Similar Search Results

Consumer price adjustment under the microscope : Germany in a period of low inflation

Hoffmann, Johannes (contributor); … - 2006

We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price … data from the German Consumer Price Index which covers the years 1998 to 2003. We strong find evidence of time- and state …-dependent price adjustment. Most importantly, the differences in unconditionalʺ sectoral price flexibility are found to be linked to …

Persistent link: https://www.econbiz.de/10003339174

Employment guarantee programs : a survey of theories and policy experiences

Kaboub, Fadhel (contributor) - 2007

This working paper provides a survey of the theoretical underpinnings for the various employment guarantee schemes, and discusses full employment policy experiences in the United States, Sweden, India, Argentina, and France. The theoretical and policy developments are delineated in a historical...

Persistent link: https://www.econbiz.de/10003727004

What are the relative macroeconomic merits and environmental impacts of direct job creation and basic income guarantees?

Tcherneva, Pavlina R. (contributor) - 2007

There is a body of literature that favors universal and unconditional public assurance policies over those that are targeted and means-tested. Two such proposalsthe basic income proposal and job guaranteesare discussed here. The paper evaluates the impact of each program on macroeconomic...

Persistent link: https://www.econbiz.de/10003727243

Minsky and economic policy :"Keynesianismʺ all over again?

Tymoigne, Éric (contributor) - 2008

Recently, national newspapers all over the world have suggested that we should reread John Maynard Keynes, and that Hyman P. Minsky provides a valuable framework for understanding the world in which we live. While rereading Keynes and discovering Minsky are noble goals, one should also remember...

Persistent link: https://www.econbiz.de/10003773518

Excess capital and liquidity management

Toporowski, Jan (contributor) - 2008

-Keynesian theory of liquidity preference as the opportunity cost of investment; and the notion of the liquidity premium as a factor in …

Persistent link: https://www.econbiz.de/10003773522

Measuring business sector concentration by an infection model

Düllmann, Klaus (contributor) - 2006

Results from portfolio models for credit risk tell us that loan concentration in certain industry sectors can substantially increase the value-at-risk (VaR). The purpose of this paper is to analyze whether a tractable infection modelʺ can provide a meaningful estimate of the impact of...

Persistent link: https://www.econbiz.de/10003326735

The coordination channel of foreign exchange intervention : a nonlinear microstructural analysis

Reitz, Stefan (contributor); Taylor, Markt P. (contributor) - 2006

The coordination channel has been proposed as a means by which foreign exchange market intervention may be effective, in addition to the traditional portfolio balance and signaling channels. If strong and persistent misalignments of the exchange rate are caused by non-fundamental influences,...

Persistent link: https://www.econbiz.de/10003304957

Real-time macroeconomic data and ex ante predictability of stock returns

Döpke, Jörg (contributor); Hartmann, Daniel (contributor); … - 2006

We report results on the ex ante predictability of monthly excess stock returns in Germany using real-time and revised macroeconomic data. Our real-time macroeconomic data cover the period 1994-2005. We report three results. 1) Real-time macroeconomic data did not contribute much to ex ante...

Persistent link: https://www.econbiz.de/10003304970

Identifying the role of labor markets for monetary policy in an estimated DSGE model

Christoffel, Kai (contributor); Küster, Keith (contributor) - 2006

We focus on a quantitative assessment of rigid labor markets in an environment of stable monetary policy. We ask how wages and labor market shocks feed into the inflation process and derive monetary policy implications. Towards that aim, we structurally model matching frictions and rigid wages...

Persistent link: https://www.econbiz.de/10003339179

Revisiting (and connecting) Marglin-Bhaduri and Minsky : an SFC look at financialization and profit-led growth

Santos, Claudio Hamilton Matos dos; Silva, Antonio … - 2009

Many heterodox strands of thought share both a concern with the study of different phases or growth regimes in the history of capitalism and the use of formal short-run models as an analytical tool. This text suggests that: (1) this strategy is potentially misleading; (2) that the stock-flow...

Persistent link: https://www.econbiz.de/10003859971