Showing 1 - 10 of 45
This study addresses the potential trade-off between inflation and exchange rate targeting in former transition countries, which now may be labeled emerging market economies and which prepare for entry into the Economic and Monetary Union (EMU). Among this group of countries, some implemented...
Persistent link: https://www.econbiz.de/10009429025
We postulate a nonlinear DSGE model with a financial sector and heterogeneous households. In our model, the interaction between the supply of bonds by the financial sector and the precautionary demand for bonds by households produces significant endogenous aggregate risk. This risk induces an...
Persistent link: https://www.econbiz.de/10012524850
We study the link between culturally inherited household structure and wealth distribution in international comparisons using household data for the US and Spain (the SCF and the EFF). We estimate counterfactual US distributions relying on the Spanish household structure. Our results show that...
Persistent link: https://www.econbiz.de/10012529955
Este artículo analiza el problema de un planificador benevolente que desea controlar una población de agentes heterogéneos sujetos a perturbaciones idiosincrásticas. Esto es equivalente a un problema de control determinista en el que la variable de estado pertinente es la distribución de...
Persistent link: https://www.econbiz.de/10012530491
Our aim is to investigate whether the direct payments and rural development measures of theEU’s Common Agricultural Policy (CAP) do make jobs in agriculture safer. We work with adynamic labour demand equation that is augmented by the full set of policy instruments of theCAP. It is estimated on...
Persistent link: https://www.econbiz.de/10009446120
The thesis analyzes monetary and labor policies under different market frictions. In the first part several versions of a microfounded dynamic general equilibrium model with monopolistic competitors in the product and/or labor market are derived and simulated. First of all, the monetary...
Persistent link: https://www.econbiz.de/10009428998
There is a continuing debate on whether or not ownership changes accompanying privatization of state-owned enterprises … of telecommunication firms around the world, 4 years before and 4 years after privatization, using two parallel measures … could corroborate stronger evidence for or against maintained hypothesis of performance improvements after privatization …
Persistent link: https://www.econbiz.de/10009441699
and revisits policy implications. Practical implications – No one policy fits all in Indonesia for privatization programme …
Persistent link: https://www.econbiz.de/10009441700
Privatization and market liberalization are widely considered to be complementary reforms in transition economies. This … pursued too vigorously, privatization may actually impede the transition process following market liberalization. Our result … analysis, less than full privatization is optimal when the costs of learning are sufficiently important. …
Persistent link: https://www.econbiz.de/10009447260
This paper examines the fiscal impact of privatization revenues in 47 developing countries. There are many reasons that … privatization is attractive for the central government of developing countries. If substantial, these revenues from the sale of … state owned enterprises can present a potential solution to persistent deficits. On the other hand, the privatization …
Persistent link: https://www.econbiz.de/10009468754