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Derivation and Estimation of a Phillips Curve with Sticky Prices and Sticky Information

Arslan, Mesut Murat - Volkswirtschaftliche Fakultät, … - 2005

I develop a structural model of inflation by combining two different models of price setting behavior: the sticky price … resultant SP/SI Phillips curve models inflation better than either the sticky price or sticky information models. The results …

Persistent link: https://www.econbiz.de/10005789618

Phillips Curve for Advanced Economies on Period 1996-2007 - United States and Euro Area Case

Manuel, Eduardo - Volkswirtschaftliche Fakultät, … - 2006

be verified always that exist equal evolution of their variables or for others words, always that inflation and … form and this just happen when inflation and unemployment rates growing for different directions (in the short-run) and … when inflation rate is growing and unemployment doesn't (in the long-run). …

Persistent link: https://www.econbiz.de/10005837539

Shifting to a Green Economy: Lock-in, Path Dependence, and Policy Options

Kemp-Benedict, Eric - Volkswirtschaftliche Fakultät, … - 2014

In the face of increasingly likely dangerous climate change, many developing countries are designing green economy or low-emissions development strategies, but are simultaneously on a course of investment locking them into high-emission infrastructure. Meanwhile, many high-income countries are...

Persistent link: https://www.econbiz.de/10011107311

Discussion of "Inflation and Relative Price Asymmetry" by Ratfai, A.

Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2007

This is a discussion of Ratfai (2007), presented at the 2007 Macroeconomics Workshop of the Rimini Center for Economic Analysis on "The Macroeconomics of Price Setting," May 10-11, 2007, University of Bologna, Rimini, Italy.

Persistent link: https://www.econbiz.de/10011107663

Explicit Evidence of an Implicit Contract

Young, Andrew; Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2013

We offer the first direct evidence of an implicit contract in a goods market. The evidence comes from the market for Coca-Cola. We demonstrate that the Coca-Cola Company left a written evidence of its implicit contract with its consumers—a very explicit form of an implicit contract. The...

Persistent link: https://www.econbiz.de/10011257711

General formal foundations of the virtuous deficit–profit symmetry and the vicious debt deflation

Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2012

A comprehensive dynamic model of the monetary economy that produces the key characteristics of a debt deflation has been presented recently by Steve Keen as an alternative to conventional approaches. His model is based on a double-entry bookkeeping methodology but lacks an acceptable profit...

Persistent link: https://www.econbiz.de/10011257980

Verteilungskampf und geldpolitische Sanktion

Pusch, Toralf - Volkswirtschaftliche Fakultät, … - 2007

Zur makroökonomischen Interaktion von Zentralbank und Gewerkschaften hat es in den letzten Jahren vermehrt spieltheoretische Beiträge gegeben. Der Vorzug der spieltheoretischen Methode ist, dass sie den Blick auf die Handlungslogiken der makroökonomischen Akteure erweitert. Zielkonflikte...

Persistent link: https://www.econbiz.de/10008556299

Sticky Wages, Incomplete Pass-Through and Inflation Targeting: What is the Right Index to Target?

Abo-Zaid, Salem - Volkswirtschaftliche Fakultät, … - 2009

This paper studies optimal monetary policy in a small open economy with Inflation Targeting, incomplete pass …

Persistent link: https://www.econbiz.de/10005108452

Holiday Price Rigidity and Cost of Price Adjustment

Levy, Daniel; Müller, Georg; Chen, Haipeng; Bergen, Mark; … - Volkswirtschaftliche Fakultät, … - 2008

The Thanksgiving-Christmas holiday period is a major sales period for US retailers. Due to higher store traffic, tasks such as restocking shelves, handling customers’ questions and inquiries, running cash registers, cleaning, and bagging, become more urgent during holidays. As a result, the...

Persistent link: https://www.econbiz.de/10005616644

Staggered wages, inflation, and discounting

Bonini, Patricia; Da Silva, Sergio - Volkswirtschaftliche Fakultät, … - 2007

actually lowers the time consistent steady inflation. …

Persistent link: https://www.econbiz.de/10005619566