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Monetary policy and the relative price of durable goods
Cantelmo, Alessandro; Melina, Giovanni - 2015
findings survive three identification strategies and across subsamples. Then, they are rationalized via the estimation of a two …
Persistent link: https://www.econbiz.de/10010515460
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Labor supply and the demand for child care : an intertemporal approach
Minagawa, Junichi (contributor);  … - 2006
Persistent link: https://www.econbiz.de/10003379801
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Optimal taxation in a habit formation economy
Koehne, Sebastian; Kuhn, Moritz - 2014
We study implications of habit formation for optimal taxation. First, we show that taxation problems with habit formation can be analyzed using dynamic programming techniques. Second, we derive optimal labor and savings wedges for habit formation preferences. We show that habit formation...
Persistent link: https://www.econbiz.de/10010229853
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On the taxation of durable goods and housing
Koehne, Sebastian - 2015
This paper proposes a theory of commodity taxation in the presence of durable goods. Optimal commodity taxes depend on preference nonseparabilities between durable and nondurable consumption. In particular, the seminal Atkinson-Stigliz result fails and differential commodity taxes are optimal...
Persistent link: https://www.econbiz.de/10010477086
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Sectoral labor mobility and optimal monetary policy
Cantelmo, Alessandro; Melina, Giovanni - 2020
How should central banks optimally aggregate sectoral inflation rates in the presence of imperfect labor mobility across sectors? We study this issue in a two-sector New-Keynesian model and show that a lower degree of sectoral labor mobility, ceteris paribus, increases the optimal weight on...
Persistent link: https://www.econbiz.de/10012303953
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Quality differentiation in durable goods monopoly always yields strictly positive profits
Laussel, Didier; Long, Ngo Van - 2021
A monopolist producing vertically differentiated durable goods can offer in each period a sequence of price-quality menus to segment the market. We show that, contrary to the Coase conjecture for the homogeneous durable good monopoly, thanks to the ability to produce differentiated durable...
Persistent link: https://www.econbiz.de/10012628729
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Asymmetric information and differentiated durable goods monopoly : intra-period versus intertemporal price discrimination
Laussel, Didier; Long, Ngo Van; Resende, Joana - 2021
A durable good monopolist faces a continuum of heterogeneous customers who make purchase decisions by comparing present and expected price-quality offers. The monopolist designs a sequence of price-quality menus to segment the market. We consider the Markov Perfect Equilibrium (MPE) of a game...
Persistent link: https://www.econbiz.de/10012619439
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The effect of unconventional fiscal policy on consumption expenditure
D'Acunto, Francesco; Hoang, Daniel; Weber, Michael - 2016 - This version: August 2016
Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation expectations and accelerate consumption expenditure. It is budget neutral and time consistent. We exploit a unique natural experiment for an empirical test of the effectiveness of...
Persistent link: https://www.econbiz.de/10011523731
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Demand or supply? : price adjustment during the Covid-19 pandemic
Balleer, Almut; Link, Sebastian; Menkhoff, Manuel; … - 2020 - This version: August 2020
We study planned price changes in German firm-level survey data to infer the relative importance of supply and demand … during the Covid-19 pandemic. Supply and demand forces coexist, but demand deficiencies dominate in the short run. Quarter … role for demand stimulus policy to buffer the Covid-19 economic crisis. …
Persistent link: https://www.econbiz.de/10012238496
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Will increased wages reduce shortage of nurses? : a panel data analysis of nurses' labour supply
Askildsen, Jan Erik; Baltagi, Badi H.; Holmås, Tor Helge - 2002
Shortage of nurses is a problem in several countries. It is an unsettled question whether increasing wages constitute a viable policy for extracting more labour supply from nurses. In this paper we use a unique matched panel data set of Norwegian nurses covering the period 1993-1998 to estimate...
Persistent link: https://www.econbiz.de/10011539026