Showing 1 - 10 of 2,125
The empirical DSGE (dynamic stochastic general equilibrium) literature pays surprisingly little attention to the behavior of the monetary authority. Alternative policy rule specifications abound, but their relative merit is rarely discussed. We contribute to filling this gap by comparing the fit...
Persistent link: https://www.econbiz.de/10009292979
Persistent link: https://www.econbiz.de/10005056395
ILO pub-WEP pub. Working paper on the impact of higher energy costs (particularly petroleum price increases) on …
Persistent link: https://www.econbiz.de/10010966410
ILO pub-WEP pub. Working paper on the effects of petroleum price increases on employment and income distribution in the …, power consumption, world price changes, balance of payments, competitiveness of the agricultural sector and industrial …
Persistent link: https://www.econbiz.de/10010966687
conservation (incl. Energy substitution, price control and rationing); stresses need for alternative energy sources (incl. Fuelwood …
Persistent link: https://www.econbiz.de/10010967104
formation reflecting investment, and price level indexes showing relative cost of living by economy. …
Persistent link: https://www.econbiz.de/10011165187
The medieval notion of the just price was an outcome of neither an exclusively economic analysis nor a completely … of price and justice and how an integrated economics and ethics made for a mode of reasoning about price different from … the endogenousty focused price theory and limited boundaries of modern economics. It is argued in 'The Justice of the Just …
Persistent link: https://www.econbiz.de/10009221637
In this paper we incorporate the two most prominent approaches of inequality aversion, i.e. Fehr and Schmidt (1999) and Bolton and Ockenfels (2000) into an otherwise standard New Keynesian macro model and compare them with respect to their influence on the long-run effectiveness of monetary...
Persistent link: https://www.econbiz.de/10010886891
We study micro price dynamics and their macroeconomic implications using daily scanner data from 1988 to 2013. We … prices are almost as flexible as those in the U.S. and Euro area. Third, the heterogeneity of frequency and size of price … regular price revisions and the frequency of sales are significantly correlated with the macroeconomic environment in …
Persistent link: https://www.econbiz.de/10010904311
After the collapse of the asset price bubble, especially over the period of declining prices of goods and services from … price adjustment. Nevertheless, over the same period, inflation persistence has been observed from the year-on-year percent … changes in the Consumer Price Index (CPI). How can we interpret this micro and macro information consistently? Motivated by …
Persistent link: https://www.econbiz.de/10010907510