Showing 1 - 10 of 41,753
Persistent link: https://www.econbiz.de/10009681273
For a given frequency of price adjustment, monetary non-neutrality is smaller if older prices are disproportionately more likely to change. This type of selection for the age of prices provides a complete characterization of price-setting frictions in time-dependent sticky-price models....
Persistent link: https://www.econbiz.de/10012938622
For a given frequency of price changes, the real effects of a monetary shock are smaller if adjusting firms are disproportionately likely to have last set their prices before the shock. This type of selection for the age of prices provides a complete characterization of the nature of pricing...
Persistent link: https://www.econbiz.de/10013036149
This paper looks at the channels through which intangible assets affect productivity. The econometric analysis exploits a new dataset on intangible investment (INTAN-Invest) in conjunction with EUKLEMS productivity estimates for 10 EU member states from 1998 to 2007. We find that (a) the...
Persistent link: https://www.econbiz.de/10010374120
Persistent link: https://www.econbiz.de/10013555883
Persistent link: https://www.econbiz.de/10011399453
, investment in tangibles would increase by 1.54%, and investment in intangibles would increase by1.29%. Our findings are robust to …
Persistent link: https://www.econbiz.de/10013092449
Custom software is distinct from other types of capital in that it is non-rival—once a firm makes an investment in custom software, it can be used simultaneously across its many establishments. Using confidential US Census data, we document that while firms with more establishments are more...
Persistent link: https://www.econbiz.de/10014505806
McKinnon’s complementarity hypothesis articulates that money and physicalcapital complements each other instead of substituting under a repressed financialsector. In spite of various economic and financial reforms in Myanmar, thefinancial sector of Myanmar is lagging behind international...
Persistent link: https://www.econbiz.de/10013223439
McKinnon’s complementarity hypothesis articulates that money and physicalcapital complements each other instead of substituting under a repressed financialsector. In spite of various economic and financial reforms in Myanmar, thefinancial sector of Myanmar is lagging behind international...
Persistent link: https://www.econbiz.de/10013223447