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The impact of individual accounts : piecemeal vs. comprehensive approaches

Orszag, Jonathan Michael; Orszag, Peter R.; Snower, … - 1999

Persistent link: https://www.econbiz.de/10001462116

Incapacity benefits and employment policy

Orszag, Jonathan Michael; Snower, Dennis J. - 1997

Persistent link: https://www.econbiz.de/10000976513

Unemployment Accounts and Employment Incentives

Brown, Alessio J.G; Orszag, J. Michael; Snower, Dennis J. - 2008

We explore the far-reaching implications of replacing current unemployment benefit (UB) systems by an unemployment accounts (UA) system. Under the UA system, employed people are required to make ongoing contributions to their UAs and the balances in these accounts are available to them during...

Persistent link: https://www.econbiz.de/10014058461

Sales and the real effects of monetary policy

Kehoe, Patrick J. (contributor); … - 2007

In the data, a sizable fraction of price changes are temporary price reductions referred to as sales. Existing models include no role for sales. Hence, when confronted with data in which a large fraction of price changes are sales related, the models must either exclude sales from the data or...

Persistent link: https://www.econbiz.de/10003479621

Sticky prices and sectoral real exchange rates

Kehoe, Patrick J. (contributor); … - 2007

theory for persistence have some modest support: in the data, the stickier is the price of a good the more persistent is its … real exchange rate, but the theory predicts much more variation in persistence than is in the data. The predictions of the … theory for volatiity fare less well: in the data, the stickier is the price of a good the smaller is its conditional variance …

Persistent link: https://www.econbiz.de/10003579972