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Asymmetric Information, Entrepreneurial Activity, and the Scope of Fiscal Policy in an Open Regional Economy
Batabyal, Amitrajeet A. - 2010
We analyze two hitherto little studied but salient questions concerning the trinity of asymmetric information, entrepreneurial activity, and the scope of fiscal policy in an open regional economy. First, we use a two period model to analyze the contractual relationship between entrepreneurs and...
Persistent link: https://www.econbiz.de/10013143999
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Imperfect common knowledge and the effects of monetary policy
Woodford, Michael - 2001
Persistent link: https://www.econbiz.de/10001636665
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Indicator variables for optimal policy under asymmetric information
Svensson, Lars E. O. (contributor);  … - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001630133
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Indicator Variables for Optimal Policy Under Asymmetric Information
Svensson, Lars E. O.; Woodford, Michael - 2021
The optimal weights on indicators in models with partial information about the state of the economy and forward-looking variables are derived and interpreted, both for equilibria under discretion and under commitment. The private sector is assumed to have information about the state of the...
Persistent link: https://www.econbiz.de/10013218510
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Imperfect Common Knowledge and the Effects of Monetary Policy
Woodford, Michael - 2021
This paper reconsiders the Phelps-Lucas hypothesis, according to which temporary real effects of purely nominal disturbances result from imperfect information, but departs from the assumptions of Lucas (1973) in two crucial respects. Due to monopolistically competitive pricing, higher-order...
Persistent link: https://www.econbiz.de/10013212882
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Imperfect Common Knowledge and the Effects of Monetary Policy
Woodford, Michael - 2001
This paper reconsiders the Phelps-Lucas hypothesis, according to which temporary real effects of purely nominal disturbances result from imperfect information, but departs from the assumptions of Lucas (1973) in two crucial respects. Due to monopolistically competitive pricing, higher-order...
Persistent link: https://www.econbiz.de/10012470042
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Indicator Variables for Optimal Policy under Asymmetric Information
Svensson, Lars E.O. - 2001
The optimal weights on indicators in models with partial information about the state of the economy and forward-looking variables are derived and interpreted, both for equilibria under discretion and under commitment. The private sector is assumed to have information about the state of the...
Persistent link: https://www.econbiz.de/10012470469
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Spatial activity and labour market patterns
Russo, Giovanni; Reggiani, Aura; Nijkamp, Peter - 2005
the concept of 'entrepreneurial city'. A network connectivity model is adopted to assess connectivity patterns, using the …
Persistent link: https://www.econbiz.de/10011346457
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Network industries, economic stability and spatial integration
Button, Kenneth John; Nijkamp, Peter - 1997
with relying on market and competitive forcesto provide network services is the nature of supply and demandcharacteristics …
Persistent link: https://www.econbiz.de/10010336865
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Network Analysis of Commuting Flows : A Comparative Static Approach to German Data
Patuelli, Roberto - 2010
presented a research challenge to network analysis, that is, growth of the network. The present paper offers a network analysis … of the spatial commuting network in Germany. First, we study the spatial evolution of the commuting network over time …. Secondly, we compare two spatial interaction model (SIM) specifications, in order to replicate the actual network structure …
Persistent link: https://www.econbiz.de/10013138073