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Spillover effects of minimum wages in a two-sector search model

Moser, Christoph; Stähler, Nikolai - 2009

Labor market studies on the effects of minimum wages are typically confined to the sector or worker group directly … wages. In such a framework, setting a minimum wage in the unproductive sector to reduce the wage gap causes a negative … effects of their individual job creation on aggregated search costs. -- Minimum wages ; matching models ; two sectors …

Persistent link: https://www.econbiz.de/10003811115

Policy instrument choice and non-coordinated monetary in interdependent economies

Lombardo, Giovanni (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001906336

Restrictive immigration policy in Germany : pains and gains foregone?

Felbermayr, Gabriel (contributor); Geis, Wido (contributor); … - 2008

types of workers. Wage-setting mitigates wage cuts. -- wages ; migration …

Persistent link: https://www.econbiz.de/10003770938

Comparing the DSGE model with the factor model : an out-of-sample forecasting experiment

Wang, Mu-Chun (contributor) - 2008

In this paper, we put DSGE forecasts in competition with factor forecasts. We focus on these two models since they represent nicely the two opposing forecasting philosophies. The DSGE model on the one hand has a strong theoretical economic background; the factor model on the other hand is mainly...

Persistent link: https://www.econbiz.de/10003650023

Identifying the role of labor markets for monetary policy in an estimated DSGE model

Christoffel, Kai (contributor); Küster, Keith (contributor) - 2006

wages and labor market shocks feed into the inflation process and derive monetary policy implications. Towards that aim, we … structurally model matching frictions and rigid wages in line with an optimizing rationale in a New Keynesian closed economy DSGE …

Persistent link: https://www.econbiz.de/10003339179

The home bias in equities and distribution costs

Harms, Philipp; Hoffmann, Mathias; Ortseifer, Christina - 2010

We show that including distribution costs into a general equilibrium model of international portfolio choice contributes to explaining the “home bias” in international equity investment. Our model is able to replicate observed investment positions for a wide range of parameter values, even...

Persistent link: https://www.econbiz.de/10008779855

Unemployment, factor substitution, and capital formation

Kaas, Leo; Thadden, Leopold von - 2001

We incorporate a wage bargaining structure in a dynamic general equilibrium model and show how this feature changes short and long-run properties of equilibria compared with a perfectly competitive setting. We discuss how employment, capital, and income shares respond to wage setting shocks and...

Persistent link: https://www.econbiz.de/10011419073

Budgetary policy and unemployment dynamics

Kaas, Leo; Thadden, Leopold von - 2001

We consider a dynamic general equilibrium model with collective wage bargaining and investigate how unemployment dynamics are affected by two types of budgetary policies. In line with traditional reasoning, a balanced-budget rule amplifies fluctuations in the short run, whereas an...

Persistent link: https://www.econbiz.de/10011419352

The Eurosystem's standing facilities in a general equilibrium model of the European interbank market

Tapking, Jens - 2002

We analyse the European interbank market in a general equilibrium model. Several institutional aspects of the market are taken into consideration, especially the Eurosystem's two standing facilities, reserve requirements of banks and the fact that borrowing from the Eurosystem has to be secured....

Persistent link: https://www.econbiz.de/10011431721

Time-dependent pricing and New Keynesian Phillips curve

Yao, Fang - 2009

Persistent link: https://www.econbiz.de/10003815495

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