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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
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
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
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
This paper studies the effect of top tax rates on inventors' mobility since 1977. We put special emphasis on "superstar" inventors, those with the most and most valuable patents. We use panel data on inventors from the United States and European Patent Offices to track inventors' locations over...
Persistent link: https://www.econbiz.de/10011272707
different levels of migration frictions. We bring the model to the data for the whole world economy at a 1º times 1º geographic … resolution. We then use the model to quantify the gains from relaxing migration restrictions as well as to describe the evolution … of the distribution of economic activity in the different migration scenarios. Our results indicate that fully …
Persistent link: https://www.econbiz.de/10011252617
This paper summarizes the study design of the Rural–Urban Migration in China and Indonesia (RUMiCI) project. We first … identifying the migration status of each household in the sampling frame, using a presurvey listing. This is followed by a …
Persistent link: https://www.econbiz.de/10008511766
population) and out-migration is lower the poorer and the less unequal the village of residence. Our results are consistent with …
Persistent link: https://www.econbiz.de/10008477184
This study explores to what extent migration has contributed to improved living standards of individuals in Tanzania …. Using a 13-year panel survey, the authors find that migration between 1991 and 2004 added 36 percentage points to … migration of some categories of people. …
Persistent link: https://www.econbiz.de/10008530383
In 1986, Congress attempted to reduce the incentives for unauthorized migration by eliminating U.S. employment …
Persistent link: https://www.econbiz.de/10004971349