Showing 1 - 10 of 521
Summary In a framework of a monetary asset pricing model with production the effects of monetary and fiscal policy shocks are investigated. The model is kept simple enough to generate explicit formulae for the equilibrium price functions. With money yielding liquidity services in the exchange...
Persistent link: https://www.econbiz.de/10014608656
Purpose – The purpose of this paper is to demonstrate that both the reputation of the monetary authority and the credibility of the regime of inflation targeting are important to reduce the inflation bias and the effort of the monetary authority in an emerging economy....
Persistent link: https://www.econbiz.de/10014864629
. Stackelbergs Theorie der Preisführerschaft hat Seitz in seiner Dissertation aus dem Jahre 1965 aufgenommen. Der Autor gibt eine … einen Überblick vom Standpunkt der Spieltheorie her.  …Summary This essay deals with the contribution of Seitz and Stackelberg on oligopoly. Stackelberg’s theory on price …
Persistent link: https://www.econbiz.de/10014608721
Europäischen Zentralbank in die beschäftigungspolitische Verantwortung birgt allerdings die Gefahr eines exzessiven Einsatzes …
Persistent link: https://www.econbiz.de/10014608735
Entwicklung, die Klassische Spieltheorie, ist durch John von Neumanns und Oskar Morgensterns Werk „Game Theory and Economic …Summary This paper is a brief history of game theory with its main theme being the nature of the decision makers … developments of what many believe to be progress in game theory. The first stage, classical game theory, is defined by John von …
Persistent link: https://www.econbiz.de/10014608902
store paradox illustrate the roles of threats and reputation, cooperation, and retaliation. Dovetailing the theory of … theoretischen Bezugsrahmen bietet die Theorie wiederholter Spiele, mit denen sich soziale Phänomene wie Drohung und Kooperation … wichtige Herausforderung besteht für die Entrepreneurship-Forschung darin, Theorie und empirische Evidenz zu wiederholten …
Persistent link: https://www.econbiz.de/10014630806
Abstract The paper analyzes the question why the U.S. economy in the 2000:4--2004:3 period was sluggish in light of the large expansionary fiscal and monetary policies that took place. The answer does not appear to be that there were large structural changes in the economy or systematic bad...
Persistent link: https://www.econbiz.de/10014588398
Summary Macroeconomic policy analysis is a challenge for agent-based models because these types of model are generally much elaborated on the specific market levels for partial (micro) markets, but have been of limited use for macroeconomic policy issues due to calibration and “model...
Persistent link: https://www.econbiz.de/10014609201
Summary Planned ‘‘surprise’’ devaluations are often spurred by non-economic circumstances: a rentseeking government; political instability; or the opportunity to put the blame on a predecessor government. In this paper, these aspects are incorporated in the monetary and fiscal policy...
Persistent link: https://www.econbiz.de/10014609461
Purpose – Using quarterly data for a sample of 17 industrial countries, the purpose of this paper is to study asymmetry in the face of monetary shocks compared to government spending shocks. Design/methodology/approach – The paper outlines demand and supply channels determining the...
Persistent link: https://www.econbiz.de/10014863126