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Implementing optimal control in cointegrated I(1) structural VAR models

Monti, Francesca V. - 2003

This paper examines the feasibility of implementing Linear Quadratic Gaussian (LQG) Control in structural cointegrated VAR models and sheds some light on the two major problems generated by such implementation. The first aspect to be taken into account is the effect of the presence of unit roots...

Persistent link: https://www.econbiz.de/10009635883

Pricing payment cards

Bedre-Defolie, Özlem; Calvano, Emilio - 2009

In a payment card association such as Visa, each time a consumer pays by card, the bank of the merchant (acquirer) pays an interchange fee (IF) to the bank of the cardholder (issuer) to carry out the transaction. This paper studies the determinants of socially and privately optimal IFs in a card...

Persistent link: https://www.econbiz.de/10009640439

Modelling anti-inflationary monetary targeting

Sánchez, Marcelo - 2010

This paper attempts to characterise an anti-inflationary monetary targeting (MT) regime. In order to derive a formal representation of this regime, we formulate the central bank’s optimisation problem under the assumption that it is possible for the monetary targeted variable to have an impact...

Persistent link: https://www.econbiz.de/10009640355

Macroeconomic implications of downward wage rigidities

Abbritti, Mirko; Fahr, Stephan - 2011

Growth of wages, unemployment, employment and vacancies exhibit strong asymmetries between expansionary and contractionary phases. In this paper we analyze to what degree downward wage rigidities in the bargaining process affect other variables of the economy. We introduce asymmetric wage...

Persistent link: https://www.econbiz.de/10009640697

Collect More - Spend Better : Achieving development in an inclusive and sustainable way ; Staff working document

Europäische Kommission / Generaldirektion …

the Third FfD Conference. It analyses ways to support developing countries in providing the resources required to ensure … resources, without increasing the tax burden on the poor. …

Persistent link: https://www.econbiz.de/10011799525

Evaluation of the EU’s Cooperation with the Eastern Africa, Southern Africa and Indian Ocean region (2008 - 2015) : Final Report ; Volume I – Main Report

Buhl-Nielsen, Eric (contributor); … - Aide à la Décision Economique - 2017

This evaluation of the EU’s cooperation with the Eastern Africa, Southern Africa and the Indian Ocean region (EA-SA-IO) aims to: - Provide an overall and independent assessmentof the past and current cooperation. - Identify lessons learned and make recommendations to inform current and future...

Persistent link: https://www.econbiz.de/10012036339

The Economics of Resource Management

Binswanger, Hans Christoph; Chakraborty, Rabindra Nath - 2000

discuss policy implications. The paper is structured as follows. After a definition of the concepts of "resources" and … "sustainability" in Section 2, economic theory is reviewed with regard to the capacity of markets to generate optimal time paths for … the exploitation of nonrenewable resources (Section 3). Section 4 presents an interpretation of sustainability that can be …

Persistent link: https://www.econbiz.de/10009636663

Dematerialization, environmental accounting and resource management

Bartelmus, Peter; Bringezu, Stefan; Moll, Stephan - 2000

Persistent link: https://www.econbiz.de/10009636664

Analysis of the fundamental concepts of resource management

Steiner, Gottfried; Stark, Wolfgang; Pilz, Harald; … - 2000

This report presents an inventory of existing scenarios studies relevant for Europe in the context of sustainable development, including European and global models. It also provides a useful review of a selected number of scenarios and pinpoints their strengths and weaknesses.

Persistent link: https://www.econbiz.de/10009636684

Resource management: Do we need public policy?

Zeeuw, Aart de - 2000

Persistent link: https://www.econbiz.de/10009636686