Search Results - subject:"policy commitment"

An empirical inquiry into the determinants of public education spending in Europe

Dragomirescu-Gaina, Catalin - In: IZA journal of European Labor Studies 4 (2015) 25, pp. 1-24

into a decision rule, the paper touches on some less mentioned determinants, such as policy commitment. Unfortunately …

Persistent link: https://www.econbiz.de/10011417361

Energy Subsidies and Policy Commitment in Political Equilibrium

Pani, Marco; Perroni, Carlo - Department of Economics, University of Warwick - 2014

investment by forward-looking agents. Reforming energy subsidies thus requires overcoming a policy commitment problem. In this …

Persistent link: https://www.econbiz.de/10011074729

Measuring the value of central bank commitment in the benchmark New Keynesian model

Marest, Luc; Thurston, Thom B. - In: Journal of macroeconomics 58 (2018), pp. 249-265

Persistent link: https://www.econbiz.de/10012128315

Energy subsidies and policy commitment in political equilibrium

Pani, Marco; Perroni, Carlo - In: Energy economics 71 (2018), pp. 149-160

Persistent link: https://www.econbiz.de/10011942976

The Effects of Monetary Policy Commitment: Evidence from Time- varying Parameter VAR Analysis

Nakajima, Jouchi; Shiratsuka, Shigenori; Teranishi, Yuki - Institute for Monetary and Economic Studies, Bank of Japan - 2010

In this paper, we explore the effects of the Bank of Japan's ( BOJ's) policy commitment under zero interest rates on … rates, succeeded in altering private-sector expectations. Second, the BOJ's policy commitment alone, nevertheless, was not …-varying parameters estimation technique with stochastic volatility. We show empirical evidence on two points. First, the BOJ's policy …

Persistent link: https://www.econbiz.de/10008494217

Tax uniformity: A commitment device for restraining opportunistic behaviour.

Dewit, Gerda; Leahy, Dermot - Department of Economics, National University of Ireland - 2008

We investigate whether and to what extent uniform and differentiated tax systems diverge in their propensity to create distortionary opportunistic behavoiur. The set-up in which we carry out our analysis features polluting firms that are confronted with existence a Pigovian emission tax. Firms...

Persistent link: https://www.econbiz.de/10005656673

Optimal contracts and the role of the government in wage bargaining

Cavallari, Lilia - In: Economics Letters 115 (2012) 2, pp. 160-163

This paper introduces a contract between the government and trade unions in a model of strategic wage bargaining à la Lippi (2003). It shows that an optimal contract can be implemented through an appropriately defined inflation target.

Persistent link: https://www.econbiz.de/10011041818