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Firms' investment decisions in response to demand and price uncertainty

Fuss, Catherine; Vermeulen, Philip - 2004

We estimate the effect of demand and price uncertainty on firms’ investment decisions from a panel of manufacturing … firms. Uncertainty measures are derived from firms’ subjective qualitative expectations. They are close to their theoretical … counterparts, the variances of future demand and price shocks. We find that demand uncertainty depresses planned and realized …

Persistent link: https://www.econbiz.de/10009639401

Distributional dynamics under smoothly state-dependent pricing

Costain, James; Nakov, Anton - 2011

Starting from the assumption that firms are more likely to adjust their prices when doing so is more valuable, this paper analyzes monetary policy shocks in a DSGE model with firm-level heterogeneity. The model is calibrated to retail price microdata, and inflation responses are decomposed into...

Persistent link: https://www.econbiz.de/10009640772

Quarterly bond market note - developments in the euro-denominated bond markets in the 4th quarter (October - December) 2000

Europäische Kommission / Generaldirektion Wirtschaft … - 2000

Persistent link: https://www.econbiz.de/10012036324

Assessing the economic implications of Turkish accession to the EU

Lejour, A. M.; de Mooij, R.A.; Capel, C. H. - 2004

three main changes associated with Turkish membership: (i) accession to the internal European Market; (ii) institutional … result of accession to the internal market and free movement of labour. If Turkey would succeed in reforming its domestic …

Persistent link: https://www.econbiz.de/10009636555