. Even at the intensive margin, we find that the elasticity for women exceeds that for men. For men and women in the … Netherlands, we predict an uncompensated labour supply elasticity of 0.1 (or 0.2 if an alternative specification is preferred) and …

Heterogeneous-agent New Keynesian models with sticky nominal wages usually assume that wage-setting unions demand the …, wages and inflation to monetary policy shocks becomes notably less pronounced. This attenuation reflects that hours worked … modification substantially lowers the effective stickiness of nominal wages, resulting in markedly different wage and inflation …

Anwendung auf die Verhältnisse in Deutschland nachvollzogen. Zahlreiche Übersichten mit Zahlenbeispielen erläutern die … Anwendung auf die Verha¨ltnisse in Deutschland nachvollzogen. Zahlreiche Übersichten mit Zahlenbeispielen erla¨utern die …

This paper investigates the credit channel in Germany and the United Kingdom. The financial systems of these two … competition among credit intermediaries, resulting in a declining dependence on banks in Germany. …

Anwendung auf die Verhältnisse in Deutschland nachvollzogen. Zahlreiche Übersichten mit Zahlenbeispielen erläutern die … the case of Germany with the aim to replicate the results, to carry out specification tests, and to evaluate the … output elasticity of the budget balance confirms the result that an increase in GDP by about 1 percentage point above the …