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On household labour supply in sticky-wage HANK models
Gerke, Rafael; Giesen, Sebastian; Lozej, Matija; … - 2024 - November 24, 2023
Heterogeneous-agent New Keynesian models with sticky nominal wages usually assume that wage-setting unions demand the same amount of hours from all households. As a result, unions do not take account of the fact that (i) households are heterogeneous in their willingness to work, and that (ii)...
Persistent link: https://www.econbiz.de/10014467926
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Macroeconomic effects of gender discrimination
Neyer, Ulrike; Stempel, Daniel - 2019
This paper theoretically analyzes the macroeconomic effects of gender discrimination against women in the labor market … leads to a discrimination-induced gender wage gap, lower wages for women and men, lower aggregate output, and lower welfare …
Persistent link: https://www.econbiz.de/10012062713
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Monetary Policy and Labor Market Gender Gaps
Flamini, Valentina - 2023
We study the effects of monetary policy shocks on employment gender gaps in a panel of 22 countries using quarterly … shocks, narrowing the employment gender gap over time. Two factors contribute to explaining this heterogeneous effect. First … market adjustment, the narrowing of the gender employment gap is initially driven by a reduction in the gender unemployment …
Persistent link: https://www.econbiz.de/10015059050
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Progressive taxation and optimal monetary policy in a two-country new Keynesian model
Ida, Daisuke; Kaminoyama, Kenichi - In: International finance : the only journal bridging the … 26 (2023) 3, pp. 260-285
Persistent link: https://www.econbiz.de/10014440890
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Wealth inequality and optimal monetary policy
Hiraguchi, Ryoji - In: Macroeconomic dynamics 14 (2010) 5, pp. 629-644
Persistent link: https://www.econbiz.de/10008808894
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Business cycle dynamics of a new Keynesian overlapping generations model with progressive income taxation
Heer, Burkhard (contributor); Maußner, Alfred (contributor) - 2006
In our dynamic optimizing sticky price model, agents are heterogeneous with regard to their age and their productivity. We find that the business cycle dynamics in the OLG model in response to both a technology shock and a monetary shock are similar, but not completely identical to those found...
Persistent link: https://www.econbiz.de/10003301356
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Monetary Policy and Automatic Stabilizers: the Role of Progressive Taxation
Mattesini, Fabrizio; Rossi, Lorenza - 2010
We study the effects of progressive labor income taxation in an otherwise standard NK model. We show that progressive taxation (i) introduces a trade-off between output and inflation stabilization and affects the slope of the Phillips Curve; (ii) acts as automatic stabilizer changing the...
Persistent link: https://www.econbiz.de/10010343876
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Gender Wage Discrimination, Effects on Monetary Policy and the Business Cycle
Valdivia, Joab - 2023
The purpose of this research is to demonstrate the benefits of monetary policy based on wage equality in the labor market. The investigation considers the unpaid work that women assume, within the household. The results demonstrate wage discrimination between men and women is related to...
Persistent link: https://www.econbiz.de/10014254609
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Optimal conventional stabilization policy in a liquidity trap when wages and prices are sticky
Belgibayeva, Adiya; Horváth, Michal - 2015
Persistent link: https://www.econbiz.de/10011318427
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The macroeconomic effects of progressive taxes and welfare
Engler, Philipp; Strehl, Wolfgang - 2016
We analyze the positive and normative effects of a progressive tax on wages in a nonlinear New Keynesian DSGE model in the presence of demand and technology shocks. The non-linearity allows us to disentangle the effects of the progressive tax on the volatility and the level of macroeconomic...
Persistent link: https://www.econbiz.de/10011566088