Showing 1 - 10 of 114
Gemessen an den jeweiligen Bedürfnissen der Bevölkerung, können Standards in Entwicklungsländern sowohl zu hoch als … auch zu niedrig sein. Beides ist möglich. Zu niedrige Standards sind oft darauf zurückzuführen, dass es an Verfahren fehlt …, die kollektives Handeln ermöglichen. Übernimmt man hingegen einfach die Standards aus reichen Nationen, kann das …
Persistent link: https://www.econbiz.de/10011733850
other rules in the literature. Furthermore we provide two characterizations. Finally, we present several approaches to this …
Persistent link: https://www.econbiz.de/10011324968
role of rules that limit debt, crucial for aggregate PBCs to take place. Since the budget process under separation of … powers typically requires that the legislature authorize new debt, divided government can make these fisscal rules credible …
Persistent link: https://www.econbiz.de/10010323359
Using simple game-theoretical models, this paper studies the role of pre-determined rules for HRM policies. We consider … of written rules, managers are too reluctant (1) to differentiate between employees on the basis of their abilities, and … (2) to terminate employment of employees on probation. Generally, organizations benefit from committing to strict rules …
Persistent link: https://www.econbiz.de/10010325637
This paper purports to apply the Kydland-Prescott framework of dynamic inconsistency to the case of fiscal policy, by considering the trade-off between output and debt stabilization. The Government budget constraint provides the link between debt dynamics and the level of activity, influenced by...
Persistent link: https://www.econbiz.de/10010326082
The paper discusses the experience to date with the implementation and application of the General Agreement on Trade in Services (GATS), some ten years after its entry into force. One striking observation is the smooth functioning of the Agreement, which has created far less tensions and...
Persistent link: https://www.econbiz.de/10010330155
Theories of rules and discretion have become a corner stone in the formulation of macroeconomic policy. They suggest … that monetary policy rules are first best in terms of social welfare. However, if commitment is not feasible, delegating … one hundred years provides an excellent case to assess the empirical evidence on the use of rules and central bank …
Persistent link: https://www.econbiz.de/10010334345
compete with imperatives (general moral rules or precepts) as alternative modes of communication to persuade agents to behave …
Persistent link: https://www.econbiz.de/10011931630
This papers contributes to the stream of research on rule based behavior, and rationality. A bounded rational agent can deal just with a reduced number of variables, neglecting part of the overall complexity. This is usually taken as just a limitation: agents cannot deal with all relevant...
Persistent link: https://www.econbiz.de/10011496085
are the approach to the rules in macroeconomic policy, fiscal consolidation, and interpretation of current account surplus …
Persistent link: https://www.econbiz.de/10012232440