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On Aghion's and Blanchard's On the speed of transition in Central Europe
Nævdal, Eric; Wagner, Martin - 2005
In this paper we derive the correct solution of optimal closure of the state sector studied in Section 6.4 of Aghion and Blanchard (1994). Aghion and Blanchard only present an 'approximate' solution which entails a constant unemployment rate in what they call a turnpike approximation. We show...
Persistent link: https://www.econbiz.de/10010293747
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On Aghion's and Blanchard's "On the speed of transition in Central Europe"/ Eric Nævdal; Martin Wagner
Nævdal, Eric; Wagner, Martin - 2005
In this paper we derive the correct solution of optimal closure of the state sector studied in Section 6.4 of Aghion and Blanchard (1994). Aghion and Blanchard only present an 'approximate' solution which entails a constant unemployment rate in what they call a turnpike approximation. We show...
Persistent link: https://www.econbiz.de/10009730397
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Optimal quota for sector-specific immigration
Mayr, Karin - 2008
Sectoral labor supply shortage is a cause of concern in many OECD countries and has raised support for immigration as a potential remedy. In this paper, we derive a general equilibrium model with overlapping generations, where natives require a compensating wage differential for working in one...
Persistent link: https://www.econbiz.de/10009741042
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Optimal Government Policies in Models with Heterogeneous Agents
Bohacek, Radim - 2006
In this paper we develop a new methodology for finding optimal government policies in economies with heterogeneous agents. The methodology is solely based on three classes of equilibrium conditions from the government's and individual agent's optimization problems: 1) the first order conditions;...
Persistent link: https://www.econbiz.de/10012734481
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Sozialstaat und Migration: empirische Evidenz und wirtschaftspolitische Implikationen für Deutschland
Schmidt, Christoph M. - In: Vierteljahrshefte zur Wirtschaftsforschung 71 (2002) 2, pp. 173-186
Persistent link: https://www.econbiz.de/10010377575
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Sozialstaat und Migration - empirische Evidenz und wirtschaftpolitische Implikationen für Deutschland
Schmidt, Christoph M. - In: Vierteljahrshefte zur Wirtschaftsforschung 71 (2002) 2, pp. 173-186
Persistent link: https://www.econbiz.de/10001687204
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Geschäftsplan Deutschland : Zukunft gewinnen mit Investitionen in Humanvermögen ; [doppelter Wohlstand für alle bis 2033, Leistungsfähige 65- bis 75-Jährige, Einwanderung von Human...
Ederer, Peer; Schuller, Philipp; Willms, Stephan - 2008
das Land bauen? Und was muss Deutschland heute tun, um in Zukunft erfolgreich zu sein? Die Antworten gibt der … ""Geschäftsplan Deutschland"". Deutschland ist ein reiches Land; die Verwaltung dieses Reichtums liegt allein in den Händen und der … Verantwortung seiner Bewohner. Der „Geschäftsplan Deutschland“ legt die Ressourcen offen und weist den Weg hin zu einer …
Persistent link: https://www.econbiz.de/10003603565
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Drivers of the change in social welfare
Luptáčik, Mikuláš; Nežinský, Eduard; Lábaj, Martin - 2015
Recent developments in the political, scientific and economic debate on the topic of the project proposal in Area 2: "The impact of ecological sustainability on growth and employment is investigated, as it will have important repercussions on econonmic policy and welfare, many of them not...
Persistent link: https://www.econbiz.de/10011341227
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U.S. Macroeconomic Policy Evaluation in an Open Economy Context Using Wavelet Decomposed Optimal Control Methods
Crowley, Patrick M. - 2019
It is widely recognized that the policy objectives of fiscal and monetary policymakers usually have different time horizons, and this feature may not be captured by traditional econometric techniques. In this paper, we first decompose U.S macroeconomic data using a time-frequency domain...
Persistent link: https://www.econbiz.de/10012866860
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Shadow Economy Causes Wrong Economic Policy
Georgiou, Miltiades N. - 2018
It is well known that shadow economy has many impacts on the economy and distorts competition. It is also known that shadow economy is hard to restrict without some repercussions regarding unemployment creation, investment distortions, economic growth, income distribution worsening, stock prices...
Persistent link: https://www.econbiz.de/10012928846