Narrow search
Showing 1 - 10 of 10,163
Cover Image
Inflation and wealth distribution
Heer, Burkhard; Süssmuth, Bernd - 2003
The effect of a permanent change of inflation on the distribution of wealth is analyzed in a general equilibrium OLG … of inflation results in a lower stock market participation rate; in addition, the distribution of wealth becomes more … anticipated inflation are considerably lower than in Imrohoroglu (1992). …
Persistent link: https://www.econbiz.de/10001737586
Cover Image
Inflation and welfare in an OLG economy with a privately provided public good
Bloise, Gaetano; Currarini, Sergio; Kikidis, Nicholas - 2001
Persistent link: https://www.econbiz.de/10001565127
Cover Image
Commitment and the adoption of a common currency
Cooper, Russell W.; Kempf, Hubert - In: International economic review 44 (2003) 1, pp. 119-142
Persistent link: https://www.econbiz.de/10001742655
Cover Image
Inflation and Welfare in an OLG Economy with a Privately Provided Public Good
Currarini, Sergio; Bloise, Gaetano; Kikidis, Nicholas - 2012
agents voluntarily contribute to a public good. Inflation has two effects at equilibrium: it increases voluntary … too large inflation rates. Moreover, there exists an optimal inflation rate …
Persistent link: https://www.econbiz.de/10014128532
Cover Image
Inflation and Wealth Distribution
Heer, Burkhard; Süssmuth, Bernd - 2021
The effect of a permanent change of inflation on the distribution of wealth is analyzed in a general equilibrium OLG … of inflation results in a lower stock market participation rate; in addition, the distribution of wealth becomes more … anticipated inflation are considerably lower than in Imrohoroglu (1992) …
Persistent link: https://www.econbiz.de/10013320148
Cover Image
Intergenerational sharing of unhedgeable inflation risk
Chen, Damiaan H. J.; Beetsma, Roel; Wijnbergen, Sweder van - 2022 - This version: November 16, 2022
Persistent link: https://www.econbiz.de/10013468772
Cover Image
Intergenerational sharing of unhedgeable inflation risk
Chen, Damiaan H. J.; Beetsma, Roel; Wijnbergen, Sweder van - 2022 - This version: November 16, 2022
We explore how members of a collective pension scheme can share inflation risks in the absence of suitable financial …
Persistent link: https://www.econbiz.de/10013460026
Cover Image
Secular stagnation? : growth, asset returns and welfare in the next decades : first results
Geppert, Christian; Ludwig, Alexander; Abiry, Raphael - 2016
Ongoing demographic change will lead to a relative scarcity of raw labor to the effect that output growth will be decreasing in the next decades, a secular stagnation. As physical capital will be relatively abundant, this decrease of output will be accompanied by reductions of asset returns. We...
Persistent link: https://www.econbiz.de/10011537898
Cover Image
Evaluating pay-as-you-go social security systems
Bachmann, Andreas; Wüthrich, Kaspar - 2015
This paper proposes a method for the welfare analysis of pay-as-you-go social security systems. We derive a formula for the welfare consequences of a permanent marginal change in the payroll tax rate that is valid under weak assumptions about the deep structure of the economy. Our approach...
Persistent link: https://www.econbiz.de/10011291373
Cover Image
A historical welfare analysis of Social Security : whom did the program benefit?
Peterman, William B.; Sommer, Kamila - In: Quantitative economics : QE ; journal of the … 10 (2019) 4, pp. 1357-1399
A well‐established result in the literature is that Social Security reduces steady state welfare in a standard life cycle model. However, less is known about the historical quantitative effects of the program on agents who were alive when the program was adopted. In a computational life cycle...
Persistent link: https://www.econbiz.de/10012202816