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Prospects for Output and Employment Growth with Steady Inflation

Dungey, M.; Pitchford, J. - Research School of Economics, College of Business and … - 1998

Monetary policy affects both real variables, such as employment, unemployment and output and nominal variables such as nominal interest and inflation rates. For close to a decade the principal focus of monetary policy has been on inflation. During a recession, or when one appears imminent, the...

Persistent link: https://www.econbiz.de/10004971339

A Search Model of Optimal Pricing and Production

Alpern, Steve; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1988

and production decisions. We show how this methodology can be used to determine an optimal sequence of price …. We compare and contrast the high-low model with the conventional microeconomic model of pricing and production. We show … how the firm uses its pricing and production decisions to partition the uncertainty interval it faces and thereby …

Persistent link: https://www.econbiz.de/10005656333

Inattentive Producers

Reis, Ricardo - C.E.P.R. Discussion Papers - 2005

I present and solve the problem of a producer who faces costs of acquiring, absorbing, and processing information. I establish a series of theoretical results describing the producer's behaviour. First, I find the conditions under which she prefers to set a plan for the price she charges, or...

Persistent link: https://www.econbiz.de/10005504647

Adjustment and Performance of the Textile and Clothing Industry in the Czech Republic, Poland and Portugal

Benacek, Vladimir; Caban, Wieslaw; Corado, Cristina - C.E.P.R. Discussion Papers - 1995

contribution of the new, private firms in the Czech Republic to find that production and employment in the clothing industry …

Persistent link: https://www.econbiz.de/10005136480

The Farm, the City and the Emergence of Social Security

Caucutt, Elizabeth; Cooley, Thomas F; Guner, Nezih - C.E.P.R. Discussion Papers - 2007

During the period from 1880 to 1950 publicly managed retirement security programs became an important part of the social fabric in most advanced economies. In this paper we study the social, demographic and economic origins of social security. We describe a model economy in which demographics,...

Persistent link: https://www.econbiz.de/10005788901

The Era of Migration: Lessons for Today

O'Rourke, Kevin Hjortshøj - C.E.P.R. Discussion Papers - 2004

an era of largely free migration. As such, it constitutes a unique policy experiment, in which migration flows reflected … underlying economic forces, rather than government policy. Moreover, since there was large-scale migration between relatively … rich countries with relatively well-developed states, and since the migration was legal, it was extremely well …

Persistent link: https://www.econbiz.de/10005788958

From Farmers to Merchants, Voluntary Conversions and Diaspora: A Human Capital Interpretation of Jewish History

Botticini, Maristella; Eckstein, Zvi - C.E.P.R. Discussion Papers - 2006

From the end of the second century C.E., Judaism enforced a religious norm requiring any Jewish father to educate his children. We present evidence supporting our thesis that this exogenous change in the religious and social norm had a major influence on Jewish economic and demographic history....

Persistent link: https://www.econbiz.de/10005788962

Modelling Migration to the New World: Some Problems

Geary, Patrick T.; O'Gráda, Cormac - C.E.P.R. Discussion Papers - 1985

An important drawback of single equation migration models is that in effect they assume wages and employment to be … independent of the level of migration. Williamson has proposed instead a simple general equilibrium model with labour supply and … demand equations for sending and receiving countries and a migration equation. The model yields a reduced form migration …

Persistent link: https://www.econbiz.de/10005789016

Globalization and Human Capital Formation

Andersson, Fredrik; Konrad, Kai A. - C.E.P.R. Discussion Papers - 2001

This Paper compares education investment in closed and open economies without government and with a benevolent government. Closed economies suffer from a hold-up problem of excessive redistribution, and governments use education policy as a second-best tool. Globalization that increases labour...

Persistent link: https://www.econbiz.de/10005789044

Interregional Redistribution and Mobility in Federations: A Positive Approach

Hansen, Nico; Kessler, Anke - C.E.P.R. Discussion Papers - 2004

The Paper studies the effects and the determinants of interregional redistribution in a model of residential and political choice. We find that paradoxical consequences of interjurisdictional transfers can arise if people are mobile: while self-sufficient regions are necessarily identical with...

Persistent link: https://www.econbiz.de/10005791306