explaining the interaction between private agents and fiscal authorities in the U.S., West Germany, Japan and the U.K. over the … is necessary to formally test the models' theoretical restrictions. In West Germany and Japan there is evidence that the …

hypotheses in the data for Germany, Japan and the United States. …

economic growth. The model is estimated using quarterly data for Germany, the UK and the US from 1960 to 1999. Our econometric …

exhibit the same dynamic behaviour as under flexible skill supply. …

this paper we derive a general equilibrium model based on optimising behaviour, but which also implies a data consistent … price-setting in Europe; (ii) wage contracts last longer in the US; (iii) the extent of backward-looking behaviour in price …

capital accumulation. Our econometric estimation, using U.S. data, finds a statistically significant link between electoral …

In this paper we develop a multi-sector model of firms pricing behaviour under imperfect competition. We allow for the … estimates of backward-looking price-setting behaviour vary, with some industries acting in a purely forward-looking manner …

In this paper we develop an open economy model of firms' pricing behaviour under imperfect competition. This allows us …

; VECM measurement errors ; Bayesian estimation …