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Heer, Burkhard; Maußner, Alfred; Ruf, Halvor - 2016

interest rate is set as a function of the deviation of the inflation rate from its target rate, the output gap, and Tobin's q …

Persistent link: https://www.econbiz.de/10011451285

Modi's "Make in India" industrial reform policy and East Asian flying-geese paradigm

Nam, Chang-woon; Nam, Sumin; Steinhoff, Peter - 2017

The on-going "Make in India" campaign aims at manufacturing revival. Its characteristics resemble East Asian industrial reform and growth policies based on the flying-geese model which highlights "step-by-step" changes in a country's specialisation pattern and global competitiveness accompanied...

Persistent link: https://www.econbiz.de/10011646272

Open market operations as a monetary policy shock measure in a quantitative business cycle model

Heer, Burkhard; Schabert, Andreas - 2000

This paper presents a business cycle analysis of monetary policy shocks measured by disturbances to open market operations, i.e. the ratio of open market papers to non-borrowed reserves. We find empirical evidence for the usefulness of this policy measure, as it predicts significant declines in...

Persistent link: https://www.econbiz.de/10009780205

Business cycle dynamics of a new Keynesian overlapping generations model with progressive income taxation

Heer, Burkhard (contributor); Maußner, Alfred (contributor) - 2006

In our dynamic optimizing sticky price model, agents are heterogeneous with regard to their age and their productivity. We find that the business cycle dynamics in the OLG model in response to both a technology shock and a monetary shock are similar, but not completely identical to those found...

Persistent link: https://www.econbiz.de/10003301356

Effects of tax depreciation rules on firms' investment decisions in an inflationary phase : comparison of net present values in selected OECD countries

Nam, Chang-woon - 2001

. Therefore, in periods with inflation generous tax depreciation provisions do not adequately promote private investment as … designed, but partly compensate such losses caused by inflation. …

Persistent link: https://www.econbiz.de/10011399561

Cold progression and its effects on income distribution

Heer, Burkhard; Süssmuth, Bernd - 2003

We present new empirical evidence for the US economy that inflation reduces the inequality of the earnings distribution … higher inflation on income distribution is shown to be rather small. However, we find that a longer duration between two …

Persistent link: https://www.econbiz.de/10011507921

Inflation and wealth distribution

Heer, Burkhard; Süssmuth, Bernd - 2003

The effect of a permanent change of inflation on the distribution of wealth is analyzed in a general equilibrium OLG … of inflation results in a lower stock market participation rate; in addition, the distribution of wealth becomes more … anticipated inflation are considerably lower than in Imrohoroglu (1992). …

Persistent link: https://www.econbiz.de/10011514109

Does debt maturity matter for investment decisions?

Nam, Chang-woon; Radulescu, Doina - 2004

case of prevailing inflation, there is a mismatch between the nominal interest rate that is a discounting factor for all …

Persistent link: https://www.econbiz.de/10011402695

Inflation and output dynamics in a model with labor market search and capital accumulation

Heer, Burkhard (contributor); Maußner, Alfred (contributor) - 2007

Persistent link: https://www.econbiz.de/10003498824

The savings-inflation puzzle

Heer, Burkhard (contributor); Süssmuth, Bernd (contributor) - 2006

We find that inflation did not unanimously decrease savings in the US during the postwar period. This result is …

Persistent link: https://www.econbiz.de/10003300954