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Heterogeneous consumers, segmented asset markets, and the effects of monetary policy

Enders, Zeno - 2010

This paper examines the implications of segmented assets markets for the real and nominal effects of monetary policy. I develop a model, in which varieties of consumption bundles are purchased sequentially. Newly injected money thus disseminates slowly through the economy via second-round...

Persistent link: https://www.econbiz.de/10003954132

Monetary and Non-Monetary Incentives in Real-Effort Tournaments

Erkal, Nisvan - 2019

Results from laboratory experiments using real-effort tasks provide mixed evidence on the relationship between monetary incentives and effort provision. To examine this issue, we design three experiments where subjects participate in two-player real-effort tournaments with two prizes. Experiment...

Persistent link: https://www.econbiz.de/10012901088

Monetary policy, risk aversion and uncertainty in an international context

Saini, Sakshi; Sehgal, Sanjay; Deisting, Florent - In: Multinational finance journal 24 (2020) 3/4, pp. 211-266

Persistent link: https://www.econbiz.de/10012591011

Monetary policy shocks identified using the entire yield curve : an alternative approach

Jang, Woon Wook - In: Applied economics letters 29 (2022) 21, pp. 2020-2031

Persistent link: https://www.econbiz.de/10013552915

A model of cycles and bubbles under heterogeneous beliefs in financial markets

Burs, Carina - In: Cogent economics & finance 11 (2023) 2, pp. 1-29

I study the effect of heterogeneous beliefs about asset prices on the long-term behavior of financial markets. Starting from the ideas of Abreu and Brunnermeier (2003), a two-dimensional system of differential equations is developed. The first dynamic variable is the asset price growth rate. The...

Persistent link: https://www.econbiz.de/10014501110

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

Preferences, nominal rigidities, and monetary policy

Ahrens, Steffen - 2014

Persistent link: https://www.econbiz.de/10010255584

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

Essays in empirical finance

Fürth, Sven - 2014

Persistent link: https://www.econbiz.de/10010394115

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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