Showing 1 - 10 of 47,474
Persistent link: https://www.econbiz.de/10012874847
The paper develops a unified general equilibrium model includingsavings with overlapping generations, investment and search unemploament. Long-run analytical results for the small open economy identify capital accumulation as a prime transmission channel. The effects of integration on...
Persistent link: https://www.econbiz.de/10001546276
Persistent link: https://www.econbiz.de/10003765560
Persistent link: https://www.econbiz.de/10003401007
Persistent link: https://www.econbiz.de/10011590670
Persistent link: https://www.econbiz.de/10003882091
a large extent. But in Germany, wages have increased below this norm or even decreased, and in Japan this effect has … been even more extreme. Overall, while Japan and Germany have suffered from dysfunctional economic regimes leading to low …
Persistent link: https://www.econbiz.de/10013151089
Persistent link: https://www.econbiz.de/10002250792
We lay out a tractable model for fiscal and monetary policy analysis in a currency union, and analyze its implications for the optimal design of such policies. Monetary policy is conducted by a common central bank, which sets the interest rate for the union as a whole. Fiscal policy is...
Persistent link: https://www.econbiz.de/10013324158
We lay out a tractable model for fiscal and monetary policy analysis in a currency union, and analyze its implications for the optimal design of such policies. Monetary policy is conducted by a common central bank, which sets the interest rate for the union as a whole. Fiscal policy is...
Persistent link: https://www.econbiz.de/10012466856