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Decision makers lacking crucial specialist know-how often consult with better informed but biased experts. In our model the decision maker's choice problem is binary and her preferred option depends on the state of the world unknown to her. The expert observes the state and sends a report to the...
Persistent link: https://www.econbiz.de/10011430094
Wie kommt die Normativität ins Spiel? Die ordonomische Antwort auf diese Frage lautet lapidar: durch institutionelle Reformen. Wie voraussetzungsreich diese Antwort ist, wird durch einen Vergleich des ordonomischen Forschungsprogramms mit Friedrich Schillers politischer Reformagenda einer...
Persistent link: https://www.econbiz.de/10011733805
Menschen, stellen eine zentrale Grundlage für eine faktenbasierte Politikberatung und Forschung sowie verschiedene Monitoring …
Persistent link: https://www.econbiz.de/10014309857
in modernen Gesellschaften auf, beispielsweise auch als Instrument der Politikberatung. …
Persistent link: https://www.econbiz.de/10014452264
Germany is known as a leader in energy transition, but the country keeps falling short of meeting stated objectives. While attention has been high on climate change related policy leadership, the competing domestic alliances in the field of energy transition have received scant attention. In...
Persistent link: https://www.econbiz.de/10013040970
This paper documents the structure, estimation and simulation properties of the Italian block of the ESCB-multi-country model (MCM). The model is used regularly as an input into Eurosystem projection exercises and, to a lesser extent, in simulation analysis. The specification of the Italian...
Persistent link: https://www.econbiz.de/10011604706
’s prosperity. The paper focuses on olitical events in Italy over the past 35 years and asks whether the adoption of the euro in … 1999 has helped insulate Italy’s financial markets from the adverse consequences of its traditionally unstable political … system. We find that important political events have exerted a statistically and economically significant effect on Italy …
Persistent link: https://www.econbiz.de/10011605110
at a time-varying VAR model of Italy’s relative performance compared with the rest of the euro area, spanning from 1976 …
Persistent link: https://www.econbiz.de/10011605174
The hedonic literature suggests that locations with more favourable characteristics should display compensating wage and residential land price differentials. Using the hedonic price technique estimates of the willingness to pay for small changes in some key characteristics of the Italian...
Persistent link: https://www.econbiz.de/10011608285
with aggregate wage setting in Italy depending only on the rate of unemployment prevailing in the Northern and Central …
Persistent link: https://www.econbiz.de/10011608439