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Time-varying degree of wage indexation and the New Keynesian Wage Phillips Curve
Attey, Jonathan A. - 2016
is subsequently shown that variations in trend inflation significantly explain variations in the degree of wage …
Persistent link: https://www.econbiz.de/10011563079
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Wages and employment in the Netherlands, 2017-2023
Klinker, Iris; Weel, Bas ter - 2024
estimates. The research period has been characterised by high labour demand, negative supply shocks, high levels of inflation …
Persistent link: https://www.econbiz.de/10014541860
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Risk aversion and the subjective time discount rate : a joint approach
Praag, Bernard M. S. van; Booij, Adam S. - 2003
In this paper we analyze a large sample of individual responses to six lottery questions. Wederive a simultaneous estimate of risk aversion ? and the time preference discount rate ? perindividual. This can be done because the consumption of a large prize is smoothed over a largertime period. It...
Persistent link: https://www.econbiz.de/10011333268
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Statistics and common sense
Hanaki, Nobuyuki; Magnus, Jan R.; Yoo, Donghoon - 2021
Common sense is a dynamic concept and it is natural that our (statistical) common sense lags behind the development of statistical science. What is not so easy to understand is why common sense lags behind as much as it does. We conduct a survey among Japanese students and try to understand why...
Persistent link: https://www.econbiz.de/10012795343
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An experimental investigation of wage taxation and unemployment in closed and open economies
Riedl, Arno; Winden, Frans A. A. M. van - 2000
We investigate experimentally the economic effects of wage taxation to finance unemployment benefits for a closed … the dynamic interaction between the wage tax and unemployment. (ii) Employment is boosted by budget deficits but …
Persistent link: https://www.econbiz.de/10011304623
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Microfoundations
Janssen, Maarten C. W. - 2006
Persistent link: https://www.econbiz.de/10011349210
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Computing alternating offers and water prices in bilateral river basin management
Houba, Harold - 2006
This contribution deals with the fundamental critique in Dinar et al. (1992, Theory and Decision 32) on the use of Game theory in water management: People are reluctant to monetary transfers unrelated to water prices and game theoretic solutions impose a computational burden. For the bilateral...
Persistent link: https://www.econbiz.de/10011349708
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The methodology of modern macroeconomics and the descriptive approach to discounting
Vermeylen, Koen - 2013
Critics of modern macroeconomics often raise concerns about unwarranted welfare conclusions and data mining. This paper illustrates these concerns with a thought experiment, based on the debate in environmental economics about the appropriate discount rate in climate change analyses: I set up an...
Persistent link: https://www.econbiz.de/10010226540
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Pensions, debt and inflation risk in a monetary union
Adema, Yvonne - 2010
This paper investigates the international spillovers of government debt and the associated risk of inflation within a … inflation at the cost of the funded country. In response to these conflicting interests about inflation, inflation risk may rise … with the level of debt in the PAYG country. Higher inflation risk harms both countries. Actually, in contrast to the debt …
Persistent link: https://www.econbiz.de/10011382085
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Money: inflation nexus in Indonesia : evidence from a P-Star analysis
Anglingkusumo, Reza - 2005
In this paper the effect of excess narrow money (MI) on C PI intlation in Indonesiabefore, during, and after the Asian … crisis is empirically examined. The standard model for themonetary analysis of inflation, i.e. the P-Star model by Hallman … long run dynamics of CPI inflation inIndonesia remarkably weIl. Hence, there is an empirical support for the assertion that …
Persistent link: https://www.econbiz.de/10011343263