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Misallocation and manufacturing TFP in China and India

Chang, Tai Hsieh; Peter, J- Klenow - 2007

Resource misallocation can lower aggregate total factor productivity (TFP).We use microdata on manufacturing establishments to quantify the potential extent of misallocation in China and India versus the United States. We measure sizable gaps in marginal products of labor and capital across...

Persistent link: https://www.econbiz.de/10015229576

What Went So Wrong in Economics

Jennings, Frederic - 2023

Capital.” After a series of failed attempts to integrate time into production theory, in 1958 Armen Alchian proposed a method … horizonal theory of price. Jack Hirshleifer (1962) saw Alchian’s (1958) frame as a threat to neoclassical theory, declaring his …’s papers are thus extended into an integral theory of planning horizons, as a formalization of Herbert Simon’s notion of …

Persistent link: https://www.econbiz.de/10015270256

HISBAH DAN MEKANISME PASAR: Studi Moralitas Pelaku Pasar Perspektif Ekonomi Islam

Jaelani, Aan - 2011

Market mechanisms in the era of globalization associated with the paradigm of the market economy along with the development of socialist economy, capitalist, or mixed. The market mechanism is a problem when the inefficient allocation of resources, market imperfections, and the cause of economic...

Persistent link: https://www.econbiz.de/10015250819

Keynes: ley de Say y demanda de dinero.

Barón Ortegón, Brayan Alexander - 2017

a special case of a broader and general theory and therefore more powerful as economic policy is concerned. These … insights are vital, to understand Keynesian economics and its subsequent contributions in economic theory and economic policy. …

Persistent link: https://www.econbiz.de/10015260399

Discussion of "Lumpy Price Adjustments: A Microeconometric Analysis" by Dhyne, et al. (2007)

Levy, Daniel - 2007

Discussion of "Lumpy Price Adjustments: A Microeconometric Analysis" by Emmanuel Dhyne, Catherine Fuss, Hashem Pesaran, and Patrick Sevestre (2007); Presented at the Spring 2007 Conference of the Deutsche Bundesbank and the Banque De France on "Micro-Data and Macroeconomic Implications," April...

Persistent link: https://www.econbiz.de/10015226662

Discussion of "The Pricing Behavior of Firms in the Euro Area: New Survey Evidence," by Fabiani, S., et al. (2004)

Levy, Daniel - 2004

Discussion of "The Pricing Behavior of Firms in the Euro Area: New Survey Evidence" by S. Fabiani, M. Druant, I. Hernando, C. Kwapil, B. Landau, C. Loupias, F. Martins, T. Mathä, R. Sabbatini, H. Stahl, and A. Stockman (2004); Presented at the Inflation Persistence Network (IPN) Conference on...

Persistent link: https://www.econbiz.de/10015226668

Discussion of "Inflation and Relative Price Asymmetry" by Ratfai, A.

Levy, Daniel - 2007

This is a discussion of Ratfai (2007), presented at the 2007 Macroeconomics Workshop of the Rimini Center for Economic Analysis on "The Macroeconomics of Price Setting," May 10-11, 2007, University of Bologna, Rimini, Italy.

Persistent link: https://www.econbiz.de/10015227837

Not all price endings are created equal: Price points and asymmetric price rigidity

Levy, Daniel; Snir, Avichai; Gotler, Alex; Chen, Haipeng - 2019

We document an asymmetry in the rigidity of 9-ending prices relative to non-9-ending prices. Consumers have difficulty noticing higher prices if they are 9-ending, or noticing price-increases if the new prices are 9-ending, because 9-endings are used as a signal for low prices. Price setters...

Persistent link: https://www.econbiz.de/10015262673

Monetary Policy and the Survival Analysis of the Firms in Pakistan

Shabbir, Safia - 2017

Using the information on 629 companies listed at Karachi stock exchange over a period of 40 years (1975-2014), this study finds out the effect of monetary policy and industrial dynamics over the hazard rate of both the financial and non-financial companies. The study concludes that monetary...

Persistent link: https://www.econbiz.de/10015214591

U.K.’s economic variables over the last decade in the context of the current corona crisis

De Koning, Kees - 2020

In January 2007, U.K. Government debt to GDP stood at 32.5%. By December 2019 it had grown to 89.5% and the latest data from September 2020 show a government debt level of just over £2 trillion, while its debt to GDP level did increase to 103.5%. The Quantitative Easing program by the Bank of...

Persistent link: https://www.econbiz.de/10015222780