Showing 1 - 10 of 59
We experimentally investigate the nature of cooperation in various repeated games, with subjects from Romania and USA …. We find stark cross-country differences in the propensity to sustain multilateral cooperation through bilateral rewards …
Persistent link: https://www.econbiz.de/10009688524
We document individual willingness to fight climate change and its behavioral determinants in a large representative sample of US adults. Willingness to fight climate change – as measured through an incentivized donation decision – is highly heterogeneous across the population. Individual...
Persistent link: https://www.econbiz.de/10012597131
Persistent link: https://www.econbiz.de/10000974080
In this paper we have applied two approaches to the study of the dollar real exchange rate in relation with the Euro-area currencies. First, using dynamic panel techniques, we estimate an error correction model for the dollar real exchange rate versus seven developed countries, four of them...
Persistent link: https://www.econbiz.de/10011538958
This paper reviews the U.S. welfare reform efforts over the 1990s and the effects of these reforms to date. Seven lessons of potential interest to European observers are discussed, with particular attention to the conclusions of more recent research. Such research indicates, for example, that...
Persistent link: https://www.econbiz.de/10011410428
This paper studies the reaction of the mean and volatility of the euro-dollar exchange rate to statements of ECB officials during the first years of EMU. We focus on statements on monetary policy and the (potential) strength of the euro. We find that the Bundesbank has dominated the news...
Persistent link: https://www.econbiz.de/10011507830
This paper studies the design, effects and interactions of monetary and fiscal policies in the euro-area and between the euro-area and the non euro-area. To do so, a stylized three-country model of monetary and fiscal policy rules is constructed. It is analyzed how monetary and fiscal rules...
Persistent link: https://www.econbiz.de/10011509484
&D cooperation. This paper explores this idea by analysing on the one hand the incentives for EU, Japan and Russia to adopt this … and on technological innovation. The extended regime in which cooperation takes place on both dimensions (GHG emissions … a new, recently proposed regime, which aims at achieving GHG emission control by enhancing cooperation on technological …
Persistent link: https://www.econbiz.de/10011409394
A persistent criticism of general equilibrium models of monetary policy which incorporate nominal inertia in the form of the New Keynesian Phillips Curve (NKPC) is that they fail to capture the extent of inflation inertia in the data. In this paper we derive a general equilibrium model based on...
Persistent link: https://www.econbiz.de/10011409738
In this paper, we compare the total size of intertemporal public liabilities (IPLs) of several European countries and the United States. We utilize the machinery of generational accounting in order to calculate the composition of the countries IPLs, that is the sum of the explicit and implicit...
Persistent link: https://www.econbiz.de/10009781507