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The Bank, the Bank-Run, and the Central Bank: The Impact of Early Deposit Withdrawals in a New Keynesian Framework

Totzek, Alexander - 2008

Currently, private trust in commercial banks declines as a consequence of today´s financial crisis. As past crises, e.g. the Asian crisis, show, the loss of confidence in the financial sector typically causes private agents to withdraw their capital from financial institutions. Thus, the...

Persistent link: https://www.econbiz.de/10010298768

On the Non-Optimality of Information: An Analysis of the Welfare Effects of Anticipated Shocks in the New Keynesian Model

Wohltmann, Hans-Werner; Winkler, Roland C. - 2008

This paper compares the welfare effects of anticipated and unanticipated cost-push shocks in the canonical New Keynesian model with optimal monetary policy. We find that, for empirically plausible degrees of nominal rigidity, the anticipation of a future cost-push shock leads to a higher welfare...

Persistent link: https://www.econbiz.de/10010298769

Increasing energy and resource efficiency through innovation: an explorative analysis using innovation survey data

Rennings, Klaus; Rammer, Christian - 2009

Energy and resource efficiency innovations (EREIs) are often seen as win-win opportunities for both the economic and the environmental performance of firms. It is thus worth asking how the innovation activities and performance of firms with regard to energy and resource efficiency look like: Do...

Persistent link: https://www.econbiz.de/10010299184

Cost of compliance with the aquis communautaire in the Hungarian dairy sector

Kiss, Piroska; Weingarten, Peter - 2003

Union (EU). Über die hiermit in den Beitrittsländern ver-bundenen Kosten liegen bisher kaum Informationen vor. In diesem … Vorschriften besteht und wie hoch die hieraus resultierenden kalkulatorischen und pagatorischen jährlichen Kosten sind. Die … Millionen Euro. Hieraus folgen jährliche Kosten in Höhe von 9 Millionen Euro oder 0,1 bis 4,3 Cent pro Liter Milch. Dies …

Persistent link: https://www.econbiz.de/10010299439

Banks and early deposit withdrawals in a new Keynesian framework

Totzek, Alexander - 2009

When the current financial crisis has widened to a global economic crisis an urgent call for implementing financial markets and financial institutions in business cycle models emerged. By modelling commercial banks as a third type of economic agent, we are able to implement the feature of early...

Persistent link: https://www.econbiz.de/10010299743

Price, wage and employment response to shocks: evidence from the WDN survey

Bertola, Giuseppe; Dabušinskas, Aurelijus; … - 2010

This paper analyses information from survey data collected in the framework of the Eurosystem's Wage Dynamics Network (WDN) on patterns of firm-level adjustment to shocks. We document that the relative intensity and the character of price vs. cost and wage vs. employment adjustments in response...

Persistent link: https://www.econbiz.de/10010299989

The acceptance of earnings losses after voluntary mobility

Schneck, Stefan - 2010

Because rational individuals know that they cannot always get what they want, they are assumed to make appropriate adjustments. However, little is known about trade-off reasoning in labor market mobility decision making. The objective of this paper is to analyze the effect of commuting on the...

Persistent link: https://www.econbiz.de/10010300753

A note on reliefs for traveling expenses to work

Wrede, Matthias - 1999

Assuming that higher traveling expenses reduce traveling time, this paper considers reliefs for traveling expenses to work when a distorting wage tax is levied. While the decision on traveling expenses would not be distorted if traveling costs were completely deductible, taxation would still not...

Persistent link: https://www.econbiz.de/10010301330

Mobility and reliefs for traveling expenses to work

Wrede, Matthias - 1999

This paper proposes the question whether or not traveling expenses to work should be deductible from the income tax base. In order to answer this question, a simple model of (im-) perfect household and worker mobility is employed. The focus of the analysis is on the efficient use of land and the...

Persistent link: https://www.econbiz.de/10010301345

Estimating gravity equations with endogeneous trade costs

Rudolph, Stephan - 2010

A basic assumption of the gravity equation of international trade is that increasing trade costs lower exports. Butintuition and theory imply that a high export volume lowers bilateral trade costs as well, because a fixed cost intensivetrade sector probably bears lower average costs with more...

Persistent link: https://www.econbiz.de/10010301362