, depending on the size of the shock the prices adjust more or less pronounced than in the standard monopoly model and that prices … can even be rigid. Additionally, we find that the price adjustment is asymmetric with respect to shock size and sign and …

Did the increase in counterparty risk perception in the interbank market since autumn 2007 contribute to the severe …

of unexpected uncertainty increase, plants reduce their employment size in order to decrease the default risk that arises …

This paper tests whether the Ricardian Equivalence proposition holds in a life cycle consumption laboratory experiment … not hold in general. Our results suggest that taxation has a significant and strong impact on consumption choice. Over the … life cycle, a tax relief increases consumption on average by about 22% of the tax rebate. A tax increase causes consumption …