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An Empirical Characterization of Redistribution Shocks and Output Dynamics

Hauzenberger, Klemens; Stehrer, Robert - Wiener Institut für Internationale … - 2010

, is strong enough to make such a redistribution an attractive, maybe provocative, policy alternative. Across the border in … - redistribution towards profits. We discuss several possible explanations such as the formation of expectations and the different …

Persistent link: https://www.econbiz.de/10008673449

The limits to profit-wage redistribution : endogenous regime shifts in Kaleckian models of growth and distribution

Köhler, Kasper - 2018

redistribution from wages to profits and vice versa. This paper addresses the nonlinearity of the standard post-Kaleckian model by …-ledness" of an economy: redistribution towards wages reinforces the wage-led or profit-led character of an economy, while … redistribution towards profits does the opposite. In addition, redistribution towards wages can turn an intermediate regime wage …

Persistent link: https://www.econbiz.de/10011938664

Wage-Led Demand as a Rebalancing Strategy for Economic Growth in China

Jetin, Bruno; Reyes-Ortiz, Luis - 2021

Rebalancing growth in favor of domestic consumption has been an objective of Chinese policy makers for over two decades. However, until recently little progress has been achieved. This article argues that the nature of the demand regime is a major reason for the limited rebalancing operated thus...

Persistent link: https://www.econbiz.de/10013229296

Interaction of European Carbon Trading and Energy Prices

Bunn, Derek W.; Fezzi, Carlo - 2007

This paper addresses the economic impact of the EU Emission Trading Scheme for carbon on wholesale electricity and gas prices. Specifically, we analyse the mutual relationships between electricity, gas and carbon prices in the daily spot markets in the United Kingdom. Using a structural...

Persistent link: https://www.econbiz.de/10010312547

Common and uncommon sources of growth in Asia Pacific

Weber, Enzo - 2006

This paper embarks to analyse the role of exports and investment supposed to be major sources of economic growth in Asia Pacific. Therefore at first, the cointegration properties of exports, capital formation and GDP are examined in vector error correction models (VECMs). The results confirm the...

Persistent link: https://www.econbiz.de/10010263653

Non-normal identification for price discovery in high-frequency financial markets

Zema, Sebastiano Michele - 2020

The possibility to measure the relative contribution of agents and exchanges to the price formation process in high-frequency financial markets acquired increasingly importance in the financial econometric literature. In this paper I propose to adopt fully data-driven approaches to identify...

Persistent link: https://www.econbiz.de/10012651850

A monthly monetary model with banking intermediation for the euro area

Bruggeman, Annick; Donnay, Marie - 2003

Persistent link: https://www.econbiz.de/10011604310

Common and Uncommon Sources of Growth in Asia Pacific

Weber, Enzo - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2006

Persistent link: https://www.econbiz.de/10005677979

A Monthly Monetary Model with Banking Intermediation for the Euro Area

Bruggeman, Annick; Donnay, Marie - Centrum voor Economische Studiën, Faculteit Economie … - 2003

In this paper we gradually construct a monthly encompassing monetary model on the basis of its two constituting components: a money demand and a loan demand model. Each of the three models pays special attention to the intermediation role of banks by modelling the relation between the retail...

Persistent link: https://www.econbiz.de/10005698099

Interaction of European Carbon Trading and Energy Prices

Bunn, Derek W.; Fezzi, Carlo - Fondazione ENI Enrico Mattei (FEEM) - 2007

Persistent link: https://www.econbiz.de/10005570346