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Poverty traps in Markov models of theevolution of wealth
Blume, Lawrence E.; Durlauf, Steven N.; Lukina, Aleksandra - 2020
deterministic systems, such as looking for multiple peaks in the stationary distribution of states. We develop Markov wealth … processes in which parents' investments in children stochastically determine children's wealth, and consequently their own … others, and that their presence dominates the stationary behavior of the wealth distribution. Typically, mass accumulates …
Persistent link: https://www.econbiz.de/10012179189
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National accounts revisions and output gap estimates in a model of monetary policy with data uncertainty
Mahadeva, Lavan (contributor); Muscatelli, Alex (contributor) - 2005
This paper looks at some implications of data uncertainty for monetary policy. We combine national accounts data revisions with optimal control and filtering experiments on a calibrated model to discuss policy implications of price-versus-volume data uncertainty in GDP data for the United...
Persistent link: https://www.econbiz.de/10003384150
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A user cost approach to capital measurement in aggregate production functions
Knetsch, Thomas A. - 2012
A method is proposed to measure capital services in production. This means that productive assets are weighted according to their user costs. The user costs of the individual asset classes are estimated based on data from the national accounts and other sources. The results show that, in the...
Persistent link: https://www.econbiz.de/10009507101
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Did output gap measurement improve over time?
Chiu, Adrian; Wieladek, Tomasz - 2012
We study whether the accuracy of real-time estimates of the output gap produced by the OECD has improved over time by examining a panel dataset on real-time output gap revisions for 15 countries from 1991 Q1 - 2005 Q4. We use a simple panel data regression and a state space model, with common...
Persistent link: https://www.econbiz.de/10009559228
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Evaluating the effectiveness of policies against a pandemic
Alemán, Christian; Busch, Christopher; Ludwig, Alexander; … - 2020
We develop a novel empirical approach to identify the effectiveness of policies against a pandemic. The essence of our approach is the insight that epidemic dynamics are best tracked over stages, rather than over time. We use a normalization procedure that makes the pre-policy paths of the...
Persistent link: https://www.econbiz.de/10012315000
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Ein nutzungskostenbasierter Ansatz zur Messung des Faktors Kapital in aggregierten Produktionsfunktionen
Knetsch, Thomas A. - 2012
Es wird eine Methode zur Messung des Produktionsfaktors Kapital vorgeschlagen, in der Vermögensarten nach ihrem Nutzungswert im Produktionsprozess gewichtet werden. Dazu werden Nutzungskosten für die einzelnen Anlageklassen mit Hilfe von Daten der Volkswirtschaftlichen Gesamtrechnungen sowie...
Persistent link: https://www.econbiz.de/10009507094
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Demand for locally provided public services within the median voter's framework : the case of the Brazilian municipalities
Mendes, Constantino Cronemberger; Sousa, Maria da … - 2015
In this paper we estimated the demand for local public spending for the Brazilian municipalities within a median voter’s framework. The median voter theorem provides a method of aggregating individual voter's demands to obtain community demand. The rationale for applying that framework came...
Persistent link: https://www.econbiz.de/10012023649
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Compiling a harmonized database from Germany's 1978 to 2003 sample surveys of income and expenditure
Bönke, Timm; Schröder, Carsten; Werdt, Clive - 2010
We outline a procedure for combining six cross-sections of the German Sample Survey of Income and Expenditure, and discuss potential pitfalls of such a venture. Particularly, we investigate the consequences of a major break in the survey design for inter-temporal comparisons of expenditure...
Persistent link: https://www.econbiz.de/10003952561
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Der flächendeckende Mindestlohn
Knabe, Andreas; Schöb, Ronnie; Thum, Marcel - 2014
Die Einführung des flächendeckenden gesetzlichen Mindestlohns von 8,50 Euro ist ein großes, mit vielen sozialpolitischen Risiken verbundenes Experiment. Dieser Übersichtsartikel zeigt, dass weder die unterschiedlichen theoretischen Erklärungsmodelle noch die große Anzahl empirischer...
Persistent link: https://www.econbiz.de/10010252836
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On the emissions-inequality trade-off in energy taxation : evidence on the German car fuel tax
Nikodinoska, Dragana; Schröder, Carsten - 2015
By using estimates from an Almost Ideal Demand System (AIDS), we investigate how the German energy tax on car fuels changes the private households-CO2 emissions, living standards, and post-tax income distribution. Our results show that the tax implies a trade-off between the aim to reduce...
Persistent link: https://www.econbiz.de/10010483410