One of the two price indexation schemes in the staggered price DSGE models is the indexation to the average inflation. In this essay we show that using average of inflation as index multiplier may lead to the deviation from the optimal price for intermediate good producer. Although there is no...

Parental caregiving responsibilities can disrupt paid work, contributing to persistent gender inequalities in employment and earnings. Using Australian employer-employee linked data and a dynamic difference-in-differences approach, this study examines how workplace environments shape the impacts...

Person-to-person transmission in the workplace is thought to play a crucial role in the spread of COVID-19. Labor unions are among the largest institutions in the United States, and their role in regulating employee-employer relations is hard to ignore. Costly efforts to contain the virus...

I investigate the ethics of money production, consider theories of ethics which can cover my discussion and then I will have a look on the history of money production. Last part has been dedicated to adjust these two different fields and as conclusion, I found that: by definition in which we...

One of the two price indexation schemes in the staggered price DSGE models is the indexation to the average inflation. In this essay we show that using average of inflation as index multiplier may lead to the deviation from the optimal price for intermediate good producer. Although there is no...

One of the two price adjustment (indexation) schemes for the intermediate good producers, in the staggered price Dynamic Stochastic General Equilibrium (DSGE) models is the indexation to the average inflation. In this essay we show that using average of inflation as index multiplier may lead to...

In explaining economic phenomena, economic analysis concentrates on selected influences and fixes the host of other factors under a ceteris paribus clause. This view, which goes back to Alfred Marshall (1842-1924), is developed in the first part of the book. Aggregation is viewed as a particular...

Life annuities provide a guaranteed income for the remainder of the recipient’s lifetime, and therefore, annuitization presents an important option when choosing an adequate investment strategy for the retirement ages. While there are numerous research articles studying annuities from a...

Even 50 years after Modigliani/Miller’s irrelevance theorem, the basic question of how firms choose their capital structure remains unclear. This survey paper aims at summarizing and discussing corresponding recent developments in empirical capital structure research, which, in our view, are...