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Panacea, Curse, or Nonevent? Unconventional Monetary Policy in the United Kingdom
By: Andre MeierImprint: INTERNATIONAL MONETARY FUND
Format: Adobe Encrypted (DRM)
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Existing estimates of power laws in firm size typically ignore the impact of international trade. Using a simple theoretical framework, we show that international trade systematically affects the distribution of firm size: the power law exponent among exporting firms should be strictly lower in absolute value than the power law exponent among non-exporting rms. We use a dataset of French firms to demonstrate that this prediction is strongly supported by the data. While estimates of power law exponents have been used to pin down parameters in theoretical and quantitative models, our analysis implies that the existing estimates are systematically lower than the true values. We propose two simple ways of estimating power law parameters that take explicit account of exporting behavior.
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| Title of Business & Economics eBook: Panacea, Curse, or Nonevent? Unconventional Monetary Policy in the United Kingdom | |
| Release Date: 03-31-2006 | |
| Publisher: INTERNATIONAL MONETARY FUND |
This eBook download is available in the following formats:
| Parent title | Panacea, Curse, or Nonevent?... |
|---|---|
| Encrypted (DRM) | Yes |
| SKU | 9781451873108 |
| File size | 820 |
| Security | n/a |
| Printing | Not allowed |
| Copying | Not allowed |
| Read aloud | No Sys requirements Download reader |
| Devices | Samsung Tablet, Apple Ipad & Iphone, Barnes & Noble Nook, Kobo eReader, Aluratek Libre, Iliad, Nokia, Blackberry, Hanlin |
| Note | Excellent navigation features are available via Adobe such as bookmarks and a quick access table of contents. Text search is easily accessible. An Adobe DRM-protected file is different than a pdf file in that it uses Adobe DRM (Digital Rights Management) technology, which authors and publishers use to protect their content from illegal online distribution and to set certain privileges such as restrictions on copying and printing. |








