent link: https://www.econbiz.de/10011604173

Heterogeneity in consumer price stickiness: a microeconometric investigation

Fougère, Denis; Le Bihan, Hervé; Sevestre, Patrick - 2005

This paper examines heterogeneity in price stickiness using a large, original, set of individual price data collected …. The main findings are the following: i ) cross-product and cross-outlet-type heterogeneity in both the shape of the hazard …

Persistent link: https://www.econbiz.de/10011604582

Liquidity and real equilibrium interest rates: a framework of analysis

Stracca, Livio - 2005

This paper proposes a general equilibrium model with heterogeneous households and a financial market where each financial instrument provides liquidity services in addition to enabling a transfer of purchasing power over time. Importantly, liquidity services may be asymmetric according to...

Persistent link: https://www.econbiz.de/10011604588

Bank finance versus bond finance: what explains the differences between US and Europe?

De Fiore, Fiorella; Uhlig, Harald - 2005

We present a dynamic general equilibrium model with agency costs, where heterogeneous firms choose among two alternative instruments of external finance - corporate bonds and bank loans. We characterize the financing choice of firms and the endogenous financial structure of the economy. The...

Persistent link: https://www.econbiz.de/10011604593

Forecasting ECB monetary policy: accuracy is (still) a matter of geography

Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - 2006

involving multiple central banking traditions. How does this heterogeneity affect the ability of economic agents to understand … banking in the past. In large part this heterogeneity can be traced to differences in forecasting models. While some …

Persistent link: https://www.econbiz.de/10011604624

Geography or skills: What explains Fed watchers’ forecast accuracy of US monetary policy?

Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - 2006

The paper shows that there is a substantial degree of heterogeneity in forecast accuracy among Fed watchers. Based on a … basis points between the best and worst-performers across the sample. This heterogeneity is found to be related to both the … anticipating monetary policy. Moreover, systematic forecaster heterogeneity is economically important as it leads to greater …

Persistent link: https://www.econbiz.de/10011604741