A crucial question centering many recent debates in the international macroeconomics is under which currency the price is sticky. This paper provides a microfoundation to study the firm¡¦s choice of price setting currency in the sticky price model. I first prove that the risk preference is a...

LISTE EINIGER WICHTIGER ABKÜRZUNGEN 4 ZUM GELEIT 6 EINFÜHRUNG UND PROBLEMAUFRISS - INTERNATIONALE SOZIALPOLITIK BEDEUTET FÖRDERUNG DER KONVERGENZ DER LEBENSBEDINGUNGEN 7 TEIL A: SOZIALRECHT UND SOZIALPOLITIK DER EU 14 1) ENTWICKLUNGSLINIEN UND GRUNDPRINZIPIEN DER EUROPÄISCHEN SOZIALPOLITIK...

This paper carries out an empirical assessment of the relationship between social capital and the quality of economic development in Italy. The analysis draws on a dataset collected by the author including about two hundred variables representing different aspects of economic development and...

This paper carries out an empirical assessment of the relationship between social capital and the quality of economic development in Italy. The analysis draws on a dataset collected by the author including about two hundred variables representing different aspects of economic development and...

This paper carries out an empirical assessment of the relationship between social capital and the quality of economic development in Italy. The analysis draws on a dataset collected by the author including about two hundred variables representing different aspects of economic development and...

This paper analyses changes in the distribution of equivalised gross household income and income inequality in New Zealand between 1983 and 1998. We analyse the distributional effects of changes in household structure, National Superannuation (old age pension), household socio- demographic...

This paper introduces a psychological notion of categorization into economics and derives its implications for economic decision making. We show, using a tractable model of social cognition, that a decision maker in (efficiently) assigning past experiences to categories, will sort experiences of...

We evaluate the claim that world consumption poverty has fallen during the 1990s in light of alternative assumptions about the extent of initial poverty and the rate of subsequent poverty reduction in China, India, and the rest of the developing world. We assess the extent of poverty using two...