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important economic problem - the adjustment of nominal prices after an anticipated money shock. Our experiments show that when …
Persistent link: https://www.econbiz.de/10014101526
Der vorliegende Diskussionsbeitrag entstand im Rahmen eines Forschungsprojektes über die monetäre Integration von fünf mittel- und osteuropäischen EU-Beitrittskandidaten (Polen, Tschechische Republik, Ungarn, Slowenien und Estland). Das hier vorgestellte Kapitel geht auf die...
Persistent link: https://www.econbiz.de/10001424897
Der vorliegende Diskussionsbeitrag entstand im Rahmen eines Forschungsprojektes über die monetäre Integration von fünf mittel- und osteuropäischen EU-Beitrittskandidaten (Polen, Tschechische Republik, Ungarn, Slowenien und Estland). Das hier vorgestellte Kapitel geht auf die...
Persistent link: https://www.econbiz.de/10010508256
feature of lobbying pressures has an impact on the stabilization properties of monetary policy. When a supply shock occurs …, the shock is totally absorbed by a forward-looking trade-union which has no costs of lobbying, independently of any finite …
Persistent link: https://www.econbiz.de/10014208793
This paper provides a model that can account for the almost uniform staggering of wage contracts in some countries as well as for the markedly nonuniform staggering in others. In the model, short and long contracts as well as long contracts concluded in different periods are strategic...
Persistent link: https://www.econbiz.de/10003982016
This paper provides a model that can account for the almost uniform staggering of wage contracts in some countries as well as for the markedly nonuniform staggering in others. In the model, short and long contracts as well as long contracts concluded in different periods are strategic...
Persistent link: https://www.econbiz.de/10003983623
by names like currency wars, taper tantrums, and fiscal compacts. In traditional game theory terms, the existence of …
Persistent link: https://www.econbiz.de/10013002120
The paper offers an analysis of the issues related to the election dates synchronisation between two countries. The first purpose of the paper is to analyse the circumstances in which a government of a single country, considered to be a small economy, has incentives, or not, to synchronise the...
Persistent link: https://www.econbiz.de/10011502964
Persistent link: https://www.econbiz.de/10001089191
We use a two-country model with a central bank maximizing union-wide welfare and two fiscal authorities minimizing comparable, but slightly different country-wide losses. We analyze the rivalry between the three authorities in seven static games. Comparing a homogeneous with a heterogeneous...
Persistent link: https://www.econbiz.de/10003633793