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Eckartz, Katharina; Kirchkamp, Oliver; Schunk, Daniel - CESifo - 2012

We compare performance in a word based creativity task under three incentive schemes: a flat fee, a linear payment and …

Persistent link: https://www.econbiz.de/10010877854

Incentives and Creativity in Groups

Ramm, Joachim; Tjøtta, Sigve; Torsvik, Gaute - CESifo - 2013

It has been argued that monetary incentives restrain individual creativity and hamper performance in jobs requiring out …

Persistent link: https://www.econbiz.de/10010690377

Foreign Aid and Domestic Absorption

Temple, Jonathan; Sijpe, Nicolas Van de - CESifo - 2014

We introduce a new ‘supply-push’ instrument for foreign aid, to be used together with an instrumental variable estimator that filters out unobserved common factors. We use this instrument to study the effects of aid on macroeconomic ratios, and especially the ratios of consumption,...

Persistent link: https://www.econbiz.de/10010948860

Does Central Bank Communication really Lead to better Forecasts of Policy Decisions? New Evidence Based on a Taylor Rule Model for the ECB

Sturm, Jan-Egbert; Haan, Jakob de - CESifo - 2009

central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the … ECB communication that are all based on the ECB President’s introductory statement at the press conference following an … included in our Taylor rule model, the ECB communication indicators remain significant. …

Persistent link: https://www.econbiz.de/10005013956

Agency and Communication in IMF Conditional Lending: Theory and Empirical Evidence

Marchesi, Silvia; Sabani, Laura; Dreher, Axel - CESifo - 2009

We focus on the role that the transmission of information between a multilateral (the IMF) and a country has for the optimal design of conditional reforms. Our model predicts that when agency problems are especially severe, and/or IMF information is valuable, a centralized control is indeed...

Persistent link: https://www.econbiz.de/10005051565

Does Money Matter in the ECB Strategy? New Evidence Based on ECB Communication

Berger, Helge; Sturm, Jan-Egbert - CESifo - 2006

We examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the monthly press conferences during 1999-2004. Over time, the relative amount of words devoted to the monetary analysis has decreased. Our analysis of indicators of the monetary policy...

Persistent link: https://www.econbiz.de/10005406390

Long Persuasion Games

Forges, Francoise; Koessler, Frédéric - CESifo - 2006

This paper characterizes geometrically the set of all Nash equilibrium payoffs achievable with unmediated communication …

Persistent link: https://www.econbiz.de/10005181479

Let's Talk: How Communication Affects Contract Design

Brandts, Jordi; Charness, Gary; Ellman, Matthew - CESifo - 2012

shock and a discretionary buyer transfer. In the absence of communication, we find that rigid contracts are more frequent … and lead to higher earnings for both buyer and seller. By contrast, in the presence of communication, flexible contracts … considerably more from flexible with communication than rigid without communication. Our results show quite strongly that …

Persistent link: https://www.econbiz.de/10010558687

Information Transmission within Federal Fiscal Architectures: Theory and Evidence

Dreher, Axel; Gehring, Kai; Kotsogiannis, Christos; … - CESifo - 2013

of unverifiable information and the quality of communication depends on the conflict of interests between the government …

Persistent link: https://www.econbiz.de/10010693469

Information Transmission and Ownership Consolidation in Aid Programs

Dreher, Axel; Marchesi, Silvia - CESifo - 2013

This paper explores the role of information transmission in explaining donors’ choice between project aid and budget support. Budget support increases the involvement of recipient governments in the decision-making process and can thus be an example of a “delegation-scheme.” Conversely,...

Persistent link: https://www.econbiz.de/10010701088