Similar Search Results

Finance, labour, capital, and international integration

Bertola, Giuseppe - 2016

Labour incomes depend on structural as well as politico-economic factors, because labour market policies partially remedy the financial market imperfections that make labour income shocks difficult to insure, and have different implications for labour and capital income. This paper illustrates...

Persistent link: https://www.econbiz.de/10011444492

Wedges : distribution, distortions, and market integration

Bertola, Giuseppe - 2017 - First draft March 2017. This draft August 2017

This paper proposes a stylized model of policy determination and imperfect international integration. A country-specific policy wedge corrects labor market imperfections and/or redistributes welfare across differently wealthy agents. Capital market integration with the rest of the world, indexed...

Persistent link: https://www.econbiz.de/10011718418

Consumers' macroeconomic expectations

Dräger, Lena; Lamla, Michael - 2023

role of narratives and preferences and lastly, we survey the research on causal effects of central bank communication on …

Persistent link: https://www.econbiz.de/10014383922

Central bank communication with the general public

Dräger, Lena - 2023

This paper surveys the literature on the role and effects of central bank communication with the general public … "communication revolution" in central bank communication. The challenges for central bank communication with the public are outlined … media as transmitter of central bank communication to the public. …

Persistent link: https://www.econbiz.de/10014384011

Inflation literacy, inflation expectations, and trust in the central bank : a survey experiment

Dräger, Lena; Giang Hong Nghiem - 2023

This paper studies the causal effect of inflation literacy on inflation expectations and trust in the central bank … bank. It also causes a higher likelihood that respondents provide inflation predictions, but does not affect the level of … reported forecast uncertainty and trust in the central bank. …

Persistent link: https://www.econbiz.de/10014309588

Transatlantic free trade : the view point of Germany

Felbermayr, Gabriel; Aichele, Rahel - 2014

The proposed Transatlantic Trade and Investment Partnership (TTIP) between the European Union and the United States of America would be the largest preferential trade agreement in the world. Encompassing almost half of world GDP, it will have strong economic effects on Germany. In this paper, we...

Persistent link: https://www.econbiz.de/10010469280

Kyoto and carbon leakage : an empirical analysis of the carbon content of bilateral trade

Aichele, Rahel; Felbermayr, Gabriel - 2011

Has the Kyoto Protocol induced carbon leakage? We conduct the first empirical ex-post evaluation of the Protocol. We derive a theoretical gravity equation for the CO2 content of trade, which accounts for intermediate inputs, both domestic and imported. The structure of our new panel database of...

Persistent link: https://www.econbiz.de/10009383458

European unemployment revisited : shocks, institutions, integration

Bertola, Giuseppe - 2016

This paper painstakingly restores a vintage empirical model of unemployment determination by interacting shocks and institutions, and runs it on recent data featuring dramatic shocks and controversial institutional change. Theoretical insights and empirical results suggest that reforms and...

Persistent link: https://www.econbiz.de/10011557882