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Collard, Fabrice; Dellas, Harris - C.E.P.R. Discussion Papers - 2003

We evaluate the case for perfect price (inflation) stabilization in a New Keynesian (NNS) model that includes capital accumulation, a variety of shocks, a monetary and an imperfect competition distortion. In such a model, price rigidity may provide the monetary authorities with an opportunity to...

Persistent link: https://www.econbiz.de/10005114271

A Political Economy Theory of the Soft Budget Constraint

Robinson, James A; Torvik, Ragnar - C.E.P.R. Discussion Papers - 2005

Why do soft budget constraints exist and persist? In this paper we argue that the prevalence of soft budget constraints can be best explained by the political desirability of softness. We develop a political economy model where politicians cannot commit to policies that are not ex post optimal....

Persistent link: https://www.econbiz.de/10005114300

Can Two-Part Tariffs Promote Efficient Investment on Next Generation Networks?

Brito, Duarte; Pereira, Pedro; Vareda, João - Autoridade de Concorrência, Government of Portugal - 2008

investment cost is low, the regulator can induce investment when he cannot commit to a policy. Second, we show that in this case …

Persistent link: https://www.econbiz.de/10005115563

Incentives to Invest and to Give Access to Non-Regulated Next Generation Networks

Brito, Duarte; Pereira, Pedro; Vareda, João - Autoridade de Concorrência, Government of Portugal - 2008

We analyze the incentives of a telecommunications incumbent to invest and give access to a downstream entrant to a next generation network, NGN. We model the industry as a duopoly, where a vertically integrated incumbent and a downstream entrant, that requires access to the incumbent's network,...

Persistent link: https://www.econbiz.de/10005115567

Does a Soft Macroeconomic Environment Induce Restructuring on the Microeconomic Level during the Transition Period? Evidence from Investment Behavior of Czech Enterprises

Lizal, Lubomir - EconWPA - 2001

The paper analyzes investment behavior of industrial enterprises in the period immediately following price and foreign … microeconomic decisions. A dynamic investment function with symmetric adjustment cost function based on the Euler equation has been … estimated. The derived and estimated investment function accounts for export sales in order to determine whether firms evaluate …

Persistent link: https://www.econbiz.de/10005118676

Foreign Direct Investment in the Black Sea Area

Glinavos, Ioannis - EconWPA - 2005

investment performance of each state. The main focus is on the analysis of the legislation related to the promotion and …

Persistent link: https://www.econbiz.de/10005118790

SOCIO-ECONOMIC IMPLICATIONS OF COMBRAINS

DR.VSR.SUBRAMANIAM - EconWPA - 2005

of the Combrain will be to identify,plan&derive implementation methods for Basic Needs;Domestic Investment …

Persistent link: https://www.econbiz.de/10005118844

SOCIO-ECONOMIC DEVELOPMENT : MATHEMATICAL MODELS BY DR.VSRS

DR.VSR.SUBRAMANIAM - EconWPA - 2005

The current population in the World has grown beyond the Break-even level of the food supplies, water, clothing and shelter. Techno- commercial systems are also within the utility of developed nations, but beyond the infrastructure and mental orientation of the Developing and Under Developed...

Persistent link: https://www.econbiz.de/10005119190

The Globalisation and its Implications for the Economic Development of Latin America

Blum, Matthias; Stosberg, Jörg - EconWPA - 2003

The process of globalisation has in several ways an impact on the Latin American Economies. The recent developments give a carefully optimistic view on the economic consequences for these countries. While all of the Latin American nations still lag behind the industrialised countries with...

Persistent link: https://www.econbiz.de/10005119261

Investment-Saving Comovement under Endogenous Fiscal Policy

Levy, Daniel - EconWPA - 2005

. Using this model, I demonstrate how a positive investment-saving correlation can arise in a world with endogenous fiscal … capital mobility. This implies that the observed investment- saving comovement is not necessarily due to imperfect capital … investment. Empirical examination of this prediction indicates that U.S. time series data is compatible with the hypothesis of …

Persistent link: https://www.econbiz.de/10005119430