Showing 1 - 10 of 5,195
repercussions of the recent war conflicts, the oil and gas crises, the abrupt rise of the prices of commodities, the new findings in …
Persistent link: https://www.econbiz.de/10015324883
This paper employs a pair-wise approach to examine regional integration in the US gasoline market. Using gasoline price …, we uncover evidence that the speed at which prices converge to the long-run equilibrium depends upon the distance between …
Persistent link: https://www.econbiz.de/10010500230
This paper examines the effect of minimum wage changes on local aggregate inflation and consumption growth. The paper utilizes variation in state-level minimum wages across locations and finds that minimum wage increases have a relatively modest effect on both city-level inflation and spending...
Persistent link: https://www.econbiz.de/10012059582
In the canonical monetary policy model, money is endogenous to the optimal path for interest rates and output. But when liquidity provision by banks dominates the demand for transactions money from the real economy, money is likely to contain information for future output and inflation because...
Persistent link: https://www.econbiz.de/10010277853
flows including here exports and imports. Design/methodology/approach: This study is based on quarterly data from 2000 … the imports, there exists a long-run relationship, but its impact differs in different periods. Research limitations …
Persistent link: https://www.econbiz.de/10014434609
this sector have the ability to deliver cement either from domestic plants or from imports. Since cement is costly to … transport via land, the difference in marginal cost between local production and imports varies across local markets. The … marginal cost of imports is lower in areas with access to a sea port, decreasing the relative value of investing in local …
Persistent link: https://www.econbiz.de/10010274906
We offer a new explanation as to why international trade is so volatile in response to economic shocks. Our approach combines the uncertainty shock idea of Bloom (2009) with a model of international trade, extending the idea to the open economy. Firms import intermediate inputs from home or...
Persistent link: https://www.econbiz.de/10010398680
With home bias, a consumer differentiates between domestic goods and imports and tends to purchase the domestic variety …, thus making imports prohibitively expensive? Is there some inherent distrust of a foreign product? ; This paper probes the … tendency to purchase domestic goods rather than imports arises almost entirely from pure locational factors. The ad valorem …
Persistent link: https://www.econbiz.de/10010283366
driving the commodity prices in reality, the unexpected often remains unexplained in equilibrium modelling. Financial … speculation is a distinct, unexpected phenomenon which allows us to determine temporal order of affecting market forces in …
Persistent link: https://www.econbiz.de/10014001390
cultivation of agricultural crops for the energy, heat, fuel (biofuel) manufacture. In this discussion paper the market is … agricultural commodities market and big possibilities of development for biofuel. The modern market of biofuel is characterized by … the constant tendency to development and growth of manufacture. The supply and the demand at the market is strongly …
Persistent link: https://www.econbiz.de/10010299321