Similar Search Results

Microsimulation as an instrument to evaluate economic and social programmes

Merz, Joachim - 1993

In recent years microsimulation models (MSMs) have been increasingly applied in quantitative analyses of the individual impacts of economic and social programme policies. The suitability of using microsimulation as an instrument to analyze main and side policy impacts at the individual level...

Persistent link: https://www.econbiz.de/10010290116

Time use research and time use data - actual topics and new frontiers

Merz, Joachim - 2002

time use in the labour market (labour supply) and household production including the shadow pricing of unpaid work. Based …

Persistent link: https://www.econbiz.de/10010290124

Liquidity, term spreads and monetary policy

Aksoy, Yunus; Basso, Henrique S. - 2012

We propose a model that delivers endogenous variations in term spreads driven primarily by banks' portfolio decision and their appetite to bear the risk of maturity transformation. We first show that fluctuations of the future profitability of banks' portfolios affect their ability to cover for...

Persistent link: https://www.econbiz.de/10010290138

The impact of commodity price volatility on resource intensive economies

Keay, Ian - 2010

Commodity price volatility is bad for macroeconomic performance. Virtually all empirical studies that document this negative relationship rely on the estimation of aggregate growth equations using cross-section evidence drawn from the post-1970 era. This paper uses a simulation model based on...

Persistent link: https://www.econbiz.de/10010290312

Duty, self-interest, and the chance of casting a pivotal vote

Usher, Dan - 2010

One votes from self-interest or from a sense of duty. Voting from self-interest requires there to be some chance, however small, that one's vote swings the outcome of an election from one political party to another. This paper is a discussion of three models of what that chance might be: the...

Persistent link: https://www.econbiz.de/10010290314

Trading dynamics with adverse selection and search: Market freeze, intervention and recovery

Chiu, Jonathan; Koeppl, Thorsten - 2011

We study the trading dynamics in an asset market where the quality of assets is private information of the owner and … to asset quality, a large player can resurrect the market by purchasing bad assets which involves financial losses. The … minimal scale when markets are deemed important and losses are small. As losses increase and the importance of the market …

Persistent link: https://www.econbiz.de/10010290315

Housing liquidity, mobility, and the labour market

Head, Allen; Lloyd-Ellis, Huw - 2009

market conditions between cities affect the speed with which houses may be sold - that is, the liquidity of housing. At the … same time housing market conditions affect employment decisions and thus the allocation of labour across cities. In …

Persistent link: https://www.econbiz.de/10010290316

Promotion tournaments in market equilibrium

Zabojnik, Jan - 2008

firm's ability to adjust tournament prizes is constrained by the outside labor market, through the wages other firms are …

Persistent link: https://www.econbiz.de/10010290319

Envy minimization in the optimal tax context

Nishimura, Yukihiro - 2008

This paper examines the second-best tax policy to minimize envy in the sense of Chaudhuri (1986) and Diamantaras and Thomson (1990). An allocation is 'lambda'-equitable if no agent prefers a proportion 'lambda' of any other agent's bundle. We study the allocations that maximize 'lambda' among...

Persistent link: https://www.econbiz.de/10010290320

Pigouvian taxation in a Ramsey world

Boadway, Robin; Tremblay, Jean-Francois - 2008

This paper studies the optimal Pigouvian tax for correcting pollution when the government also uses distortionary taxes to raise revenues. When preferences are quasilinear in leisure and additive, the Pigovian tax can be separated from the Ramsey revenue-raising tax. We characterize the...

Persistent link: https://www.econbiz.de/10010290340