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implications of countercyclical fiscal policy for France, Germany and the UK. The model incorporates real wage rigidity which is …
Persistent link: https://www.econbiz.de/10012773638
We derive exact conditions relating the distributions of firm productivity, sales, output, and markups to the form of demand in monopolistic competition. Applications include a new “CREMR” demand function (Constant Revenue Elasticity of Marginal Revenue): it is necessary and sufficient for...
Persistent link: https://www.econbiz.de/10012892151
theory of knowledge hierarchies in an industry equilibrium model of monopolistic competition to examine how the economic … test the theory with original and matched parent and affiliate data on the level of decentralization of 660 Austrian and …
Persistent link: https://www.econbiz.de/10012860290
We develop a model of optimal carbon taxation and redistribution taking into account horizontal equity concerns by considering heterogeneous energy efficiencies. By deriving first- and secondbest rules for policy instruments including carbon taxes, transfers and energy subsidies, we then...
Persistent link: https://www.econbiz.de/10013239565
household survey data from Germany. Second, we build a New Keynesian model with incomplete asset markets and labor market …
Persistent link: https://www.econbiz.de/10014079142
A lack of transparency about policy performance can pose a major obstacle to welfare-enhancing policy competition across jurisdictions. In parallel surveys with German citizens and state parliamentarians, we document that both groups misperceive the performance of their state’s education...
Persistent link: https://www.econbiz.de/10014260382
Using firm-level survey data from Germany, this paper asks how do supply constraints propagate monetary policy shocks …
Persistent link: https://www.econbiz.de/10014261028
in Germany. The results suggest that attempts of state level governments to extract fiscal resources from the local …
Persistent link: https://www.econbiz.de/10010261409
When did Germany become economically integrated? Within the framework of a gravity model, based on a new data set of … about 40,000 observations on trade flows within and across the borders of Germany over the period 1885-1933, I explore the … internal fragmentation resulted from cultural heterogeneity, from administrative borders within Germany, and from geographical …
Persistent link: https://www.econbiz.de/10010264457
We investigate whether time-persistent cultural borders impede economic exchange across regions of the same country. To measure cultural differences we evaluate, for the first time in economics, linguistic micro-data about phonological and grammatical features of German dialects. These data are...
Persistent link: https://www.econbiz.de/10010266077