Similar Search Results

The quality effect of intrafirm bargaining with endogenous worker flows

Maury, Tristan-Pierre; Tripier, Fabien - HAL - 2011

This paper proposes a new explanation of the job quality issue in search and matching models, which is not based on market externalities but on strategic interactions within firms through the intrafirm bargaining process. We develop a matching and intrafirm bargaining model in which large firms...

Persistent link: https://www.econbiz.de/10008839536

Risk Aversion in the Euro area

Benchimol, Jonathan - HAL - 2012

We propose a New Keynesian Dynamic Stochastic General Equilibrium (DSGE) model where a risk aversion shock enters a separable utility function. We analyze five periods, each one lasting twenty years, to follow over time the dynamics of several parameters (such as the risk aversion parameter),...

Persistent link: https://www.econbiz.de/10010635160

The frontier of indeterminacy in a neo-Keynesian model with staggered prices and wages

Blasselle, Alexis; Poissonnier, Aurélien - HAL - 2013

We consider a neo-Keynesian model with staggered prices and wages. When both contracts exhibit sluggish adjustment to market conditions, the policy maker faces a trade-off between stabilizing three welfare relevant variables: output, price inflation and wage inflation. We consider a monetary...

Persistent link: https://www.econbiz.de/10010899353

The Taylor principle and global determinacy in a non Ricardian world

Bénassy, Jean-Pascal; Guillard, Michel - HAL - 2005

The Taylor principle is quite usually considered as a central condition for price determinacy. Recently, however, this has been questioned on several grounds, notably because (i) this condition is a condition for local determinacy, not global determinacy (ii) it has been derived in "Ricardian"...

Persistent link: https://www.econbiz.de/10010929084

Interest rate rules, inflation and the Taylor principle: An analytical exploration

Bénassy, Jean-Pascal - HAL - 2005

the elasticity of response depends on numerous factors, such as the degree of price rigidity, the autocorrelation of the … underlying shocks, or which measure of inflation is used. In general the optimal elasticity of the interest rate with respect to …

Persistent link: https://www.econbiz.de/10010930174

Interest rate rules and global determinacy: An alternative to the Taylor principle

Bénassy, Jean-Pascal - HAL - 2007

A most wellknown determinacy condition on interest rate rules is the "Taylor principle", which says that nominal interest rates should respond more than hundred percent to inflation. Unfortunately, notably because interest rates must be positive, the Taylor principle cannot be satisfied for all...

Persistent link: https://www.econbiz.de/10010930216

Steady-State Labor Supply Elasticities: An International Comparison

Bargain, Olivier; Peichl, Andreas - HAL - 2013

difference across studies (data, selection or model estimation and specification). While the former exists but is shown to be …

Persistent link: https://www.econbiz.de/10010933859

Comparing Labor Supply Elasticities in Europe and the US: New Results

Bargain, Olivier; Orsini, Kristian; Peichl, Andreas - HAL - 2012

We suggest the first large-scale international comparison of labor supply elasticities for 17 European countries and the US, separately by gender and marital status, with measurement differences netted out by using a harmonized empirical approach and comparable data sources. We find that...

Persistent link: https://www.econbiz.de/10010933900

Estimating the functional form of road traffic maturity

Nunez, Antonio - HAL - 2008

-term forecasts, due to constant elasticity to gross domestic product these models assume. In this paper we argue that traffic … maturity results from decreasing marginal utility of transport. The elasticity of individual mobility with respect to the … revenue tends to decrease when the level of mobility increases. In order to find evidences of decreasing elasticity we analyse …

Persistent link: https://www.econbiz.de/10008790680

Assessing the Effects of Financial Heterogeneity in a Monetary Union : A DSGE Approach

Badarau, Florina-Cristina; Levieuge, Grégory - HAL - 2011

The aim of this article is to analyze how financial heterogeneity can accentuate the cyclical divergences inside a monetary union that faces technological, monetary and financial shocks. To this purpose, this study relies on a two-country Dynamic Stochastic General Equilibrium model, where the...

Persistent link: https://www.econbiz.de/10010899901