Showing 1 - 10 of 66,508
We study the distributional consequences of housing price, bond price and equity price increases for Euro Area households using data from the Household Finance and Consumption Survey (HFCS). The capital gains from bond price and equity price increases turn out to be concentrated among relatively...
Persistent link: https://www.econbiz.de/10011316626
This book pulls together papers presented at a conference in honour of the 1981 Nobel Prize Winner for Economic Science, the late James Tobin. Among the contributors are Olivier Blanchard, Edmund Phelps, Charles Goodhart and Marco Buti. One of the main aims of the conference was to discuss what...
Persistent link: https://www.econbiz.de/10012627061
Persistent link: https://www.econbiz.de/10011347001
We estimate the low-frequency relationship between fiscal deficits and inflation and pay special attention to its … suggest that the low-frequency relationship between fiscal deficits and inflation is strongly related to the conduct of … monetary policy and its interaction with fiscal policy after World War II. -- Time-Varying VAR ; Inflation ; Public Deficits …
Persistent link: https://www.econbiz.de/10009732985
We estimate the low-frequency relationship between fiscal deficits and inflation and pay special attention to its … suggest that the low-frequency relationship between fiscal deficits and inflation is strongly related to the conduct of …
Persistent link: https://www.econbiz.de/10010338389
Das Ziel der Arbeit ist die Überprüfung der aufgestellten These: Der Grad der Unabhängigkeit einer Notenbank hat keinen wesentlichen Einfluß auf die Entwicklung des Geldwertes. Dies erfordert zunächst die Operationalisierung des Begriffs Unabhängigkeit. Hierzu wird aus den vier Dimensionen...
Persistent link: https://www.econbiz.de/10011963235
Persistent link: https://www.econbiz.de/10013439691
Persistent link: https://www.econbiz.de/10011552062
In der Auseinandersetzung um die Lösung stabilitätspolitischer Probleme wird seit den 70er Jahren in den Vereinigten Staaten der Vorschlag diskutiert, die Globalsteuerung durch den Einsatz der Steuerpolitik mikroökonomisch zu ergänzen. Allen Vorschlägen einer «tax-based incomes policy»...
Persistent link: https://www.econbiz.de/10011963701
We incorporate a wage bargaining structure in a dynamic general equilibrium model and show how this feature changes short and long-run properties of equilibria compared with a perfectly competitive setting. We discuss how employment, capital, and income shares respond to wage setting shocks and...
Persistent link: https://www.econbiz.de/10011419073