Search Results - person:"Böhm, Volker"

The role of price normalization in imperfectly competitive economies

Böhm, Volker - 2022 - Version: December 12, 2022

This note presents an analytical method to examine when, why, and how rules of price normalization have an impact on noncompetitive equilibria in Arrow-Debreu economies. For simple prototype economies it is shown that under smooth strict convexity of preferences and technologies regular...

Persistent link: https://www.econbiz.de/10013472156

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The role of price normalization in imperfectly competitive economies

Böhm, Volker - 2022

Book / Working Paper

Dynamics of endogenous business cycles and exchange rate volatility

Böhm, Volker; Kikuchi, Tomoo - 2002

This paper studies dynamics of endogenous business cycles and exchange rate volatility in a small open economy. Without market imperfections, domestic price and wage adjustments respond sluggishly to disequilibrium situations on real domestic markets while prices on international capital markets...

Persistent link: https://www.econbiz.de/10011538984

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Dynamics of Endogenous Business Cycles and Exchange Rate Volatility

Böhm, Volker; Kikuchi, Tomoo - 2021

Book / Working Paper

Technology choice with externalities

Böhm, Volker; Colombo, Luca V. A. - 2023

Persistent link: https://www.econbiz.de/10014370439

Stable balanced expansion in homogeneous dynamic models

Böhm, Volker - 2019 - Version: June 4, 2019

This paper examines the stability of balanced paths of expansion or contraction in closed macroeconomic models as typical cases of homogeneous dynamical systems. Examples of known two-dimensional deterministic and stochastic models are discussed. The appendix presents the mathematical tools and...

Persistent link: https://www.econbiz.de/10012011755

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Stable balanced expansion in homogeneous dynamic models

Böhm, Volker - 2019

Book / Working Paper

The dynamics of balanced expansion in monetary economies with sovereign debt

Böhm, Volker - 2018 - Version: September 26, 2018

The paper examines the role of fiscal and monetary policy on the dynamics of monetary expansion in a macroeconomy. Its microeconomic structure defined by producers with neoclassical production functions, heterogeneous OLG consumers, and a stationary fiscal and monetary policy induces a...

Persistent link: https://www.econbiz.de/10011903801

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The dynamics of balanced expansion in monetary economies with sovereign debt

Böhm, Volker - 2018

Book / Working Paper

Rational expectations and the stability of balanced monetary development : conference paper

Böhm, Volker - 2014 - Preliminary and incomplete, Version: February 28, 2014

The expanding/contracting behavior of monetary macroeconomic models is largely driven by government deficits. Their monetary effects on inflation and monetary growth determine the real value of money (or of government debt) in the long run. Only positive stationary (constant) real values of...

Persistent link: https://www.econbiz.de/10010485297

Efficient bargaining in a dynamic macroeconomic model : conference paper

Böhm, Volker; Claas, Oliver - 2013

This paper analyzes the implications of bilateral bargaining over wages and employment between a producer and a union representing a finite number of identical workers in a monetary macroeconomic model of the AS AD type with government activity. Wages and aggregate employment levels are set...

Persistent link: https://www.econbiz.de/10010340560

The El Farol problem revisited

Böhm, Volker - 2015

The so-called El Farol problem describes a prototypical situation of interacting agents making binary choices to participate in a non-cooperative environment or to stay by themselves and choosing an outside option. In a much cited paper Arthur (1994) argues that persistent on-converging...

Persistent link: https://www.econbiz.de/10010487597

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The El Farol problem revisited

Böhm, Volker - 2015

Book / Working Paper

The El Farol Problem Revisited

Böhm, Volker - 2015

Book / Working Paper

The El Farol Problem Revisited

Böhm, Volker - 2015

Book / Working Paper

Wage bargaining, employment, and union power : the right-to-manage approach

Böhm, Volker; Claas, Oliver - 2014

This paper analyzes the implications of right-to-manage wage bargaining between a producers' syndicate and a workers' union representing finite numbers of identical members in a monetary macroeconomic model of the AS-AD type with government activity. At given prices and price expectations,...

Persistent link: https://www.econbiz.de/10010239909

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Wage bargaining, employment, and union power: The right-to-manage approach

Böhm, Volker; Claas, Oliver - 2014

Book / Working Paper

Wage Bargaining, Employment, and Union Power: The Right-to-Manage Approach

Böhm, Volker; Claas, Oliver - 2014

Book / Working Paper

Efficient bargaining in a dynamic macroeconomic model

Claas, Oliver - 2019

This chapter analyzes the implications of efficient wage–employment bargaining in a closed monetary macroeconomic model of the AS-AD type with a government sector and fiat money. The consumption sector is made up of heterogeneous consumers - shareholders and workers - with endogenous labor...

Persistent link: https://www.econbiz.de/10012138307