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Integration, Disintegration and Trade in Europe: Evolution of Trade Relations During the 1990s
Fidrmuc, Jarko; Fidrmuc, Jan - 2000
Czechoslovakia, Soviet Union and the Baltics was very high around the time of disintegration, exceeding the normal level of trade … approximately 40 times. Disintegration has been followed by a sharp fall in trade intensity. On the other hand, the trade …
Persistent link: https://www.econbiz.de/10013369959
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Economic and Politico-Economic Equivalence
Gonzalez-Eiras, Martín; Niepelt, Dirk - 2012
We extend "economic equivalence" results, like the Ricardian equivalence proposition, to the political sphere where … environments with distorting taxes, economic equivalence relations between policies with different levels of debt do not extend to …
Persistent link: https://www.econbiz.de/10011430095
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Reserves for all? Central bank digital currency, deposits, and their (non)-equivalence
Niepelt, Dirk - 2018
banking and the abolition of cash I propose an equivalence result according to which a marginal substitution of outside for …) incentives for equivalence and argue that these conditions likely are violated, implying that RFA would change macroeconomic …
Persistent link: https://www.econbiz.de/10011961435
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On the equivalence of private and public money
Brunnermeier, Markus K.; Niepelt, Dirk - 2019
apply the equivalence result to the "Chicago Plan", cryptocurrencies, the Indian de-monetization experiment, and Central …
Persistent link: https://www.econbiz.de/10012271930
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Monetary policy with reserves and CBDC: Optimality, equivalence, and politics
Niepelt, Dirk - 2020
We analyze policy in a two-tiered monetary system. Noncompetitive banks issue deposits while the central bank issues reserves and a retail CBDC. Monies differ with respect to operating costs and liquidity. We map the framework into a baseline business cycle model with "pseudo wedges" and derive...
Persistent link: https://www.econbiz.de/10012671250
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Advertising economics under uncertainty: An alternative approach
Gander, James P. - 2018
such an equivalence (or lack thereof) for advertising decision making are then explored. …
Persistent link: https://www.econbiz.de/10011882742