Showing 71 - 80 of 95
This paper investigates the macroeconomic implications of different regimes of international fiscal coordination and monetary-fiscal cooperation in a monetary union with independent fiscal authorities, that act strategically vis-a-vis a common central bank. In the presence of other policy goals...
Persistent link: https://www.econbiz.de/10014065224
This paper studies the business cycle implications of entry costs in a dynamic stochastic general equilibrium model with firm entry and nominal rigidity. Simulations show that my baseline model matches the dynamics observed in the data fairly well. Remarkably, it overcomes the well-known di¢...
Persistent link: https://www.econbiz.de/10010897822
This paper provides a DSGE model with firm entry. Simulations show that the model matches the synchronization of markups and entry observed in the data while at the same time reproducing empirically plausible moments for key macroeconomic variables. Sticky prices are essential for these results.
Persistent link: https://www.econbiz.de/10010897823
Persistent link: https://www.econbiz.de/10010053524
Persistent link: https://www.econbiz.de/10008444437
Drawing on a tractable DSGE model with nominal rigidity, this paper studies the implications of firms' entry in domestic and foreign markets for the international business cycle. The paper shows that the decision to enter a new market as well as the choice whether to invest at home or abroad...
Persistent link: https://www.econbiz.de/10008499077
Persistent link: https://www.econbiz.de/10008526580
Persistent link: https://www.econbiz.de/10005075526
This paper investigates the macroeconomic implications of different regimes of international fiscal coordination and monetary-fiscal cooperation in a monetary union with independent fiscal authorities, that act strategically vis-à-vis a common central bank. In the presence of other policy goals...
Persistent link: https://www.econbiz.de/10005177776
This paper analyses the impact of trade openness on inflation in a strategic framework characterised by monopolistic production in the domestic sector and unionised labour markets. By stressing the interplay between internal and external sources of economic distortion, we show that the economy's...
Persistent link: https://www.econbiz.de/10005686705