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A Model of Aggregate Demand and Unemployment

Michaillat, Pascal; Saez, Emmanuel - Centre for Economic Performance, LSE - 2013

We present a static model of aggregate demand and unemployment. The economy has a nonproduced good, a produced good … and sales are positively correlated under aggregate demand shocks but negatively correlated under aggregate supply shocks …; (4) transfers from savers to spenders stimulate aggregate demand, product market tightness, and employment; (5) the …

Persistent link: https://www.econbiz.de/10010682991

The Objective Benefits of Subjective Well-Being

Neve, Jan-Emmanuel De; Diener, Ed; Tay, Louis; Xuereb, Cody - Centre for Economic Performance, LSE - 2013

The aim of this paper is to survey the "hard" evidence on the effects of subjective well-being. In doing so, we complement the evidence on the determinants of well-being by showing that human well-being also affects outcomes of interest such as health, income, and social behaviour. Generally, we...

Persistent link: https://www.econbiz.de/10010685645

Regulation by Price or by Command

Amihai, Glazer - Valtion taloudellinen tutkimuskeskus (VATT), Government … - 1995

Persistent link: https://www.econbiz.de/10005545910

Une approche dynamique du taux de change reel d'equilibre

Bineau, Yannick; Dupont, Bernard - In: Economie Internationale (2003) 96, pp. 5-22

Cet article elabore un modele d'evolution du taux de change reel d'equilibre. L'argument central est que son evolution est tout aussi importante que son niveau. La vitesse d'appreciation ou de depreciation du taux de change reel peut avoir autant d'incidences a moyen terme sur une economie que...

Persistent link: https://www.econbiz.de/10005406463

Comments Regarding China’s Influence on the International Metal Markets

Oehler-Sincai, Iulia Monica - In: Revista de Economie Mondiala / The Journal of Global … 6 (2014) 3

According to international experts, a country’s demand for metals follows its GDP per capita trend. Taking into … consideration China’s position as the main consumer of metals worldwide and the corollary that its demand will keep on increasing at …. Statistical data and recent research papers underline that the Chinese demand for durable goods will increase in the following …

Persistent link: https://www.econbiz.de/10011106077

Challenges for the Ferroalloys Sector

Bumbac, Cristina - In: Revista de Economie Mondiala / The Journal of Global … 6 (2014) 1

Basic ferroalloys are some of the most important ingredients for producing carbon and special steel (using ferrochrome and other special ferroalloys). The market of basic ferroalloys is somehow independent of other raw materials markets, depending mostly of steel. There are sometimes speculative...

Persistent link: https://www.econbiz.de/10011106085

Employment, hours and optimal monetary policy

Dossche, Maarten; Lewis, Vivien; Poilly, Céline - Deutsche Bundesbank - 2015

satisfy demand in the short run by adjusting hours per worker. Imperfect product market competition and search frictions …

Persistent link: https://www.econbiz.de/10011161235

Editorial: Problemas persistentes de las economías capitalistas

Molina, Mario García - In: REVISTA CUADERNOS DE ECONOMÍA (2015)

Persistent link: https://www.econbiz.de/10011165870

Financial Shocks, Unemployment, and Public Policy

Driffill, John - C.E.P.R. Discussion Papers - 2013

This paper is based on presentation given at the June 2011 Conference of the Centre for Growth and Business Cycle Research at the University of Manchester. It reviews key features of the 2007-08 financial crisis, the subsequent 'great recession' and the European public debt problems; in the...

Persistent link: https://www.econbiz.de/10011083899

Nonlinear Adventures at the Zero Lower Bound

Fernández-Villaverde, Jesús; Gordon, Grey; … - C.E.P.R. Discussion Papers - 2012

Motivated by the recent experience of the U.S. and the Eurozone, we describe the quantitative properties of a New Keynesian model with a zero lower bound (ZLB) on nominal interest rates, explicitly accounting for the nonlinearities that the bound brings. Besides showing how such a model can be...

Persistent link: https://www.econbiz.de/10011084137