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Persistence and nominal inertia in a generalized Taylor economy: How longer contracts dominate shorter contracts

Dixon, Huw; Kara, Engin - 2007

We develop the Generalized Taylor Economy (GTE) in which there are many sectors with overlapping contracts of di§erent lengths. In economies with the same average contract length, monetary shocks will be more persistent when longer contracts are present. Using the Bils-Klenow distribution of...

Persistent link: https://www.econbiz.de/10010322772

Real business cycles with a human capital investment sector and endogenous growth: Persistence, volatility and labor puzzles

Dang, Jing; Gillman, Max; Kejak, Michal - 2011

A positive joint two-sector productivity shock causes Rybczynski (1955) and Stolper and Samuelson (1941) effects that release leisure time and initially raises the relative price of human capital investment so as to favor it over goods production. This enables a basic RBC model, modified by...

Persistent link: https://www.econbiz.de/10010288869

Institutionelle Determinanten der Erwerbsarbeit zur Notwendigkeit einer Gender-Perspektive in den Wirtschaftswissenschaften

Holst, Elke - 2001

In this paper institutions are understood as rules of individual behavior. The focus is on the impacts of institutions … West Germany. In the background of this analysis, the influence of institutions on the allocation of resources is examined …

Persistent link: https://www.econbiz.de/10010260759

Institutionen, Finanzsysteme und Transformation

Engerer, Hella; Schrooten, Mechthild - 2001

): "Moreover, ?third factors?, such as a country?s legal system and political institutions certainly drive both financial and …

Persistent link: https://www.econbiz.de/10010260778

Trade, Technology and Labour Markets - Empirical Controversies in the Light of the Jones Model

Pflüger, Michael - 2003

The deterioration of the income and employment position of unskilled workers in the OECD since the 1980s is a well-documented fact. The debate about the causes of this development is dominated by two competing hypotheses, "North-South Trade" ("globalisation") and technological progress. Several...

Persistent link: https://www.econbiz.de/10010260654