As part of the green transition, the European cap-and-trade scheme for CO2 emissions will be extended to cover consumer durables. We propose a New Keynesian model that features both, "brown" and "green" durable goods and show that if monetary policy follows a business-as-usual approach, the...

The speed of both the rise and fall of US inflation in 2021–23 took many economists by surprise. This paper shows that the rise of COVID era inflation reflects three independent shocks: a plethora of pandemic-related shifts in demand patterns and supply disruptions; the largest commodity price...

Measuring the physical durability of garments is difficult and current assessment methods lack objectivity and reliability or don't reflect the complex nature of durability for different garment categories. This study presents a novel and reproducible methodology for testing and ranking the...

COVID era inflation was driven by a unique combination of three shocks: First, a plethora of pandemic-related shifts in demand patterns and disruptions to supply caused prices of consumer durable goods to skyrocket. Second, the Ukraine war caused the largest global commodity price surge in 40...

This study investigates the effects of working capital management (WCM) through and its components (Days Sales Outstanding-DSO, Days Inventory Outstanding-DIO, and Days Payable Outstanding-DPO and Net Working Capital) on firm profitability in consumer goods and construction firms by applying...

Purpose The objective of the study is to identify both reasons for ignoring and for paying attention to the country of origin (COO) by consumers when choosing brands of durable goods. Design/methodology/approach In this paper a qualitative approach was applied, i.e. 25 in-depth semistructured...

Numerous research on the topic of social dynamics influencing the marketing of fast moving consumer items have been conducted over the course of several decades (Al-Tit, 2017). Conclusions from the majority of investigations have been mixed (Al-Tit, 2017). Avdelidou-Fischer (2016), for example,...

Machine learning algorithms are increasingly able to predict what goods and services particular people will buy, and at what price. It is possible to imagine a situation in which relatively uniform, or coarsely set, prices and product characteristics are replaced by far more in the way of...

This paper explores the implications of consumption heterogeneity between domestic and foreign investors on the cross-section of stock returns in a host country. We argue that foreign investors in a small open economy integrated into global financial markets may face consumption risk, which...

The present study has as its scope the analysis of budgetary devices that are embodied as budget planning tools, namely, the Pluriannual Plan, the Budget Guidelines Law and the Annual Budget Law. The present research seeks to understand the characteristics of federal budget laws, contained in...

This study shows that, in a model with non-separable preferences for durable and non-durable goods, the effect of relative prices on the ratio of consumption for the two goods, known as the intratemporal elasticity of substitution, has decreased in the U.S. since 1981. We found that durable and...

This research investigates the impact of social media marketing on the performance of fast-moving consumer goods (FMCG) firms. Using a quantitative approach and survey data, the study examines the relationship between social media marketing strategies and key performance indicators such as brand...

Globalization -- the integration of national economies -- has become one of the most widely used buzzwords of the late 20th century. Yet there are remarkably few statistical measures of product-market integration across time, countries, and goods. In this paper we present some new measures of...

The recent pandemic has been the greatest catastrophic event in the last century that has left its irrevocable effect on the socio-economic and cultural environment. The purpose of the present paper is to enfold the early impact of COVID-19 on the stock performance, dividend payout capability...

We formulate and estimate a dynamic structural model of consumer behavior with the user cost of durable goods by incorporating costly reversibility and adjustment costs, and analyze the demands for durable and nondurable goods, using U.S. data. We find an important role of a secondhand market in...

Temporary price promotions, or sales, are common in many markets. Using retail scanner data, I find that manufacturers, not retailers, control the timing of sales, while retailers exercise some control over the magnitude of the price decrease. I also find that observed sale policy is more...

Proponents believe that increase in cash flows could potentially increase the stock returns of consumer goods firms quoted in Nigeria Stock Exchange while opponents argue and equally criticize that fact. Hence, this study examined the effects of cash flow on stock returns of consumer goods firms...

Durables goods can be used for consumption services, but also as equipment for production. The literature has documents that durable good producers have higher expected returns, while investment good producers lower risk premiums. I resolve this seemingly conflicting evidence by suggesting that...

We examine the spatial variation in variety of manufactured consumer goods to study how choice fades across space. We use data on 132 consumer goods and over 800 brands from a purpose-designed survey of shops and itinerant traders in towns and villages in Ethiopia. We find that local consumer...

We examine the spatial variation in variety of manufactured consumer goods to study how choice fades across space. We use data on 132 consumer goods and over 800 brands from a purpose-designed survey of shops and itinerant traders in towns and villages in Ethiopia. We find that local consumer...

This paper presents a novel method to estimate the depreciation rate of durable goods using a combination of identified marginal and average spending shares. We apply our method to Chinese spending responses to disposable income changes induced by monetary policy in 2008-2009. The marginal...

This study examined the effect of management accounting information systems on the performance of companies listed under the consumer goods industry sector of the Nigerian Stock Exchange. The objectives of the study were; to ascertain the effect of sales management system on the profitability of...