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Fairness and the disinflation puzzle
Lunardelli, Andre - 2014
Following Driscoll and Holden (2004), I model forward-looking workers who consider it unfair if a wage adjustment fails to match past inflation. However, the present paper proposes a much larger effect by using the job finding rate as the measure of workers' opportunities outside the firm rather...
Persistent link: https://www.econbiz.de/10010379902
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Preferences, nominal rigidities, and monetary policy
Ahrens, Steffen - 2014
Persistent link: https://www.econbiz.de/10010255584
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Inequality aversion and the long-run effectiveness of monetary policy : bilateral versus group comparison
Ahrens, Steffen - 2012
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/10009671657
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Essays in empirical finance
Fürth, Sven - 2014
Persistent link: https://www.econbiz.de/10010394115
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Fairness and Risk-Sharing in Transnational Monetary Governance
Viehoff, Juri - 2020
government functions, including some central to the realisation of economic justice. This article advances a theory of “Eurozone … justice” by developing principled answers to two basic questions: First, what do members of monetary unions owe one another in … approach the moral basis of supranational monetary governance, focusing on background justice and equitable risk sharing …
Persistent link: https://www.econbiz.de/10012854597
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The Gilded Bubble Buffer and Optimal Macroprudential Policy
Freixas, Xavier - 2020
We provide a microfounded framework for the welfare analysis of macroprudential policy within a model of rational bubbles. For this we posit an overlapping generation model where productivity and credit supply are subject to random shocks. We find that when real interest rates are lower than the...
Persistent link: https://www.econbiz.de/10012846053
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Should the oracle have a moral compass? : social justice and recent federal reserve policy
Zalewski, David A. - In: Journal of economic issues : jei 41 (2007) 2, pp. 511-517
Persistent link: https://www.econbiz.de/10003473465
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Geld im Sog der Negativzinsen
Kirchhof, Paul - 2021
Zum Werk "Euro ist gleich Euro." - Dieser Grundsatz beinhaltet im Kern den Auftrag der Europäischen Zentralbank, die Stabilität des Geldwerts zu gewährleisten, auf ihn sollte jeder Geldeigentümer vertrauen dürfen. Aber gilt dieser auch in Zeiten von Negativzinsen? Lohnt sich in diesen...
Persistent link: https://www.econbiz.de/10012518792
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Monetary Policy Effectiveness, and Some Explanations of Unemployment, Fair Wages and Fair Prices in a General Equilibrium Setting
Josheski, Dushko; Boshkov, Tatjana - 2021
This paper argues that monetary policy matters in short-run and that it affects unemployment, and prices and wages in near-rational firms. Those profit-maximizer firms are adjusting prices in accordance with consumer expectations and wages are set to be fair accordingly to the workers...
Persistent link: https://www.econbiz.de/10013240934
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Whatever it takes? : Zur (Un-)Wirksamkeit der Umlage von sog. "Negativzinsen" auf Kreditinstitute und deren Kunden im EURO-Raum
Knops, Kai-Oliver - 2021
Persistent link: https://www.econbiz.de/10012665150