Narrow search
Showing 1 - 10 of 509
Cover Image
Who should pay for certification?
Stahl, Konrad; Strausz, Roland - 2011
Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer or the seller? Our answer - the seller - follows from a nontrivial analysis revealing a clear intuition. Buyer-induced certification acts as an inspection device,...
Persistent link: https://www.econbiz.de/10010306003
Cover Image
Price Competition with Information Disparities in a Vertically Differentiated Duopoly
Cavaliere, Alberto - 2004
differentiation, informed consumers exert a positive externality on the purchasers of the high quality good as its price decreases … when the share of informed consumers decreases. Considering also that the price of the low quality good increases with the … with pessimistic consumers we can explain demand collapses and insensitivity to price changes due to consumer suspicions …
Persistent link: https://www.econbiz.de/10011324907
Cover Image
The Role of Asset Prices in Euro Area Monetary Policy: Specification and Estimation of Policy Rules and Implications for the European Central Bank
Bohl, Martin T.; Siklos, Pierre L. - 2005
This paper estimates forward-looking and forecast-based Taylor rules for France, Germany, Italy, as well as the euro area, using both final revised data and real-time data. We are particularly interested in the impact of adding asset prices to the standard Taylor rule specification. Since...
Persistent link: https://www.econbiz.de/10010296350
Cover Image
ifo Konjunkturprognose 2003/2004: Erholung erst im nächsten Jahr
Nierhaus, Wolfgang; Hahn, Elke; Kuntze, Oscar-Erich; … - In: ifo Schnelldienst 56 (2003) 13, pp. 13-38
Die Weltkonjunktur zeigt sich im Frühsommer 2003 leicht aufwärtsgerichtet. Zu einer durchgreifenden Erholung ist es bisher noch nicht gekommen. Belastend wirkten insbesondere die Irak-Krise, der zwischenzeitliche Höhenflug des Erdölpreises, der Ausbruch der Lungenkrankheit SARS sowie die...
Persistent link: https://www.econbiz.de/10011692036
Cover Image
Preis, Lohn, Stagflation?
Schettkat, Ronald - In: Wirtschaftsdienst 88 (2008) 6, pp. 368-370
der Europäischen Währungsunion aus? Besteht die Gefahr einer Lohn-Preis-Spirale? Stehen wir vor einer erneuten Stagflation? …
Persistent link: https://www.econbiz.de/10010283180
Cover Image
The monetary economy and the economic crisis
Laidler, David - 2010
Adam Smith's ideas about the invisible hand, was a major contribution to an ongoing tradition in monetary theory in whose …
Persistent link: https://www.econbiz.de/10010291902
Cover Image
Do low interest rates sow the seeds of financial crises?
Cociuba, Simona E.; Shukayev, Malik; Ueberfeldt, Alexander - 2012
A view advanced in the aftermath of the late-2000s financial crisis is that lower than optimal interest rates lead to excessive risk taking by financial intermediaries. We evaluate this view in a quantitative dynamic model where interest rate policy affects risk taking by changing the amount of...
Persistent link: https://www.econbiz.de/10010291904
Cover Image
International policy transmissions before and after establishing a monetary union
Rumler, Fabio - 1999
This paper analyzes the effects of the implementation of a monetary union on the international transmission of monetary and fiscal policies. A dynamic three-country general equilibrium model, exhibiting monopolistic competition and sticky prices, is used to show how asymmetric monetary and...
Persistent link: https://www.econbiz.de/10010291919
Cover Image
Optimal central bank conservatism and monopoly trade unions
Berger, Helge; Hefeker, Carsten; Schöb, Ronnie - 2000
The conservative central banker has come under attack recently. Explicitly modeling the interaction of a trade union with monetary policy, it has been argued that the standard solution to the inflationary bias in monetary policy might actually be welfare reducing if the trade union has an...
Persistent link: https://www.econbiz.de/10010291983
Cover Image
Remedies for financial crises in the classical and neoclassical literature
Laidler, David - 2000
Bank Charter Act, and the Bagehot Principle, as well as to the effects of developments in the theory of value, the cycle …
Persistent link: https://www.econbiz.de/10010291996