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WELFARE-MAXIMIZING OPERATIONAL MONETARY AND TAX POLICY RULES
Kollmann, Robert Miguel W. K. - Centre for Economic Policy Research <London> - 2008
. Optimized policy has a strong anti-inflation stance andimplies persistent fluctuations of the tax rate and of public debt. Very … simple optimizedpolicy rules, under which the interest rate just responds to inflation and the tax rate justresponds to …
Persistent link: https://www.econbiz.de/10009138469
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The Weak Jobs Recovery: Whatever Happened to“the Great American Jobs Machine”?
Freeman, Richard B.; Rodgers, William M. - Harvard University <Cambridge, Mass.> / Department of …; … - 2005
[...]This paper examines the operation of the U.S. labor marketin the 2001 recovery. Because the United States is in …
Persistent link: https://www.econbiz.de/10005869718
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Getting Less for More: Economic Evaluation in theSocial Welfare Field
Sefton, Tom - London School of Economics and Political Science - 2000
Economic evaluation has an important role in helping to make decisionsabout the use of scarce resources in an explicit and rational manner, yeteconomic evaluation is not well-developed in many areas of socialwelfare. This paper looks at the reasons for this, focusing on whateconomists could do...
Persistent link: https://www.econbiz.de/10008695297
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Lectures on Political Competition and Welfare
Besley, Timothy - London School of Economics and Political Science - 1999
There are N citizens who have to make a social decision about a set policies denotedby x ∈ A, where A denotes the set of feasible policies. Citizen’s preferencesover policy are denoted V i (x, j) ( where i = 1, ...,N) ,and j denotes the identityof the policy maker. This specification allows...
Persistent link: https://www.econbiz.de/10009248811
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Welfare Economics and Public Choice
Besley, Timothy - London School of Economics and Political Science - 2002
[...]The analysis of competitive markets culminated in the fundamental theorems of welfare economics which elucidated the (restrictive) conditions under which resource allocation by markets would achieve Pareto efficiency. The first fundamental theorem says that all perfectly competitive...
Persistent link: https://www.econbiz.de/10009248812
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The Tyranny Puzzle in Welfare Economics: An empirical investigation
Cowell, Frank A.; Fleurbaey, Marc; Tungodden, Bertil - London School of Economics and Political Science - 2010
We address a puzzle in welfare economics - the possibility that rational people maybe simultaneously against two apparently conflicting forms of “tyranny”. In fact thetwo types of tyranny can be reconciled but at the possible cost of conflict with otherstandard welfare principles. We examine...
Persistent link: https://www.econbiz.de/10009305099
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Immigration Trends in the New York Metropolitan Area
Borjas, George J. - Harvard University <Cambridge, Mass.> / Department of … - 2005
[...]This paper documents the impact of recent changes inimmigration settlement patterns on the skill endowment ofimmigrants in the New York metropolitan area. The empiricalanalysis uses the available U.S. census microdata between 1970and 2000 to examine two related questions that inevitably lie...
Persistent link: https://www.econbiz.de/10005869701
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Housing Futures our homes and communities
Power, Anne T.; Lane, Laura - London School of Economics and Political Science - 2010
The housing system is intrinsically linked to almost every major area of government policy fromthe economy and taxation to the environment and education. It is driven by a huge range offactors from the behaviour of individuals to global economic forces. It is also in most casesthe greatest asset...
Persistent link: https://www.econbiz.de/10008785034
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Macroeconomic Volatilities and the Labor Market:First Results from the Euro Experiment
Merkl, Christian; Schmitz, Tom - Institut zur Zukunft der Arbeit <Bonn> - 2010
This paper analyzes the effects of different labor market institutions on inflation and outputvolatility. The eurozone … use a New Keynesian model with unemployment to predict the effects ofdifferent labor market institutions on macroeconomic … labor market institutions have a large effect on output volatility, they donot seem to have much of an effect on inflation …
Persistent link: https://www.econbiz.de/10009360591
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Do Asymmetric Central Bank Preferences Help ExplainObserved Inflation Outcomes?
Doyle, Matthew; Falk, Barry - Iowa State University of Science and Technology <Ames, … - 2006
Recent theoretical work shows that changes in the volatility of inflation and/or unem-ployment affect equilibrium in … propositionthat the volatility of unemployment helps explain inflation outcomes suffers from a spu-rious regression problem. Once this … problem is controlled for, the evidence suggeststhat the volatility of unemployment does not help explain inflation outcomes …
Persistent link: https://www.econbiz.de/10009360871