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The pass-through of exchange rate in the context of the European sovereign debt crisis
Cheikh, Nidhaleddine Ben; Rault, Christophe - 2015
This paper investigates whether exchange rate pass-through (ERPT) into import prices is a nonlinear phenomenon for five heavily indebted Euro area countries, namely the so-called GIIPS group (Greece, Ireland, Italy, Portugal, and Spain). Using logistic smooth transition models, we explore the...
Persistent link: https://www.econbiz.de/10011376318
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On the exchange rate and economic policy uncertainty nexus: a panel VAR approach for emerging markets
Abid, Abir; Rault, Christophe - 2020
We examine the Exchange Rate Volatility (ERV) response to the Economic Policy Uncertainty (EPU) shocks from a panel VAR perspective used for the first time in this context. Focusing on Emerging Market Economies (EME), our noteworthy findings postulate that (a) both home and foreign EPU shocks...
Persistent link: https://www.econbiz.de/10012239005
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How do informal agreements and renegotiation shape contractual reference points?
Fehr, Ernst; Hart, Oliver D.; Zehnder, Christian - 2011
(2008)'s theory of contractual reference points. However, existing studies ignore realistic aspects of trading relationships … suggest refinements of the theory. In particular, we find that the availability of informal agreements and ex post …
Persistent link: https://www.econbiz.de/10009517867
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Value of work : bargaining, job-satisfaction, and taxation in a simple GE model
FitzRoy, Felix R. (contributor);  … - 2005
Job-satisfaction as a component of workers' utility has been strangely neglected, with work usually regarded as reducing utility and the benefits of leisure. This is contradicted by many empirical studies showing that unemployment is a major cause of unhappiness, even when income is controlled...
Persistent link: https://www.econbiz.de/10003115146
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The choice of the agenda in labor negotiations : efficiency and behavioral considerations
Königstein, Manfred (contributor);  … - 2005
The labor economics literature has shown that the "efficient bargaining" model, in which wage and employment are negotiated simultaneously, is less frequently used on unionized markets than the less efficient "right-to-manage" model, in which wage is determined via bargaining and employment...
Persistent link: https://www.econbiz.de/10003115148
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On measuring uncertainty : snakes and ladders
Junankar, Pramod N. - 2016
although risk can be measured, uncertainty cannot be measured. Even though risk can be measured, a simple symmetric measure … attempt at "measuring" risk or (fundamental) uncertainty is flawed. …
Persistent link: https://www.econbiz.de/10011543578
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Risk, temptation, and efficiency in the one-shot prisoner's dilemma
Gächter, Simon; Lee, Kyeongtae; Sefton, Martin; Weber, … - 2021
) we vary three payoff indices. Indices of risk and temptation capture the unilateral incentives to defect against … reduces cooperation. In neither study, nor in either subject pool of our second study, do we find a significant effect of risk. …
Persistent link: https://www.econbiz.de/10012705584
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Reference points and the tradeoff between risk and incentives
Dohmen, Thomas; Non, Jan Adrianus; Stolp, Tom - 2021
We conduct laboratory experiments to investigate basic predictions of principal-agent theory about the choice of piece … rate contracts in the presence of output risk, and provide novel insights that reference dependent preferences affect the … tradeoff between risk and incentives. Subjects in our experiments choose their compensation for performing a real-effort task …
Persistent link: https://www.econbiz.de/10012698074
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Performance and risk taking under threat of elimination
Adams, Nathan R.; Waddell, Glen R. - 2017
increases in risk taking. Where we can separately identify changes in risk-independent performance and risk taking, our … increases in risk taking. These effects are concentrated among those closest to the margin of elimination and among lower …
Persistent link: https://www.econbiz.de/10011731884
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Employment, exchange rates and labour market rigidity
Alexandre, Fernando; Bação, Pedro; Cerejeira, João; … - 2010
There is increasing evidence that the interaction between shocks and labour market institutions is crucial to understanding the dynamics of employment. In this paper, we show that the inclusion of labour adjustment costs in a trade model affects the impact of exchange rate movements on...
Persistent link: https://www.econbiz.de/10003959141