Narrow search
Showing 1 - 10 of 2,383
Cover Image
On the boundary between Keynesian unemployment and repressed inflation
McCurdy, Thomas H.; Yannelis, Demetrius C. - 1984
Persistent link: https://www.econbiz.de/10003529468
Cover Image
Monetary-fiscal policy interaction and fiscal inflation : a tale of three countries
Kliem, Martin; Kriwoluzky, Alexander; Sarferaz, Samad - 2015
We study the impact of the interaction between fiscal and monetary policy on the low-frequency relationship between the fiscal stance and inflation using crosscountry data from 1965 to 1999. In a first step, we contrast the monetary-fiscal narrative for Germany, the U.S. and Italy with evidence...
Persistent link: https://www.econbiz.de/10011391752
Cover Image
Charity in the time of austerity: in search of the "Big Society"
Gibbons, Steve; Hilber, Christian - 2022
Persistent link: https://www.econbiz.de/10013411363
Cover Image
New Keynesian versus old Keynesian government spending multipliers : a comment
Hughes Hallett, Andrew; Rannenberg, Ansgar; Schreiber, Sven - 2014
Cogan et al. (2009, 2010) claim that the stimulus package passed by the United States Congress in February 2009 had a multiplier far below one. However, the stimulus ́multiplier strongly depends on the assumed monetary policy response. Based on official statements from the Fed chairman, the...
Persistent link: https://www.econbiz.de/10010258714
Cover Image
Unemployment and hours of work : the North Atlantic divide revisited
Pissaridēs, Christophoros A. (contributor) - 2006
Persistent link: https://www.econbiz.de/10003385168
Cover Image
Search frictions, real rigidities and inflation dynamics
Thomas, Carlos (contributor) - 2007
The standard New Keynesian model suffers from the so-called .macro-micro pricing conflict: in order to match the dynamics of inflation implied by macroeconomic data, the model needs to assume an average duration of price contracts which is much longer than what is observed in micro data. Here I...
Persistent link: https://www.econbiz.de/10003546364
Cover Image
Going the extra mile : effort by workers and job-seekers
Hertweck, Matthias S.; Lewis, Vivien; Villa, Stefania - 2019
We introduce two types of effort into an otherwise standard labor search model to examine indeterminacy and sunspot equilibria. Variable labor effort gives rise to increasing returns to hours in production. This makes workers more valuable and contributes to self-fulfilling profit expectations,...
Persistent link: https://www.econbiz.de/10012062385
Cover Image
Wage divergence and unemployment : the impact of insider power and training costs
Muysken, Joan - 2000
The US labour market is characterized by a high skill wage mark-up and low unemployment, while the German labour market … has a low skill wage mark-up and a high, mainly unskilled unemployment rate. This paper adds an innovative labour supply … general equilibrium model, this paper shows that skilled insiders in the USA enjoy higher rents and increase the skilled wage …
Persistent link: https://www.econbiz.de/10013428334
Cover Image
Deficits, crowding out and inflation : the simple analytics
Buiter, Willem H. - 1982
Persistent link: https://www.econbiz.de/10003504936
Cover Image
Fiscal deficits, financial fragility, and the effectiveness of government policies
Kirchner, Markus; Wijnbergen, Sweder van - 2012
Recent macro developments in the euro area have highlighted the interactions between fiscal policy, sovereign debt, and financial fragility. We take a structural macroeconomic model with frictions in the financial intermediation process, in line with recent research, but introduce asset choice...
Persistent link: https://www.econbiz.de/10009625616