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Intertemporale Effekte einer fiskalischen Konsolidierung in einem RBC-Modell

Coenen, Günter - 1998

Persistent link: https://www.econbiz.de/10010478848

Intertemporal effects of fiscal policy in an RBC model

Coenen, Günter - 1998

In the recent economic debate on the design of fiscal policy in Germany it is gene rally agreed that the total hurden of taxes and levies has to be reduced. In this paper, arguments that form the basis of this claim are evaluated within a calihrated Real Business Cycle model. The analysis shows...

Persistent link: https://www.econbiz.de/10010478849

Zur Diskussion über den Verbraucherpreisindex als Inflationsindikator: Beiträge zu einem Workshop in der Deutschen Bundesbank

1999

In February 1998 a work was published in the series of discussion papers produced by the Bundesbank which was concemed with problems of measuring inflation in Gerrnany. This paper met with a lively response. The Research Group of the Bundesbank therefore staged a workshop on this subject at...

Persistent link: https://www.econbiz.de/10010478854

Netzgeld als Transaktionsmedium

Kabelac, Gabriele - 1999

Elektronisches Geld stellt die (vorerst) neueste Innovation im Bereich des Zahlungsverkehrs dar. Inwieweit sich aus seiner Verbreitung Konsequenzen für die Geldpolitik ergeben, hängt nicht zuletzt davon ab, in welchem Umfang elektronisches Geld vom Publikum tatsächlich zu Zahlungszwecken...

Persistent link: https://www.econbiz.de/10010478856

Cyber money as a medium of exchange

Kabelac, Gabriele - 1999

Electronic money constitutes (for the time being) the most recent innovation in payment instruments. The extent to which the further spread of electronic money might have consequences for monetary policy depends not least on the actual demand for electronic money. Numerous studies have sought to...

Persistent link: https://www.econbiz.de/10010478857

Implicit government guarantees and bank herding behavior

Rüffer, Rasmus - 1999

inhärenten Anreiz fiir gleichgerichtetes Herdenverhalten. Das vorliegende Papier entwickelt ein Zustandspräferenzmodell bei dem …

Persistent link: https://www.econbiz.de/10010478858

Network Markets and Consumer Coordination

Ambrus, Attila; Argenziano, Rossella - 2004

This paper analyzes pricing decisions and competition in network markets, assuming that groups of consumers can … differentiate. In Bertrand competition different firms might target high reservation value consumers on different sides of the … market. Firms can obtain positive profits in price competition. Product differentiation in equilibrium is endogenized by …

Persistent link: https://www.econbiz.de/10010494335

Inflation Inertia and Monetary Policy Shocks

Lendvai, Júlia - 2004

This paper compares the New Keynesian Phillips curve with the hybrid Phillips curve for its ability to reproduce observed in.ation and output dynamics. The analysis is based on impulse responses of a miniature general equilibrium model incorporating price and in.ation inertia as the only...

Persistent link: https://www.econbiz.de/10010494336

Optimal incentive mix of performance pay and efficiency wage

Frederiksen, Anders; Takáts, Előd - 2004

Firms use a rich set of incentives including fixed wages, bonuses, threat of firing and promise of promotion. Yet, we … do not have a theoretical understanding of how such a mix of incentives can arise. This paper aims to build a theoretical …

Persistent link: https://www.econbiz.de/10010494339

Nominal growth of a small open economy

Benczúr, Péter; Kónya, István - 2006

This paper develops a flexible price, two-sector nominal growth model, in order to study the nominal aspects of capital accumulation (convergence). We adopt a classical model of a small open economy with traded and nontraded goods, and enrich its structure with gradual investment and a...

Persistent link: https://www.econbiz.de/10010494341