Browsing by Subject "microeconomics"

Now showing items 1-2 of 2

    • Article  

      Demographic versus expenditure flexibility in Engel curves 

      Lyssiotou, Panayiota Flori; Pashardes, Panos; Stengos, Thanasis (2008)
      We consider the effects of demographic and expenditure variables on consumer demand in a system of Engel curves using a smooth coefficient semiparametric model where the expenditure effects on the budget shares vary ...
    • Article  

      Global versus local shocks in micro price dynamics 

      Andrade, Philippe; Zachariadis, Marios (2016)
      A number of recent papers point to the importance of distinguishing between the price reaction to macro and micro shocks. We emphasize instead the importance of distinguishing between global and local shocks. We exploit a ...