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Pension Entitlements of French and American Households : A First Comparison (Défiscalisation des Heures Supplémentaires: Une Perspective d’Équilibre Général) (French)

Matheron, Julien - 2010

This paper characterizes the short- and long-run effects of overtime de-taxation. A dynamic general equilibrium with overtime hours is first developed and calibrated to French data. A fiscal shock consisting of a complete de-taxation of overtime hours is then implemented in the model. Several...

Persistent link: https://www.econbiz.de/10013135221

Sequential Coordination, Higher-Order Belief Dynamics and E-Stability Principle

Gaballo, Gaetano - 2014

This paper explores convergence in higher-order beliefs - otherwise called eductive stability - when coordination is … in case of strategic complementarity. In particular eductive stability can be obtained for any degree of substitutability … eductive convergence occurs at the same conditions of adaptive convergence, in accordance to the E-stability principle …

Persistent link: https://www.econbiz.de/10013046360

Heterogeneous Banking Efficiency : Allocative Distortions and Lending Fluctuations

Duprey, Thibaut - 2013

This paper is a first attempt to connect the heterogeneity in bank efficiency with lending fluctuations and allocation efficiency : there is a trade-off between the two in the presence of heterogeneity in bank monitoring efficiency. The mechanism at hand is twofold. (a) First the rent extracted...

Persistent link: https://www.econbiz.de/10013072408

Wage Rigidity, Collective Bargaining and the Minimum Wage : Evidence from French Agreement Data

Avouyi-Dovi, Sanvi - 2010

We highlight different stylized facts concerning wage stickiness. First, in France, the typical duration of a wage agreement is one year. Consequently, a Taylor-type (1980) model appears to reproduce appropriately the distribution of agreement durations. Some 30 percent of settlements stipulate...

Persistent link: https://www.econbiz.de/10013139568

The Pricing Behaviour of Firms in the Euro Area : New Survey Evidence

Fabiani, Silvia - 2011

This study investigates the pricing behaviour of firms in the euro area on the basis of surveys conducted by nine Eurosystem national central banks, covering more than 11,000 firms. The results, robust across countries, show that firms operate in monopolistically competitive markets, where...

Persistent link: https://www.econbiz.de/10013132582

Heterogeneous Banking Efficiency : Allocative Distortions and Lending Fluctuations

Duprey, Thibaut - 2014

This paper is a first attempt to connect the heterogeneity in bank efficiency with lending fluctuations and allocation efficiency: there is a trade-off between the two in the presence of heterogeneity in bank monitoring efficiency. The mechanism at hand is twofold: (a) First the rent extracted...

Persistent link: https://www.econbiz.de/10013061515

Financial Fragility in Small Open Economies : Firm Balance Sheets and the Sectoral Structure

Kalantzis, Yannick - 2014

Episodes of large capital inflows in small open economies are often associated with a shift of resources from the tradable to the non-tradable sector and sometimes lead to balance-of-payments crises. This paper builds a two-sector dynamic model to study the evolution of the sectoral structure...

Persistent link: https://www.econbiz.de/10013048034

Consumption Inequality in the Digital Age

Arvai, Kai; Mann, Katja - 2023

This paper studies how digitalization affects consumption inequality. We assemble a novel dataset of digital technology used in the production process, link it to US consumption data and establish a new stylized fact: High-income households consume a higher share of digitally produced products...

Persistent link: https://www.econbiz.de/10014263158

Rent Creation and Sharing : New Measures and Impacts on TFP

Cette, Gilbert - 2018

This analysis proposes new measures of rent creation or (notional) mark-up and workers' share of rents on cross-country-industry panel data. While the usual measures of mark-up rate implicitly assume perfect labor markets, our approach relaxes this assumption, and takes into account that part of...

Persistent link: https://www.econbiz.de/10012921949

The Shimer Puzzle(s) in a New Keynesian Framework

Pizzo, Alessandra - 2014

In this paper I shed light on the issues of the (low) volatilities of labor market variables implied by the search and matching model and the (high) values of the correlations between these variables and labor productivity. On the one hand, Shimer (2005) claims that “Not only there is little...

Persistent link: https://www.econbiz.de/10013046394

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