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Fiscal and Monetary Rules for a Currency Union

Ferrero, Andrea - EconWPA - 2005

This paper addresses the question of the joint conduct of fiscal and monetary policy in a currency union. The problem is studied using a two- country DSGE framework with staggered price setting, monopolistic competition in the goods market, distortionary taxation and nominal debt. The two...

Persistent link: https://www.econbiz.de/10005126475

REGULARITY OF THE GENERALIZED QUADRATIC PRODUCTION MODEL: A COUNTEREXAMPLE

Barnett, William A.; Pasupathy, Meenakshi - EconWPA - 2001

Recently there has been a growing tendency to impose curvature, but not monotonicity, on specifications of technology. But regularity requires satisfaction of both curvature and monotonicity conditions. Without both satisfied, the second order conditions for optimizing behavior fail and duality...

Persistent link: https://www.econbiz.de/10005062564

Policy Assessment of the European Central Bank and the Stability and Growth Pact’s Echo of the Conventional Wisdom on Budget Management

Ginn, William E. - EconWPA - 2004

, accountability, transparency, flexibility, and both goal and instrument independence; 2) Theoretical analysis of discrepancies of the …

Persistent link: https://www.econbiz.de/10005556620

An international comparison of effective marginal taxes on labour use

Romero-Jordan, Desiderio; Sanz-Sanz, José Felix - EconWPA - 2004

The purpose of this paper is to compare the different levels of tax rates on the use of the labour force in a range of …

Persistent link: https://www.econbiz.de/10005076585

Estimating and testing intertemporal preferences: A unified framework for consumption, work and savings

Chin, William - EconWPA - 2004

Five waves of the Panel Study of Income Dynamics (PSID), 1985-1989 including both wealth supplements, are used to construct an intertemporal budget constraint for selected single headed households. A new functional form of the dual consumer profit function rationalizing consumption, labor supply...

Persistent link: https://www.econbiz.de/10005125687

The Growth of Labour Hire Employment in Australia

Laplange, Patrick; Glover, Maurice; Fry, Tim - EconWPA - 2005

This Productivity Commission staff working paper, The Growth of Labour Hire Employment in Australia, was released in … February 2005. This staff working paper is part of an ongoing labour market research program at the Productivity Commission to … examine developments in employment relationships and the implications of these developments for the labour force and the …

Persistent link: https://www.econbiz.de/10005125696

Unemployment and re-employment of displaced workers

Murtough, Greg; Waite, Matthew - EconWPA - 2001

Examines the incidence and adjustment experiences of workers who are displaced by economic change. Since the mid-1970s, the aggregate annual rate of retrenchment has fluctuated in a counter-cyclical pattern around a relatively stable long-term trend of about 5 per cent. The paper shows that the...

Persistent link: https://www.econbiz.de/10005125741

The growth of non-traditional employment: are jobs becoming more precarious?

Murtough, Greg; Waite, Matthew - EconWPA - 2001

Examines the limitations of statistics for the analysis of non- traditional employment. Particular attention is given to problems interpreting the measure of casual employees in data published by the Australian Bureau of Statistics (ABS). Much of the discussion about non- traditional employment...

Persistent link: https://www.econbiz.de/10005125775

Productivity and the structure of employment

Barnes, Paula; Johnson, Rick; Kulys, Anthony; Hook, Scott - EconWPA - 2002

The paper examines the structure of employment defined by industry, skill, age, part-time and casual employment status and the distribution of earnings. Employment patterns, and changes in employment profiles, are examined for differences between high productivity growth industry sectors and low...

Persistent link: https://www.econbiz.de/10005125799

Globalisation and the National Market

Shastri, Rahul - EconWPA - 2005

by a knowledge of the labour content of different items sold to the consumers. Protection of the national market from …

Persistent link: https://www.econbiz.de/10005062670