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Now showing items 11-20 of 47
Understanding post-crisis price deviations in Europe: disintegration or mere adjustment?
(2016)
We put together a unique panel of thousands of good-level prices before and after the euro
in order to compare the determinants and understand the evolution of goods price dispersion
across Europe over time. We find that ...
Barriers to price convergence
(Wiley, 2018)
This paper uncovers novel empirical patterns in the cross-country price mechanism using a nonlinear factor model and threshold regression analysis based on individual goods retail price data for a large panel of countries. ...
Global versus local shocks in micro price dynamics
(2012)
A number of recent papers point to the importance of distinguishing between the price reaction to
micro and macro shocks in order to reconcile the volatility of individual prices with the observed
persistence of aggregate ...
Inflation Expectations and Monetary Policy Surprises
(Wiley, 2020-01)
We estimate monetary policy surprises for European consumers over time, based on monetary policy changes that were unanticipated according to consumers’ stated beliefs. We find that such monetary policy surprises have the ...
Global versus local shocks in micro price dynamics
(2011)
A number of recent papers point to the importance of distinguishing between the price
reaction to micro and macro shocks in order to reconcile the volatility of individual prices
with the observed persistence of aggregate ...
Law-of-One-Price deviations before and after the Euro: the case of Cyprus
(2014)
Did Cyprus become more integrated with Europe after adopting the
euro? How did this process affect its prices relative to its European partners? Does the degree of integration relative to European Union (EU)
economies ...
Models of R & D-induced growth: an empirical investigation
(Ohio State University, 2000)
In the first chapter, I derive and estimate a system implied by a model of R&D-induced growth that relates R&D, patenting, technological change, and output growth. Regressing the rate of patenting on R&D intensity lags, ...
Immigration and international prices
(Elsevier, 2012-07)
This paper considers the relation between immigration and prices in a number of countries across the world over the period from 1990 to 2006. Immigration is shown to have a negative impact on international relative prices. ...
International medical technology diffusion
(2007)
Does medical technology generated in frontier countries have a significant impact on health outcomes in the rest of the world? This paper considers a framework where non-frontier countries may benefit from medical innovation ...
Cypriot LOP deviations before and after the Euro
(2014)
Did Cyprus become more integrated with Europe after adopting the
euro? How did this process affect its prices relative to its European partners? Does the degree of integration relative to European Union (EU)
economies ...