[PDF] Top 20 Essays on Non-Price Competition and Macroeconomics

... rigidities on inflation ...disturbances and, all else being equal,to reduce the size of the Phillip curve’s ...in price-setting, also refereed to as strategic complementarities, are now recognized as ... See full document

... linear and non-linear ...whose price is above three times (or a third below) the median ...Gopinath and Rigobon (2008) and Klenow and Kryvtsov (2008) eliminate prices that are ... See full document

... aid on economic growth, that has been popular in both academic and policy circles, are nancing constraints (see ...Domestic and, in particular, rural nancial markets are often ill-functioning (or ... See full document

... Carneiro and Portugal (2006) for Portugal, Eliason and Storrie (2006) for Sweden find the long-term losses to be large and concordant with the earlier studies for the ...Burda and Mertens ... See full document

... light on many persistent contradictions between theoretical business-cycle volatil- ities and their empirical ...GDP and closer to the actual value compared to the existent ...to non-standard ... See full document

... of price stickiness with a large share of rule-of-thumb agents generates ...a non fundamental shock. Sluggish price adjustment induces a decline in the markups which allows real wages to go up - even ... See full document

... information on sectoral factor inputs is another serious issue for the standard approach, especially for developing ...sectors and perfect competition in goods and factor ...endowments ... See full document

... self-contained essays on non-stationary panel ...cointegration and unit root analysis in panel data ...microeconomic and financial applications, cross-section depen- dence is more a ... See full document

... Mehra and Prescott 1985, the literature has tried to understand why risky assets are less demanded than what rational mod- els would ...market and making non-profitable for rational traders to bet ... See full document

... information on inputs at the sectoral level to compute productivities but just need data on aggregate factor ...predictions on differences in sectoral prices so that we do not depend on ... See full document

... (1987) and Farrell and Gallini (1988) who show that a monopolist may have incentive to create competition in order to be able to com- mit to a low price or a high ...choose and how much ... See full document

... demand and costs of production factors and 2) non-recurrent funding, which supports program-contracts tied to output-performance, ...Madrid and Catalonia, which represent about ...expenditure ... See full document

... components: On the one hand, its living component (biomass, biodiversity, dynamics) and, on the other hand, its non-renewable component, including the biophysic ability of a particular place ... See full document

... losses and shows some im- portant analytical ...Calvo price-setting in order to compute the welfare losses when the pricing decisions are ...run, on aggregate in‡ation and on the ... See full document

... evidence on counter-cyclical lending standards as can be seen in the Loan Officer Survey of the Federal Reserve Survey or the recent work by Dell’Ariccia et ...focus on the cross-section rather than the ... See full document

... Doerrenberg and Peichl, 2014; Wolff and Zacharias, 2007) generally views fiscal policy as a measure to address growing income inequality, which is a widespread concern nowadays ...Saiki and Frost, ... See full document

... expenditures on early education due to its redistributive ...endogenous and households vote via prob- abilistic ...age and level of education across countries to explain variations in education ... See full document

... Patrinos and Vadwa (1995) analyse the production costs of introducing local language material in the context of Guatemala and ...based on 500,000 textbooks developed by Direccion General de Educacion ... See full document

... light on the relation between marital sorting, inequality, and economic ...nandez and Rogerson (2001), Fernandez et al. (2005), and Greenwood et ...theoretical and empirical correlation ... See full document

... quality and child’s own ability are the sole determi- nants of student’s ...analysis on the role of vouchers in allowing poor families to invest an efficient amount in their children’s ...ability and ... See full document