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Technology trade with asymmetric tax regimes and heterogeneous labor markets : implications for macro quantities and asset prices

Curatola, Giuliano Antonio; Donadelli, Michael; … - 2017 - This version: October 5, 2017

The international diffusion of technology plays a key role in stimulating global growth and explaining co-movements of international equity returns. Existing empirical evidence suggests that countries are heterogeneous in their attitude toward innovation: Some countries rely more on technology...

Persistent link: https://www.econbiz.de/10012062070

Introducing Financial Frictions and Unemployment into a Small Open Economy Model

Christiano, Lawrence J.; Trabandt, Mathias; Walentin, Karl - 2011

the model using Bayesian techniques on Swedish data. Our main results are: i) A financial shock to entrepreneurial wealth … and GDP. ii) The marginal efficiency of investment shock has very limited importance when we match financial market data …. iii) Our model does not need any high frequency wage markup shocks to match the data. Furthermore, the labor supply shock …

Persistent link: https://www.econbiz.de/10014221498

Contingent Reserves Management : An Applied Framework

Caballero, Ricardo J.; Panageas, Stavros - 2004

One of the most serious problems that a central bank in an emerging market economy can face, is the sudden reversal of capital inflows. Hoarding international reserves can be used to smooth the impact of such reversals, but these reserves are seldom sufficient and always expensive to hold. In...

Persistent link: https://www.econbiz.de/10014069501

Sources of inflation and output fluctuations in Poland and Hungary: Implications for full membership in the European Union

Dibooglu, Selahattin; Kutan, Ali M. - 2001

This paper examines the sources of fluctuations in inflation and output in two leading transitioneconomy candidates for admission to the European Union (EU), Poland and Hungary. Using a rational expectations, dynamic open economy aggregate supply- aggregate demand model, we consider real oil...

Persistent link: https://www.econbiz.de/10010301247

Twentieth anniversary of the Euro : why are some countries still not willing to join? : economists' view

Deskar-Škrbić, Milan; Kunovac, Davor - In: Comparative economic studies 62 (2020) 2, pp. 242-262

Persistent link: https://www.econbiz.de/10012494026

Twentieth anniversary of the euro: why are some countries still not willing to join?: economists’ view

Deskar-Škrbić, Milan; Kunovac, Davor - 2020

Persistent link: https://www.econbiz.de/10012225801

Europe, where to?

Ioan-Franc, Valeriu; Pop, Napoleon; Diamescu, Andrei Marius - In: Amfiteatru economic : an economic and business research … 25 (2023) 63, pp. 610-624

academic research. In this context, a series of aspects of major interest for Romania are comprised, which we both under the …

Persistent link: https://www.econbiz.de/10014464256

Assessing the Welfare Cost of a Fixed Exchange-Rate Policy

Dam, Niels Arne; Gregers Linaa, Jesper - 2005

This paper performs a welfare analysis based on the hypothetical scenario that Denmark gave up its peg and started conducting monetary policy according to a Taylor rule. For this we rely on a dynamic stochastic general equilibrium model for a small open economy that was estimated on Danish data...

Persistent link: https://www.econbiz.de/10010320884

Imperfect competition, monetary policy and welfare in a currency area

Lombardo, Giovanni - 2002

auf die Wohlfahrt und die optimale Geldpolitik. Betrachtet werden zwei Möglichkeiten, wie die Wettbewerbsintensität am … die Geldpolitik effektiver sein, wenn die Länder größere Asymmetrien aufweisen. Diese Ergebnisse legen es nahe, dass die … intensiver ist. Die optimale Geldpolitik der Zentralbank der Währungsunion wird ermittelt und mit einer einfachen Taylor …

Persistent link: https://www.econbiz.de/10011431763

Labor Wedges and Open Economy Puzzles

Karabarbounis, Loukas - 2011

A parsimonious model with home production, estimated to match moments of the “labor wedge,” explains prominent puzzles of the international business cycle. If market and home activity are substitutes, then the measured labor wedge increases whenever market consumption and employment...

Persistent link: https://www.econbiz.de/10013131985