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We estimate the effect of demand and price uncertainty on firms’ investment decisions from a panel of manufacturing … investment, while price uncertainty is insignificant. This is consistent with the behavior of monopolistic firms with … firms. Uncertainty measures are derived from firms’ subjective qualitative expectations. They are close to their theoretical …
Persistent link: https://www.econbiz.de/10009639401
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
This paper compares securities settlement gross and netting architectures. It studies settlement risk arising from exogenous operational delays and compares settlement failures between the two architectures as functions of the length of the settlement interval under different market conditions....
Persistent link: https://www.econbiz.de/10009639464
Capital-labor substitution and total factor productivity (TFP) estimates are essential features of growth and income distribution models. In the context of a Monte Carlo exercise embodying balanced and near balanced growth, we demonstrate that the estimation of the substitution elasticity can be...
Persistent link: https://www.econbiz.de/10009640366
This document comprises two annexes to the report "Work organisation and innovation". Annex 1: Summary of some major …
Persistent link: https://www.econbiz.de/10011863900
The Productive Ward (PW) programme was designed by the NHS Institute for Innovation and Improvement, in partnership …
Persistent link: https://www.econbiz.de/10011863913
Care Home X is a long-term care unit with traditional elderly care wards but which also has psychiatric wards and a Swedish-speaking elderly care ward. In Finland arranging care for the elderly is the responsibility of the municipalities. The ward hosts/hostesses are in charge of various...
Persistent link: https://www.econbiz.de/10011863914
associates, customers and, not least, shareholders. The innovation described in this case study – the introduction of the DBS …
Persistent link: https://www.econbiz.de/10011863915
Bruges, workplace innovation is undertaken in two main ways. The first dimension of workplace innovation aims at improving … process efficiency and product quality. The second dimension of workplace innovation, which is more specific to the site in …
Persistent link: https://www.econbiz.de/10011863916
numerous projects and activities aimed at the employees. The innovation of ‘Demographic challenges at VWP’ consolidates the …
Persistent link: https://www.econbiz.de/10011863918