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Financial intermediation, liquidity and inflation

Chiu, Jonathan (contributor); … - 2008

This paper develops a search-theoretic model to study the interaction between banking and monetary policy and how this interaction affects the allocation and welfare. Regarding how banking affects the welfare costs of inflation: First, we find that, with banking, inflation generates smaller...

Persistent link: https://www.econbiz.de/10003790575

Do equity preferences matter in climate negotiations? : an experimental investigation

Dannenberg, Astrid (contributor); Sturm, Bodo (contributor); … - 2007

This paper investigates in how far equity preferences may matter for climate negotiations. For this purposes we conducted a simple experiment with people who have been involved in international climate policy. The experiment, which was run via the Internet, consisted of two simple non-strategic...

Persistent link: https://www.econbiz.de/10003562171

Legislative organization and ideal-point bias

Krehbiel, Keith; Peskowitz, Zachary - 2013

Four pure types of legislative organization are characterized as data generating processes for commonly used measures of preferences or, in the spatial vernacular, ideal points. The types of legislative organization are differentiated by their partisan versus nonpartisan nature of agenda...

Persistent link: https://www.econbiz.de/10011523690

Grundlagen der Theorie der Firma : Methodologie der Firma

Frohwein, Torsten - 2014

Zentrales Erklärungsobjekt der Forschung zur Theorie der Firma im strategischen Management ist die Firma. Das … strategische Management kennt nicht die eine Theorie der Firma. Hinter dem gemeinsamen Forschungsziel der Erklärung der Firma steht …-nomologischen Erklärungsschema hat der Pluralismus in der Theorie der Firma seine Ursache in der Verschiedenheit der zu erklärenden Ereignisse …

Persistent link: https://www.econbiz.de/10010402749

Der Markt für "politische Zitronen"

Steinrücken, Torsten - 2001

Der vorliegende Aufsatz zeigt, dass der Übergang von einer direkten zu einer indirekten Demokratie und die Einschaltung von Repräsentanten nicht nur mit dem Entstehen eines Delegationsproblems zwischen den Bürgern und Politikern verbunden ist, sondern zusätzlich Negativauslese der...

Persistent link: https://www.econbiz.de/10009384498

Keeping Up with the Joneses: Implications for the Welfare Effects of Monetary Policy in Open Economies

Pierdzioch, Christian - 2003

A dynamic general equilibrium two-country optimizing model is used to analyze the welfare effects of monetary policy in open economies. The distinguishing feature of the model is that households' preferences feature a "keeping up with the Joneses" effect. This effect implies that households'...

Persistent link: https://www.econbiz.de/10010260429

Comparing Monetary Policy Strategies: Towards a Generalized Reaction Function

Hammermann, Felix - 2003

There seems to be no consensus in the literature with respect to monetary policy strategies in combination with flexible exchange rate regimes. Therefore, this paper determines what the alternative strategies inflation targeting, Taylor rule, monetary conditions index, and managed floating have...

Persistent link: https://www.econbiz.de/10010260430

Determinants of Short-Term Debt

Lusinyan, Lusine; Buch, Claudia M. - 2000

One key focus of the on-going debate on the integration of international financial markets have been measures to lengthen the maturity of foreign debt. Short-term debt is typically considered to be volatile and thus a potential trigger of currency crises. In contrast to the vivid policy debate...

Persistent link: https://www.econbiz.de/10010260432

On the Coexistence of National Companies and Multinational Enterprises

Kleinert, Jörn - 2003

National and multinational companies coexist in many sectors of all developed countries. However, economic models fail to reproduce this fact because of the assumption of symmetry between companies. To show that the symmetry assumption is the reason for this failure, a two-country general...

Persistent link: https://www.econbiz.de/10010260442

The Impact of Structural Reforms on Wages and Employment: The Case of Formal versus Informal Workers in Bolivia

Spatz, Julius - 2003

This paper seeks to contribute to the ongoing controversy on the distributional effects of structural reforms in developing countries. To this end, we set up a small-scale macroeconomic model of a dual economy to capture the transmission mechanisms through which the deregulation of product and...

Persistent link: https://www.econbiz.de/10010260444