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The profitability of monetary policy transmission

Hsu, Alex; Mitra, Indrajit; Zeng, Linghang - 2023

We provide firm-level evidence that Federal Open Market Committee announcements have real effects by changing expectations of firm profitability. We use an existing decomposition of a monetary policy shock into a central bank information component (CBI) and a conventional monetary component...

Persistent link: https://www.econbiz.de/10014388420

Pitfalls in the Modelling of Forward-Looking Price Setting and Inverstment Behavior

Sveen, Tommy; Weinke, Lutz - 2004

We discuss some difficulties in a dynamic New-Keynesian model with staggered price setting à la Calvo and a convex capital adjustment cost at the firm level, as considered by Woodford (2003, Ch. 5). It is shown that the implied simultaneous price setting and investment decision has not been...

Persistent link: https://www.econbiz.de/10012143615

New Perspectives on Capital and Sticky Prices

Sveen, Tommy; Weinke, Lutz - 2004

We model capital accumulation in a dynamic New-Keynesian model with staggered price setting à la Calvo. It is assumed that firms do not have access to a rental market for capital. We compare our model with an alternative specification where households accumulate capital and rent it to firms....

Persistent link: https://www.econbiz.de/10012143617

Facilitating bilateral investments between India and Germany: The role of negotiations and reforms

Goyal, Tanu M.; Goswami, Ramneet; Solomon, Tincy Sara - 2014

Germany is a large source country for investment and technology transfer into India and Indian investments in Germany … bilateral investments flows. However, there are many market access and operational restrictions, which impact the flow of … bilateral investments. In this context, this paper aims to highlight the barriers to investment flows between India and Germany …

Persistent link: https://www.econbiz.de/10011807688

Industrial specialisation, trade, and labour market dynamics in a multisectoral model of technological progress

Stehrer, Robert - 2001

The issue of the impact of trade on specialisation structures and the effects of trade liberalisation on employment and labour markets has been intensively discussed in the recent literature on trade liberalisation and globalisation. In Europe this debate has gained new momentum in the...

Persistent link: https://www.econbiz.de/10010294509

Eastern enlargement of the EU: Jobs, investment and welfare in present member countries

Heijdra, Ben J.; Keuschnigg, Christian; Kohler, Wilhelm - 2001

Eastern enlargement of the EU promises gains, but also imposes fiscal costs on incumbent countries. A sensitive issue concerns immigration, jobs and wages. We address these issues in a general equilibrium framework, both analytically and through numerical simulations. Analytical results identify...

Persistent link: https://www.econbiz.de/10010294557

Economic Integration, Imperfect Competition, and International Policy Coordination

Holmlund, Bertil; Kolm, Ann-Sofie - 1999

The paper examines policy externalities between imperfectly competitive open economies where unemployment prevails in general equilibrium. We develop a two-country and two-sector model with monopolistic competition in the goods market and wage bargaining in the labor market. Policy externalities...

Persistent link: https://www.econbiz.de/10010321760

India-Myanmar border trade

Taneja, Nisha; Joshi, Sanjana; Singh, Thiyam Bharat; … - 2019

As India seeks to strengthen trade, investment and other forms of economic cooperation with ASEAN, Myanmar is an essential strategic partner, since it is the only ASEAN nation with which India shares both land and maritime borders. As a "gateway" to South East Asia, Myanmar is also vital in...

Persistent link: https://www.econbiz.de/10012099549

Bergman, Michael - 2004

In this paper, we focus on how European economic integration has affected the synchronization and the magnitude of business cycles among participating countries. We measure, based on bandpass filtered data, the characteristics of European business cycles analyzing to what extent they have become...

Persistent link: https://www.econbiz.de/10013208453

Integration and Tax Competition: An Empirical Study of OECD Countries

Hansson, Åsa; Olofsdotter, Karin - 2005

This paper studies the effects of integration on capital taxation in a number of OECD countries. Unlike most previous papers on the subject, we combine key features from the new economic geography theory with the standard tax competition framework. We consider effective as well as statutory...

Persistent link: https://www.econbiz.de/10013208471

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