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Theoretische Grundlagen demokratischerWirtschafts- und Gesellschaftspolitik –Der Beitrag Milton Friedmans
Pies, Ingo - Wittenberg-Zentrum für Globale Ethik - 2004
Gesellschaftstheoretiker. Sie besagt, dass die Ökonomik als wissenschaftlicheDisziplin durch Keynes und den Keynesianismus in eine …
Persistent link: https://www.econbiz.de/10005867573
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Die Privatisierung der öffentlichen Arbeitsverwaltung am Beispiel Australiens
Bruttel, Oliver - 2002
Australien dar. Außerdem wird eine erste Analyse der Erfahrungen vor dem theoretischenHintergrund der Neuen Institutionenökonomik …
Persistent link: https://www.econbiz.de/10005843660
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The Trade and Welfare Impact of AustralianQuarantine Policies: The Case of Pigmeat
Beghin, John C.; Melatos, Mark - Iowa State University of Science and Technology <Ames, … - 2011
, we account for changes to Australia’s pigmeat quarantinepolicy over time including those changes related to the recent … resolution of a WTO disputebetween Australia and the European Union. Using a random utility model, and applying it tocorner … regimes implemented by Australia during the period 1988-2009. The welfare impact on consumers, producers, and foreign …
Persistent link: https://www.econbiz.de/10009360665
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Economic Integration and the Foreign Exchange
Weber, Enzo - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2007
-round integration of two economies. Empirically, such a constellation is found between Australia and New Zealand, whereas diverging … trends in money and interest rates characterise the relation of Australia towards the US. …
Persistent link: https://www.econbiz.de/10005861005
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Inflation Dynamics and the Cost Channel of Monetary Transmission
Chowdhury, Ibrahim; Hoffmann, Mathias; Schabert, Andreas - 2004
Diese Studie untersucht, ob Veränderungen kurzfristiger Zinsen die Kosten liquider Mittel beeinflussen und somit über Preissetzungsentscheidungen der Firmen auf die Inflationsdynamik in Industrieländern wirken. Barth und Ramey (2001) haben zum Beispiel für die USA gezeigt, dass...
Persistent link: https://www.econbiz.de/10005854268
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Reconsidering the Role of Money for Output, Prices and Interest Rates
Favara, Giovanni; Giordani, Paolo - Institut für Schweizerisches Bankwesen <Zürich> - 2007
New Keynesian models of monetary policy predict no role for monetary aggregates, in the sense that the level of output, prices, and interest rates can be determined without knowledge of the quantity of money. This paper evaluates the empirical validity of this prediction by studying the effects...
Persistent link: https://www.econbiz.de/10005858056
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Higher Order Expectations in Asset Pricing
Baccetta, Philippe; Van Wincoop, Eric - Institut für Schweizerisches Bankwesen <Zürich>; … - 2004
In this paper, we examine formally Keynes' idea that higher order beliefs can drivea wedge between an asset price and its fundamental value based on expected future payoffs. In a dynamic noisy rational expectations model, higher order expectations add an additional term, which we call the higher...
Persistent link: https://www.econbiz.de/10005858141
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WHAT WE DON’T KNOW ABOUT THE MONETARY TRANSMISSION MECHANISM AND WHY WE DON’T KNOW IT
Beyer, Andreas; Farmer, Roger E. A. - London School of Economics and Political Science - 2008
We study identification in a class of linear rational expectations models. For any givenexactly identified model, we provide an algorithm that generates a class of equivalentmodels that have the same reduced form. We use our algorithm to show that a modelproposed by Jess Benhabib and Roger...
Persistent link: https://www.econbiz.de/10009138465
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Credit frictions and optimal monetary policy
Cúrdia, Vasco; Woodford, Michael - Bank für Internationalen Zahlungsausgleich <Basel> - 2009
We extend the basic (representative-household) New Keynesian [NK] model ofthe monetary transmission mechanism to allow for a spread between the interestrate available to savers and borrowers, that can vary for either exogenous orendogenous reasons. We nd that the mere existence of a positive...
Persistent link: https://www.econbiz.de/10009138501
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Explaining Inflation Persistence by a Time-Varying Taylor Rule
Conrad, Christian; Eife, Thomas A. - Alfred-Weber-Institut für Sozial- und … - 2010
In a simple New Keynesian model, we derive a closed form solution for the inflationpersistence parameter as a function of the policy weights in the central bank’s Taylorrule. By estimating the time-varying weights that the FED attaches to inflationand the output gap, we show that the...
Persistent link: https://www.econbiz.de/10009248993