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Optimal Economic Growth Using Fiscal and Monetary Policies

Bougrine, Hassan; Rakkolainen, Teppo A. - 2009

The literature on growth theory is rich with models attempting to explain growth differences among countries. Several … variables have been proposed many of which were found to be positively related to growth. However, a major problem with these … models is that the factors explaining growth are endogenously determined by their environment so that a slow-growing or a …

Persistent link: https://www.econbiz.de/10012503004

Preferences for redistribution around the world

Neher, Frank - 2012

Gender, income, education and self-employment are robust predictors for individual support for redistribution in the OECD. In addition, considerations of social status, the fairness of the allocation mechanism, perceived moral worth of the poor and individual autonomy are important. The results...

Persistent link: https://www.econbiz.de/10009490572

The effects of income and fare variation on the demand for bus transit services in Brazil

Carvalho, Carlos Henrique Ribeiro de; Pereira, Rafael … - 2015

The public policies on mass transit and other economic policies have been unable to avoid increasing mass transit costs and urban bus fares, which places a burden on a majority of the population depending on public transit. This study analyzes the variations in urban bus fares and households...

Persistent link: https://www.econbiz.de/10012055690

Public capital and the demand for private inputs

Seitz, Helmut - 1992

The paper investigates the impact the provision of public capital has on the demand for private capital and labour using a cost function with public capital included as a fixed unpaid factor of production. Special attention is paid to the examination of the influence tax vs. debt financing of...

Persistent link: https://www.econbiz.de/10011620818

Regional productivity growth and investments in public infrastructure : the case of Germany

Licht, Georg; Seitz, Helmut - 2009

This paper examines whether the productivity growth in the West-German states is influenced by the provision of public … infrastructure. Medium-term labour productivity growth and output growth varies a lot between German states. This differences are … productivity. The regional differences in the productivity growth rates can only partly be attributed to the differences in factor …

Persistent link: https://www.econbiz.de/10011621711

The impact of the provision of public infrastructures on regional economic development in Germany

Seitz, Helmut; Licht, Georg - 1993

The present paper presents an analysis of the impact of public infrastructure capital on regional economic developments in Germany. After presenting some descriptive statistical data on the economies of the 11 regions in (West) Germany a simple theoretical model of a cost-minimizing firm is...

Persistent link: https://www.econbiz.de/10011622796

Imperfect information about financial frictions and consequences for the business cycle

Hollmayr, Josef; Kühl, Michael - 2015

In this paper, we discuss the consequences of imperfect information about financial frictions on the macroeconomy. We rely on a New Keynesian DSGE model with a banking sector in which we introduce imperfect information about a limited enforcement problem. Bank managers divert resources and can...

Persistent link: https://www.econbiz.de/10010517143

A transfer mechanism for a monetary union

Engler, Philipp; Voigts, Simon - 2013

We show in a dynamic stochastic general equilibrium framework that the introduction of a common currency by a group of countries with only partially integrated goods markets, incomplete financial markets and no labor migration across member states, significantly increases volatility of...

Persistent link: https://www.econbiz.de/10009723588

The financial accelerator and market-based debt instruments : a role for maturities?

Kühl, Michael - 2014

This paper shows how the average maturity of corporate bonds can affect the transmission of shocks if financial frictions prevail. We modify a standard financial accelerator model à la Bernanke, Gertler, and Gilchrist (1999) and allow for market-based debt which has a market-determined price....

Persistent link: https://www.econbiz.de/10010357605

Learning about banks' net worth and the slow recovery after the financial crisis

Hollmayr, Josef; Kühl, Michael - 2016

over time. In a first part, we show empirically that expectations about the net earnings of banks (as growth of net worth …

Persistent link: https://www.econbiz.de/10011543367