Showing 1 - 10 of 332
Persistent link: https://www.econbiz.de/10005355639
We show that credit market imperfections substantially increase the government-spending multiplier when the economy enters a liquidity trap. This finding is explained by the tight association between capital goods and firms' collateral, a relationship that we highlight as the...
Persistent link: https://www.econbiz.de/10010617526
This paper finds that a model with sticky information is less successful than a standard model featuring nominal rigidities, inflation indexation, and habits in generating the dynamics triggered by technology shocks, as estimated by a vector autoregression using U.S. macroeconomic data. The real...
Persistent link: https://www.econbiz.de/10010871046
Persistent link: https://www.econbiz.de/10013329762
Persistent link: https://www.econbiz.de/10012395239
Persistent link: https://www.econbiz.de/10012614053
L’objectif de la présente étude est d’estimer un système de demande d’inputs énergétiques pour divers secteurs industriels belges et ce faisant, d’illustrer l’importance empirique de fonder la recherché sur la spécification la plus généralisée disponible. Ainsi, à partir...
Persistent link: https://www.econbiz.de/10011074935
Persistent link: https://www.econbiz.de/10011074937
For the purpose of this paper, first a simple model of wage determination under the assumption of perfect competition will be developed to find other right hand variables apart from monopoly power characteristics for the regression. Then possible consequence of monopoly power on labour earnings...
Persistent link: https://www.econbiz.de/10011074938
Cette étude a pour objet les problèmes de coordination et d’harmonisation dans un système fédéral. Pris au sens général, la coordination et l’harmonisation fiscales se réfèrent à l’ensemble des mesures permettant de passer d’un système fiscal épars à un système uniforme,...
Persistent link: https://www.econbiz.de/10011074939