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professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany and … the United Kingdom are updated about once a year, in Italy about once each six months …
Persistent link: https://www.econbiz.de/10003789432
We estimate the degree of "stickiness" in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a stickiness...
Persistent link: https://www.econbiz.de/10003778438
, Germany, Italy, the UK and the US. The following results emerge from our analysis. First, and contrary to the recent findings …This paper studies the behaviour of Internet prices. It compares price rigidities on the Internet and in traditional … over the Internet. It includes more than 5 million daily price quotes downloaded from price comparison web sites in France …
Persistent link: https://www.econbiz.de/10003337300
Persistent link: https://www.econbiz.de/10001636931
Persistent link: https://www.econbiz.de/10001637086
Sims and Zha (1999, 2006), the empirical evidence for the U.S., the U.K., Germany, and Italy shows that it is important to … minor role in the asset markets of the U.S. and Germany; (ii) they substantially increase the variability of housing and … Italy. -- Bayesian Structural VAR ; fiscal policy ; housing prices ; stock prices …
Persistent link: https://www.econbiz.de/10003826474
, fiscal data; and (vii) analyze empirical evidence from the U.S., the U.K., Germany, and Italy. The results show that …
Persistent link: https://www.econbiz.de/10003826480
Recent theoretical research has studied extensively the link between wage setting and monetary policymaking in unionized economies. This paper addresses the question of the role of monetary uncertainty from both an empirical and theoretical point of view. Our analysis is based on a simple model...
Persistent link: https://www.econbiz.de/10003014303
domain ; cross-spectral analysis ; band-pass filtering ; DSGE models ; Bayesian estimation ; trend inflation …
Persistent link: https://www.econbiz.de/10003832319
In the last decades, international trade has increased between industrialised countries and between high- and low-wage countries. This important change has raised questions on how international trade affects the labour market. In this spirit, this paper aims to investigate the impact of...
Persistent link: https://www.econbiz.de/10008935796