Showing 1 - 10 of 153
Following Kydland and Prescott's (1982) seminal paper, a key question that has been debated widely remains, `Are business cycles mainly the result of permanent shocks to productivity?' This paper attempts to answer this question in the context of the Euro area economy as a whole, given current...
Persistent link: https://www.econbiz.de/10005423007
This paper compares the role of macroeconomic and sector-specific factors in price movements for China and India, taking into account the features unique to developing economies. We find that fluctuations in the aggregated prices in China are more persistent than the underlying disaggregated...
Persistent link: https://www.econbiz.de/10011109475
This paper examines the effects of monetary policy shocks on output in the three largest euro area economies - Germany, France and Italy (EMU3) - by applying a new VAR identification procedure. The results show that monetary policy innovations are at their most potent in Germany. However, apart...
Persistent link: https://www.econbiz.de/10005107571
A high degree of shared national elements that drive the bulk of observed output volatility between countries is generally seen as a necessary prerequisite for the formation of a successful monetary union. This is because countries in a monetary union accept a one-size-fits all, resigning...
Persistent link: https://www.econbiz.de/10010573333
A high degree of shared national elements that drive the bulk of observed output volatility between countries is generally seen as a necessary prerequisite for the formation of a successful monetary union. This is because countries in a monetary union accept a one-size-fits all, resigning...
Persistent link: https://www.econbiz.de/10008868209
Persistent link: https://www.econbiz.de/10008143008
Persistent link: https://www.econbiz.de/10008898005
Persistent link: https://www.econbiz.de/10008768664
We study when a monopolistically-competitive firm may optimally choose to limit the size of its market. This may be the case when the cost of serving the market with geographically dispersed customers is increasing in size. We also investigate the incentives faced by a firm to limit the reach of...
Persistent link: https://www.econbiz.de/10005422980
This paper investigates the implications of imperfect information and matching/searching for international trade theory. I develop an illustrative model where firms find such partners by a search through successive matches. The consequences include linking today's import demand patterns to past...
Persistent link: https://www.econbiz.de/10005422981