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In the summer of 2002, the Swiss National Bank (SNB) hosted the “SNB-Fed Cleveland Workshop on Monetary Economics”. Recent years have seen the development of the search-theoretic approach to monetary theory. It has established itself as an important strand of monetary theory in a very short...
Persistent link: https://www.econbiz.de/10005000641
Optimal labor tax results over the cycle are, quantitatively, typically driven by an estimate of the intratemporal elasticity of substitution that governs the reaction of hours worked to business cycle shocks and tax rate changes. A recent literature tries to decompose this intratemporal...
Persistent link: https://www.econbiz.de/10005619536
This paper presents a new characterization result for competitive allocations in quasilinear economies. This result is informed by the analysis of non-cooperative dynamic search and bargaining games. Such games provide models of decentralized markets with trading frictions. A central objective...
Persistent link: https://www.econbiz.de/10009147692
In this note I discuss the condition for indeterminacy in the context of search models with increasing returns in the matching technology. Building on the theoretical framework set forth by Giammarioli (2003), I argue that increasing returns with respect to vacancies at the aggregate level is...
Persistent link: https://www.econbiz.de/10011157018
these research addresses the issue specifically to Malaysia. This paper serves the purpose to fill in the gap whereby … Central Bank of Malaysia (Bank Negara Malaysia), Department of Statistics Malaysia and National Property Information Centre … (NAPIC) of the Valuation and Property Services Department of Malaysia. The time series techniques namely cointegration …
Persistent link: https://www.econbiz.de/10011258611
the budget policy. In the case of Malaysia, as observed, the budget policy is associated with the long or medium term …. This paper has found that in the case of Malaysia the Member of Parliaments do influence the outlining of the annual budget. …
Persistent link: https://www.econbiz.de/10011259108
data presented from Brunei Darussalam, Indonesia, Malaysia and Singapore. …
Persistent link: https://www.econbiz.de/10011259335
This paper presents an empirical test of Purchasing Power Parity (PPP) applied to the Malaysia ringgit for the period …
Persistent link: https://www.econbiz.de/10011259598
This paper analyses how various actors have used potent urban symbols to assert their vision of a modern, globalized Malay identity in the construction of the recently founded knowledge city of Cyberjaya, part of the flagship Multimedia Super Corridor project. As the state controls both the land...
Persistent link: https://www.econbiz.de/10011259613
This study contributes to the debate on financial development and economic growth in Malaysia using quarterly …
Persistent link: https://www.econbiz.de/10005260031