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statistical aggregation procedure which allows for worker heterogeneity in observables and unobservables and is applicable to an …
Persistent link: https://www.econbiz.de/10013073510
statistical aggregation procedure which allows for worker heterogeneity in observables and unobservables and is applicable to an …
Persistent link: https://www.econbiz.de/10010204508
statistical aggregation procedure which allows for worker heterogeneity in observables and unobservables and is applicable to an …
Persistent link: https://www.econbiz.de/10010209188
Using retail scanner data, we find that the probability of price adjustment increases with a product's revenue, and the average absolute size of price adjustment decreases with the product's revenue. Furthermore, the responsiveness of prices to monetary shocks increases with product revenue....
Persistent link: https://www.econbiz.de/10012849676
The need to revive Euro area growth highlights the importance of the evolution of domestic and external demand in the core. This paper puts recent demand patterns in France, Germany, and Belgium into historical perspective. We find that, first, dynamics for private consumption, non-residential...
Persistent link: https://www.econbiz.de/10013046306
In modeling expectation formation, economic agents are usually viewed as forming expectations adaptively or in … accordance with some rationality postulate. We offer an alternative nonlinear model where agents exchange their opinions and …, we show that this kind of model performs well in simulation experiments. Focusing upon producers' expectations in the …
Persistent link: https://www.econbiz.de/10009447863
are higher that companies are more likely to exhibit more pessimistic business expectations for the upcoming months on … Mondays and more optimistic expectations at the end of the week. The same holds for the assessment of the current business …
Persistent link: https://www.econbiz.de/10014426616
should intervene in the business cycle. Following Ramey (2011b), we include expectations held by consumers and firms into the … findings also underscore the need to account for expectations, as failing to do so leads to significant misinterpretation of …
Persistent link: https://www.econbiz.de/10011525541
We assess how survey expectations impact production and pricing decisions on the basis of a large panel of German firms …. We identify the causal effect of expectations by matching firms with the same fundamentals but different views about the …
Persistent link: https://www.econbiz.de/10012001909
expectations and uncertainty, albeit to a much lesser extent than the domestic policy changes. …
Persistent link: https://www.econbiz.de/10012248894