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Now showing items 31-40 of 47
Consumers’ updating and policy shocks: An empirical assessment of state dependencies
(Cambridge University Press, 2022-12)
We assess the impact of fiscal and monetary policy shocks on US survey-based consumer expectations within states of low and high public debt. Following an unexpected increase
in government spending, consumption intentions ...
Measuring the Welfare Costs of Racial Discrimination in the Labor Market
(2023-04)
We find that the conditional wage-gap for non-whites is negatively related to gross domestic product per worker across the US. To explain this, we develop a model linking unequal access to employment with the wage gap, ...
Firms’ expectations and monetary policy shocks in the euro area
(Elsevier, 2022-04)
We investigate the impact of monetary policy shocks on firms’ selling price and production expectations utilizing a proxy structural vector autoregressive (SVAR) model for ten euro area economies during the period from ...
Non-linearities in International Prices
(2023-08)
We consider multiple sources of non-linearity in good-level law-of-one-price deviations across the globe using a structural model that accounts for previously omitted variables and allows estimation of good-level convergence ...
R&D, innovation, and technological progress: a test of the schumpeterian framework without scale effects
(2002)
I use U.S. manufacturing industry data to estimate a system of three equations implied by a model of
R&D-induced growth in steady state. These three equations relate R&D intensity to patenting, patenting
to technological ...
Longevity and education: a macroeconomic perspective
(2007-12)
This paper investigates the determinants of longevity at a macroeconomic level, emphasizing the important role played by education. To analyze the determinants of longevity, we build
a model where households intentionally ...
The importance of trade costs in deviations from the law-of-one-price: Estimates based on the direction of trade
(2012)
The full impact of trade costs in segmenting product markets cannot be captured by considering aggregate prices or in the absence of information on the direction of trade. We address this problem by utilizing product-specific ...
International medical R&D spillovers
(2004)
Does medical technology originating in countries close to the technology frontier have a significant impact on health outcomes in countries distant from this frontier? This paper considers
a framework where lagging countries ...
Longevity and education externalities: a macroeconomic perspective
(2008-12)
We argue that education exerts positive external effects on health, beyond the standard
internal effects documented in the literature. We put forward a model that clarifies the links
between education and longevity in ...
A contribution to the empirics of welfare growth
(2010)
This paper compares the determinants of economic growth and welfare growth. Our main
result is that determinants may differ or have different impact on welfare outcomes as compared
to economic outcomes. Human capital ...