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certificate focus on seller inputs such as fast shipping, or include output measures such as consumer ratings? In theory …
Persistent link: https://www.econbiz.de/10012814449
This paper examines issues in the current debate over coordination between fiscal and monetary policies. Section I1 … uses the traditional targets-instruments approach to assess the potential gains from greater coordination. Since greater … coordination is often equated with looser money and tighter fiscal policy, two econometric models of the economy are used to …
Persistent link: https://www.econbiz.de/10012478123
need for policy coordination: the specific choice of monetary policy limits the set of fiscal policies consistent with …
Persistent link: https://www.econbiz.de/10012464256
identify exogenous determinants of timing. We develop a theory illustrating conditions under which synchronicity will vary and … expect more coordination outside of their local areas are more responsive to the effects of time zones …
Persistent link: https://www.econbiz.de/10012466315
transparency is optimal. This is because more transparency facilitates more effective coordination, which is valuable from a social … ambiguity becomes optimal if there is a high risk that more transparency will lead to coordination failures …
Persistent link: https://www.econbiz.de/10012468302
. However, coordination on a rule leaves arbitrators as a group vulnerable to manipulation by coalitions of employers or …
Persistent link: https://www.econbiz.de/10012475176
We develop a political-economy model of economic union and compare the competion regime to the coordination regime. Key … of migration. We argue that the differences between the U.S. and the EU - the degree of coordination among the member …
Persistent link: https://www.econbiz.de/10012457063
A surprisingly large amount of commentary today marks the beginning of the dot-com bubble of the late 1990s from either the Netscape Communications initial public offering of 1995 or Alan Greenspan's "irrational exuberance" speech of 1996. We believe that this is wrong: we see little sign that...
Persistent link: https://www.econbiz.de/10012466660
Modern technology provides the basis of an efficient low-cost electronic payments as an alternative to the current system where fiat money is the medium of exchange. This paper explores possible macro-economic implication, showing how such a financial system might enhance government's ability to...
Persistent link: https://www.econbiz.de/10012455648
This paper develops a model of evolving standards for academic publishing. It is motivated by the increasing tendency of academic journals to require multiple revisions of articles and by changes in the content of articles. Papers are modeled as varying along two quality dimensions: q and r. The...
Persistent link: https://www.econbiz.de/10012470945