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Matching labor’s share in a search and matching model
Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2011
negative relationship between labor’s share and lagged productivity growth and inflation. I also evaluate the role of labor …
Persistent link: https://www.econbiz.de/10009292397
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What Can a New Keynesian Labor Matching Model Match?
Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2009
1980s. Based on the timing of observed fluctuations in interest rates, inflation, and productivity, it appears that the …
Persistent link: https://www.econbiz.de/10005700617
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Evaluating the performance of the search and matching model with sticky wages
Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2010
cycle volatility and matching the lack of a long-run relationship between vacancy creation and inflation. With regard to …
Persistent link: https://www.econbiz.de/10009021626
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FDI, skill-specific unemployment, and institutional spillover effects
Schmerer, Hans-Jörg - Institut für Weltwirtschaft (IfW) - 2012
This paper proposes a multi-industry trade model with integrated capital markets and Mortensen and Pissarides search frictions in the labor market. Institutional changes in the model trigger adjustments at the intensive and extensive margin of labor demand. At the extensive margin a shift of the...
Persistent link: https://www.econbiz.de/10009416986
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Trend Growth and Learning About Monetary Policy Rules in a Two-Block World Economy
Schaling, Eric; Tesfaselassie, Mewael F. - Institut für Weltwirtschaft (IfW) - 2013
Available evidence supports the view that growth is faster in more open economies. In order to analyze the implications of openness and growth on determinacy and learnability of worldwide rational expectations equilibria we develop a two-country New Keynesian model with growth. We analyze these...
Persistent link: https://www.econbiz.de/10010886862
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The Optimal Inflation Rate and Firm-Level Productivity Growth
Weber, Henning - Institut für Weltwirtschaft (IfW) - 2012
-price model with firm-level productivity growth fits this data and predicts that the optimal long-run inflation rate is positive … long-run inflation near zero. Despite positive long-run inflation, the Taylor principle ensures determinacy in the model … with firm-level productivity growth, and optimal inflation stabilization policies are standard. In a two-sector extension …
Persistent link: https://www.econbiz.de/10010886886
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Expanding the welfare system : a proposal for reform
Orszag, Jonathan Michael; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 1998
The proposal involves the establishment of ?welfare accounts? for every person in a country. There are to be four accounts: a retirement account (covering pensions), an unemployment account (covering unemployment support), a human capital account (covering education and training), and a health...
Persistent link: https://www.econbiz.de/10010955894
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Structural heterogeneity and partial budgetary cooperation in a monetary union
Menguy, Séverine - Institut für Weltwirtschaft (IfW) - 2012
The paper analyzes the usefulness of budgetary cooperation in a monetary union, even if it is limited to a subgroup of countries with close structural characteristics. The author finds that its advantages depend on the nature of the shocks and on the width of the heterogeneities within the...
Persistent link: https://www.econbiz.de/10010956125
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Challenges Associated with the Expansion of Deposit Insurance Coverage during Fall 2008
Schich, Sebastian T. - Institut für Weltwirtschaft (IfW) - 2009
Government provision of a financial safety net for financial institutions has been a key element of the policy response to the current crisis, with governments extending existing guarantees and introducing new ones. These measures have been helpful in avoiding a further accelerated loss of...
Persistent link: https://www.econbiz.de/10005083336
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On Policy Relevance of Ramsey Tax Rules
Selim, Sheikh - Institut für Weltwirtschaft (IfW) - 2007
The Ramsey approach to optimal taxation and Ramsey tax rules have amassed substance in economic theory. However, they are often criticized on grounds of practicality, fairness, feasibility and some other aspects of designing actual tax policy. This paper presents a collection of these views; it...
Persistent link: https://www.econbiz.de/10005083348