Narrow search
Showing 1 - 10 of 51,077
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
A monthly monetary model with banking intermediation for the euro area
Bruggeman, Annick; Donnay, Marie - 2003
Persistent link: https://www.econbiz.de/10011604310
Cover Image
Cross listing: price discovery dynamics and exchange rate effects
Scherrer, Cristina M. - School of Economics and Management, University of Aarhus - 2014
The paper investigates the dynamics of price discovery for cross-listed firms and the impact of exchange rate shocks on firm value. A simple price discovery model is proposed in which prices in the home and foreign markets react to shocks on two latent prices, namely, the efficient firm value...
Persistent link: https://www.econbiz.de/10011098648
Cover Image
Shocks and rigidities as determinants of the CEE labor markets’ performance - a panel SVECM approach -
Bukowski, Maciej Krzysztof; Koloch, Grzegorz; … - Instytut Badań Strukturalnych - 2008
We analyze with panel SVECM the impact of real wage, productivity, labor demand and supply shocks on the eight CEE economies during 1996-2007. We use a set of long-run restrictions, derived from the DSGE model with explicitly modeled labor market, to identify these structural shocks....
Persistent link: https://www.econbiz.de/10011171794
Cover Image
Common and Uncommon Sources of Growth in Asia Pacific
Weber, Enzo - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 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/10005677979