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Displaying results 76 to 100 of 108.

  1. Adjustment in EMU: is convergence assured?
    Published: 2009
    Publisher:  Hans-Böckler-Stiftung, Düsseldorf

    Using a modified version of the model presented by Belke and Gros (2007), we analyze the stability of adjustment in a currency union. Using econometric estimates for parameter values we check the stability conditions for the 11 original EMU countries... more

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    Using a modified version of the model presented by Belke and Gros (2007), we analyze the stability of adjustment in a currency union. Using econometric estimates for parameter values we check the stability conditions for the 11 original EMU countries and Greece. We found significant instability in the model for a large number of countries. We then simulate the adjustment process for some empirically observed parameter values and find that even for countries with relatively smooth adjustment, the adjustment to a price shock in EMU might take several decades. Keywords: EMU, convergence, stability Das Papier analysiert die Stabilität eines Anpassungsprozesses in einer Währungsunion. Dafür wird ein einfaches makroökonomisches Modell in der Tradition von Belke und Gros (2007) verwendet, das um Inflationspersistenz erweitert wird und mit Hilfe dessen analytisch Stabilitätsbedingungen ermittelt werden. Mit Hilfe von ökonometrischen Schätzungen wird in einem zweiten Schritt geprüft, inwieweit die Stabilitätsbedingungen in den 11 ursprünglichen Mitgliedsstaaten der Europäischen Währungsunion erfüllt sind. Dabei werden Anzeichen von Instabilität in einer Reihe von Ländern gefunden. In einer Simulation wird zudem gezeigt, dass selbst in einigen Ländern mit stabilen Anpassungspfaden die Anpassung auf einen Inflationsshock mehrere Jahrzehnte dauern kann.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/105918
    Series: Working paper / IMK, Institut für Makroökonomie ; 7/2009
    Subjects: EMU; convergence; stability; inflation
    Scope: Online-Ressource (34 S.), graph. Darst.
    Notes:

    Zsfassung in dt. Sprache
  2. Haus - Geschlecht - Sicherheit
    diskursive Formierungen in der Frühen Neuzeit
    Contributor: Ruby, Sigrid (Herausgeber); Schmidt-Voges, Inken (Herausgeber)
    Published: 2023
    Publisher:  Nomos, Baden-Baden

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    Source: Union catalogues
    Contributor: Ruby, Sigrid (Herausgeber); Schmidt-Voges, Inken (Herausgeber)
    Language: German; English
    Media type: Conference proceedings
    Format: Print
    ISBN: 9783848771066; 3848771063
    Other identifier:
    9783848771066
    Edition: 1. Auflage
    Corporations / Congresses: Haus - Geschlecht - Sicherheit. Diskursive Formierungen in der Frühen Neuzeit (2020, Online)
    Series: Politiken der Sicherheit ; Band 12
    Other subjects: (Produktform)Paperback / softback; art history; Arbeitsteilung; discursive formations; diskursive Formierungen; division of labor; Frühe Neuzeit; Geschichte; early modern period; Geschlecht; gender; heteronormative gender order; gesellschaftliche Ordnung; hierarchy; Haus; heteronormative Geschlechterordnung; history; Hierarchie; home; Kunstgeschichte; legitimation; Legitimierung; literary studies; philosophy; Literaturwissenschaft; security; Philosophie; social order; Sicherheit; Stabilität; stability; theology; Theologie; (Produktrabattgruppe)NG: NG-Rabatt; (VLB-WN)1559: Hardcover, Softcover / Geschichte/Kulturgeschichte
    Scope: 367 Seiten, Illustrationen, 23 cm, 538 g
  3. Haus – Geschlecht – Sicherheit
    diskursive Formierungen in der Frühen Neuzeit
    Contributor: Ruby, Sigrid (Publisher); Schmidt-Voges, Inken (Publisher)
    Published: 2023
    Publisher:  Nomos, Baden-Baden

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    Europa-Universität Viadrina, Universitätsbibliothek
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    Source: Union catalogues
    Contributor: Ruby, Sigrid (Publisher); Schmidt-Voges, Inken (Publisher)
    Language: English; German
    Media type: Book
    ISBN: 9783848771066; 3848771063
    Other identifier:
    9783848771066
    RVK Categories: NN 4430 ; MR 7100 ; MS 3250
    Edition: 1. Auflage
    Series: Politiken der Sicherheit | Politics of Security ; 12
    Other subjects: art history; Arbeitsteilung; discursive formations; diskursive Formierungen; division of labor; Frühe Neuzeit; Geschichte; early modern period; Geschlecht; gender; heteronormative gender order; gesellschaftliche Ordnung; hierarchy; Haus; heteronormative Geschlechterordnung; history; Hierarchie; home; Kunstgeschichte; legitimation; Legitimierung; literary studies; philosophy; Literaturwissenschaft; security; Philosophie; social order; Sicherheit; Stabilität; stability; theology; Theologie
    Scope: 367 Seiten, 22.7 cm x 15.3 cm
  4. Blended finance in fragile contexts
    opportunities and risks
    Author: Basile, Irene; Neunuebel, Carolyn
    Published: November 2019
    Publisher:  OECD, Paris, France

    The development community agrees on the need to address conflict and fragility for global security and sustainable development. In such complex situations, programming should strive to include multiple actors at various levels of society. Although... more

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    The development community agrees on the need to address conflict and fragility for global security and sustainable development. In such complex situations, programming should strive to include multiple actors at various levels of society. Although the use of private investment in fragile contexts has so far been low, the need to address the SDG funding gap makes innovative and more flexible financing methods worth considering. Official Development Aid remains critical, but blended finance can help enlarge the total resources available for development. This paper analyses the OECD-DAC statistics on amounts mobilised from the private sector by official development finance interventions, from 2012 to 2017, against the multidimensional lens presented in the OECD 2018 States of Fragility Framework. The data shows a positive relationship between blending opportunities and economic, political and environmental security. The amounts of private finance mobilised increase, as a country’s economic, political and environmental fragility decreases. The way blended finance interplays with societal fragility and security remains unclear, as these two dimensions exert more complex influence on the trade-off between perceived risks and anticipated returns, which typically guides private investors.

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
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    Series: OECD development co-operation working paper ; 62
    OECD Development Co-operation Working Papers ; no.62
    Subjects: Development; stability; fragile contexts; development co-operation; fragility; development; blended finance; development finance
    Scope: 1 Online-Ressource (circa 70 Seiten), Illustrationen
  5. Monetary theory and policy
    the debate revisited
    Author: Gaffard, Jean-Luc
    Published: [2018]
    Publisher:  LEM, Laboratory of Economics and Management, Institute of Economics, Scuola Superiore Sant'Anna, Pisa, Italy

    This paper is aimed at revisiting monetary analysis in order to better understand erroneous choices in the conduct of monetary policy. According to the prevailing consensus, the market economy is intrinsically stable and is upset only by poor... more

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    This paper is aimed at revisiting monetary analysis in order to better understand erroneous choices in the conduct of monetary policy. According to the prevailing consensus, the market economy is intrinsically stable and is upset only by poor behaviour by government or the banking system. We maintain on the contrary that the economy is unstable and that achieving stability requires a discretionary economic policy. This position relies upon an analytical approach in which monetary and financial organisations are devices that help markets to function. In this perspective, which focuses on the heterogeneity of markets and agents, and, consequently, on the role of institutions in determining overall performance, it turns out that nominal rigidities and financial commitment offer the means to achieve economic stability. This is because they prevent successive, unavoidable disequilibria from becoming explosive.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/203090
    Series: LEM working paper series ; 2018, 37 (November 2018)
    Subjects: Geldpolitik; Geldtheorie; inflation; market; money; stability
    Scope: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  6. Financial intermediation chains in an OTC market
    Author: Shen, Ji; Wei, Bin; Yan, Hongjun
    Published: [2018]
    Publisher:  Federal Reserve Bank of Atlanta, Atlanta, GA

    This paper analyzes financial intermediation chains in a search model with an endogenous intermediary sector. We show that the chain length and price dispersion among interdealer trades are decreasing in search cost, search speed, and market size but... more

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    This paper analyzes financial intermediation chains in a search model with an endogenous intermediary sector. We show that the chain length and price dispersion among interdealer trades are decreasing in search cost, search speed, and market size but increasing in investors' trading needs. Using data from the U.S. corporate bond market, we find evidence broadly consistent with these predictions. Moreover, as search speed approaches infinity, the search equilibrium does not always converge to the centralized-market equilibrium: prices and allocation converge, but the trading volume might not. Finally, we analyze the multiplicity and stability of the equilibrium.

     
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    Format: Online
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    hdl: 10419/200537
    Series: Working paper series / Federal Reserve Bank of Atlanta ; 2018, 15 (November 2018)
    FRB Atlanta Working Paper ; No. 2018-15
    Subjects: search; chain; financial intermediation; multiplicity; stability
    Scope: 1 Online-Ressource (circa 66 Seiten), Illustrationen
  7. The invariant distribution of wealth and employment status in a small open economy with precautionary savings
    Author: Bayer, Christian; Rendall, Alan D.; Wälde, Klaus
    Published: [2018]
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We study optimal savings in continuous time with exogenous transitions between employment and unemployment as the only source of uncertainty in a small open economy. We prove the existence of an optimal consumption path. We exploit that the dynamics... more

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    Staats- und Universitätsbibliothek Bremen
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    We study optimal savings in continuous time with exogenous transitions between employment and unemployment as the only source of uncertainty in a small open economy. We prove the existence of an optimal consumption path. We exploit that the dynamics of consumption and wealth between jumps can be expressed as a Fuchsian system. We derive conditions under which an invariant joint distribution for the state variables, i.e., wealth and labour market status, exists and is unique. We also provide conditions under which the distribution of these variables converges to the invariant distribution. Our analysis relies on the notion of T-processes and applies results on the stability of Markovian processes from Meyn and Tweedie (1993a, b,c).

     
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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/191422
    Series: Array ; no. 7397 (December 2018)
    Subjects: uncertainty in continuous time; counting process; existence; uniqueness; stability
    Scope: 1 Online-Ressource (circa 44 Seiten), Illustrationen
  8. Efficiency, stability, and commitment in senior level job matching markets
    Author: Sun, Ning; Yang, Zaifu
    Published: [2018]
    Publisher:  Department of Economics and Related Studies, University of York, York

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 464 (2018,20)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Discussion papers in economics ; no. 18, 20
    Subjects: Matching state; core; stability; commitment; procedure
    Scope: 1 Online-Ressource (circa 35 Seiten)
  9. Influence in private-goods allocation
    Author: Raghavan, Madhav
    Published: 19 July 2018
    Publisher:  Université de Lausanne, Faculté des hautes études commerciales (HEC), Département d'économétrie et économie politique, Lausanne

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
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    Format: Online
    Series: Cahier de recherches économiques du Département d'Econométrie et d'Economie politique (DEEP) ; 18, 05
    Subjects: Private-goods allocation; welfare; strategy-proofness; influence; matching; single-object auctions; object-allocation; non-bossiness; Pareto-efficiency; stability
    Scope: 1 Online-Ressource (circa 59 Seiten)
  10. Stable balanced expansion in homogeneous dynamic models
    Author: Böhm, Volker
    Published: [2019]
    Publisher:  Center for Mathematical Economics (IMW), Bielefeld University, Bielefeld, Germany

    This paper examines the stability of balanced paths of expansion or contraction in closed macroeconomic models as typical cases of homogeneous dynamical systems. Examples of known two-dimensional deterministic and stochastic models are discussed. The... more

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    This paper examines the stability of balanced paths of expansion or contraction in closed macroeconomic models as typical cases of homogeneous dynamical systems. Examples of known two-dimensional deterministic and stochastic models are discussed. The appendix presents the mathematical tools and concepts to prove the stability of expanding/contracting paths in homogeneous systems. These are described by so-called Perron-Frobenius solutions. Since convergence of orbits of homogeneous systems in intensive form is only a necessary condition for convergence in state space additional requirements are derived for the general n-dimensional case. For deterministic dynamic economies, as in most models of economic growth, of international trade, or monetary macro, conditions of existence and stability are obtained applying the features of the non-linear generalization of the Perron-Frobenius Theorem. In the stochastic case, the conditions for the stability of balanced paths are derived using a recent extension of the Perron-Frobenius Theorem provided by Evstigneev & Pirogov (2010) and Babaei, Evstigneev & Pirogov (2018).

     
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    Language: English
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    Format: Online
    Other identifier:
    hdl: 10419/201642
    Edition: Version: June 4, 2019
    Series: Working papers / Center for Mathematical Economics ; 617 (June 2019)
    Subjects: balanced growth; stability; stochastic balanced expansion; random fixed points; Perron-Frobenius solution
    Scope: 1 Online-Ressource (circa 24 Seiten), Illustrationen
  11. Optimal destabilization of cartels
    Author: Auer, Ludwig von; Tu Anh Pham
    Published: [2019]
    Publisher:  Universität Trier, Trier

    The literature on cartel stability sidelines antitrust policy, whereas the literature on antitrust policy tends to neglect issues of cartel stability. This paper attempts to connect these two interrelated aspects in the context of an augmented... more

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    The literature on cartel stability sidelines antitrust policy, whereas the literature on antitrust policy tends to neglect issues of cartel stability. This paper attempts to connect these two interrelated aspects in the context of an augmented quantity leadership model. The cartel is the Stackelberg quantity leader and the fringe firms are in Cournot competition with respect to the residual demand. The antitrust authority decides on its own investigative effort and on the size of the fine that cartel members have to pay when they are detected. For testifying cartel members a leniency program is implemented. Our framework takes into account that these antitrust policy instruments are not costless for society. Our model demonstrates that the optimal antitrust policy exploits the inherent instability of a cartel to reduce its size.

     
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    Source: Union catalogues
    Language: English
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    Other identifier:
    hdl: 10419/207039
    Series: Research papers in economics ; no. 19, 7
    Subjects: antitrust; stability; Cournot fringe; oligopoly; leniency
    Scope: 1 Online-Ressource (circa 33 Seiten), Illustrationen
  12. The linear systems approach to linear rational expectations models
    Author: Sadoon, Majid M. al-
    Published: January 31, 2016
    Publisher:  [Universitat Pompeu Fabra, Department of Economics and Business], [Barcelona]

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    Series: [Working papers / Universitat Pompeu Fabra, Department of Economics and Business ; 1511]
    Subjects: Rational expectations; linear systems; Wiener-Hopf factorization; vector autoregressive processes; block triangular system; stability; cointegration
    Scope: 1 Online-Ressource (circa 44 Seiten), Illustrationen
  13. Non-revelation mechanisms for many-to-many matching
    equilibria versus stability
    Author: Klaus, Bettina; Klijn, Flip
    Published: April 1, 2016
    Publisher:  Université de Lausanne, Faculté des hautes études commerciales (HEC), Département d'économétrie et économie politique, Lausanne

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    Source: Union catalogues
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    Format: Online
    Series: Cahiers de recherches économiques ; 16.07
    Subjects: matching; mechanisms; stability; substitutability
    Scope: 1 Online-Ressource (12 Seiten)
  14. Equilibria of deferred acceptance with complete lists
    Author: Klaus, Bettina; Klijn, Flip
    Published: April 1, 2016
    Publisher:  Université de Lausanne, Faculté des hautes études commerciales (HEC), Département d'économétrie et économie politique, Lausanne

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    Series: Cahiers de recherches économiques ; 16.08
    Subjects: matching; stability; complete lists; Nash equilibria
    Scope: 1 Online-Ressource (10 Seiten)
  15. Stability in a network economy
    the role of institutions
    Author: Gilles, Robert Paul; Lazarova, Emiliya A.; Ruys, Pieter H. M.
    Published: 2015
    Publisher:  CIRIEC, Liège

    We consider an economy in which agents are embedded in a network of potential value-generating relationships. Agents are assumed to be able to participate in three types of economic interactions: Autarkic self-provision; bilateral interaction; and... more

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    We consider an economy in which agents are embedded in a network of potential value-generating relationships. Agents are assumed to be able to participate in three types of economic interactions: Autarkic self-provision; bilateral interaction; and multilateral collaboration. We introduce two stability concepts and provide sufficient and neccessary conditions on the networks structure that guarantee existence, both in the absence of externalities from cooperation as well as under crowding conditions. We show that institutions such as socioeconomic roles and hierachical leadership structures are neccessary for stability. In particular, the stability of more complex economic outcomes requires more stringent restrictions on the underlying network which imply more complex institutional rules that govern economic interactions. Thus, we provide support for the theory of co-evolution of institutions and economic outcomes.

     
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    Other identifier:
    hdl: 11159/54
    Series: Working paper / CIRIEC ; 2015/01
    TILEC discussion paper ; 2014-036
    Subjects: Network economies; Economic outcomes; stability
    Scope: Online-Ressource (43 S.), graph. Darst.
  16. The equitable top trading cycles mechanism for school choice
    Author: Hakimov, Rustamdjan; Kesten, Onur
    Published: 2014
    Publisher:  WZB, Berlin

    A particular adaptation of Gale's top trading cycles procedure to school choice, the so-called TTC mechanism, has attracted much attention both in theory and practice due to its superior efficiency and incentive features. We discuss and introduce... more

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    A particular adaptation of Gale's top trading cycles procedure to school choice, the so-called TTC mechanism, has attracted much attention both in theory and practice due to its superior efficiency and incentive features. We discuss and introduce alternative adaptations of Gale's original procedure that can offer improvements over TTC in terms of equity along with various other distributional considerations. Instead of giving all the trading power to those students with the highest priority for a school, we argue for the distribution of the trading rights of all slots of each school among those who are entitled to a slot at that school, allowing them to trade in a thick market where additional constraints can be accommodated. We propose a particular mechanism of this kind, the Equitable Top Trading Cycles (ETTC) mechanism, which is also Pareto efficient and strategy-proof just like TTC and eliminates justified envy due to pairwise exchanges. Both in simulations and in the lab, ETTC generates significantly fewer number of justified envy situations than TTC.

     
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    Other identifier:
    hdl: 10419/104065
    Series: Discussion paper / Social Science Research Center Berlin (WZB), Research Area Markets and Choice, Research Unit Market Behavior ; SP II 2014-210
    Subjects: School choice; stability; top trading cycles
    Scope: Online-Ressource (40 S.), graph. Darst.
  17. Stabilität, Wachstum und Well-Being
    wer sind die Champions der Makroökonomie?
    Author: Welsch, Heinz
    Published: 2010
    Publisher:  Univ., Inst. für Volkswirtschaftslehre, Oldenburg

    In diesem Aufsatz wird der ökonometrisch geschätzte Beitrag von Preisniveaustabilität, Beschäftigung und Wachstum zum subjektiven Wohlergehen (Well- Being) verwendet, um einen Erfolgsindex für die makroökonomische Performanz der EU12- Länder im... more

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    DS 487 (329)
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    Universitätsbibliothek Osnabrück
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    In diesem Aufsatz wird der ökonometrisch geschätzte Beitrag von Preisniveaustabilität, Beschäftigung und Wachstum zum subjektiven Wohlergehen (Well- Being) verwendet, um einen Erfolgsindex für die makroökonomische Performanz der EU12- Länder im Zeitraum 1990-2009 zu ermitteln. Durch einen solchen Index wird den makroökonomischen Präferenzen der EU-Bürger Rechnung getragen. Es zeigt sich, dass es über den gesamten Zeitraum eine relativ stabile Spitzengruppe, bestehend aus Luxemburg, den Niederlanden und Dänemark, gab. Dauerhaft zur Schlussgruppe gehörte Spanien, während Griechenland, Italien und Frankreich jeweils in zwei von vier Fünfjahreszeiträumen zur Schlussgruppe gehörten. Im Zeitablauf gab es eine kontinuierliche Verschlechterung der Position Deutschlands, das in der ersten Hälfte der 1990er Jahre zur Spitzen- und im Zeitraum 2005-2009 zur Schlussgruppe gehörte. In geringerem Maß verschlechterte sich die Position Frankreichs und Belgiens, während Großbritannien und Irland ihre Position verbesserten. This paper uses the econometrically estimated contributions of price stability, employment and growth to subjective well-being for an assessment of the macroeconomic performance of the EU12 countries in 1990-2009, thus accounting for the macroeconomic preferences of EU citizens. lt is found that Luxembourg, the Netherlands and Denmark were among the top performers over the entire time horizon. Spain was in the group of worst performing countries over the entire time horizon whereas Greece, Italy and France were among the worst performers in two out of four five-year periods. The position of Germany deteriorated continuously, from being among the top performers in the first half of the 1990s to being among the worst performers in 2005-2009. The positions of France and Belgium deteriorated to a smaller degree, whereas Great Britain and Ireland improved their positions.

     
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    Source: Union catalogues
    Language: German
    Media type: Book
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    Other identifier:
    hdl: 10419/105017
    Series: Array ; 329
    Subjects: Zufriedenheit; Wirkungsanalyse; Preisstabilität; Erwerbstätigkeit; Wirtschaftswachstum; Deutschland; Stabilität; Wachstum; Beschäftigung; Lebenszufriedenheit; Erfolgsindex; stability; growth; employment; life satisfaction; performance index
    Scope: Online-Ressource (18 S.), graph. Darst.
  18. Global environmental agreements and international trade
    asymmetry of countries matters
    Author: Eichner, Thomas; Pethig, Rüdiger
    Published: Nov. 2014
    Publisher:  Univ., Fachbereich Wirtschaftswiss., Wirtschaftsinformatik und Wirtschaftsrecht, Siegen

    We investigate the formation of global climate agreements (= stable grand climate coalitions) in a model, in which climate policy takes the form of carbon emission taxation and fossil fuel and consumption goods are traded on world markets. We expand... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 46 (170)
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    We investigate the formation of global climate agreements (= stable grand climate coalitions) in a model, in which climate policy takes the form of carbon emission taxation and fossil fuel and consumption goods are traded on world markets. We expand the model of Eichner and Pethig (2014) by considering countries that are identical within each of two groups but differ across groups with respect to climate damage or fossil fuel demand. Our numerical analysis suggests that climate damage asymmetry tends to discourage cooperation in the grand coalition. The effects of fuel-demand asymmetry depend on fossil fuel abundance. If fuel is very abundant, the grand coalition fails to be stable independent of the degree of fuel demand asymmetry. If fuel is sufficiently scarce, low degrees of fuel demand asymmetry discourage cooperation whereas higher degrees of asymmetry stabilize the grand coalition.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/108831
    Series: Volkswirtschaftliche Diskussionsbeiträge / Universität Siegen, Fachbereich Wirtschaftswissenschaften Wirtschaftsinformatik und Wirtschaftsrecht ; 170
    Subjects: fuel demand; climate damage; international trade; asymmetry; stability; grand coalition
    Scope: Online-Ressource (34 S.), graph. Darst.
  19. How has the crisis of 2008 - 2009 affected subjective well-being?
    Author: Welsch, Heinz; Kühling, Jan
    Published: 2011
    Publisher:  Univ., Inst. für Volkswirtschaftslehre, Oldenburg

    Results of life satisfaction regressions for more than 91,000 individuals are used to investigate how the macroeconomic crisis of 2008-2009 has affected subjective well-being (SWB) in 30 OECD countries. In a number of countries, the effect of the... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 487 (330)
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    Location:
    Universitätsbibliothek Osnabrück
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    Results of life satisfaction regressions for more than 91,000 individuals are used to investigate how the macroeconomic crisis of 2008-2009 has affected subjective well-being (SWB) in 30 OECD countries. In a number of countries, the effect of the crisis on a representative person's SWB is of a similar magnitude as the effects of the most important personal life events. Our findings highlight the importance of GDP fluctuations for SWB.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/105018
    Series: Array ; 330
    Subjects: Zufriedenheit; Lebensqualität; Wirtschaftskrise; OECD-Staaten; macroeconomic crisis; growth; stability; subjective well-being
    Scope: Online-Ressource (6, 2 S.)
  20. Global environmental agreements and international trade
    asymmetry of countries matters
    Author: Eichner, Thomas; Pethig, Rüdiger
    Published: 2014
    Publisher:  CESifo, München

    We investigate the formation of global climate agreements (= stable grand climate coalitions) in a model, in which climate policy takes the form of carbon emission taxation and fossil fuel and consumption goods are traded on world markets. We expand... more

    Location:
    Staats- und Universitätsbibliothek Bremen
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    Location:
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    Inter-library loan:
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 63 (5051)
    Inter-library loan:
    No inter-library loan

     

    We investigate the formation of global climate agreements (= stable grand climate coalitions) in a model, in which climate policy takes the form of carbon emission taxation and fossil fuel and consumption goods are traded on world markets. We expand the model of Eichner and Pethig (2014) by considering countries that are identical within each of two groups but differ across groups with respect to climate damage or fossil fuel demand. Our numerical analysis suggests that climate damage asymmetry tends to discourage cooperation in the grand coalition. The effects of fuel-demand asymmetry depend on fossil fuel abundance. If fuel is very abundant, the grand coalition fails to be stable independent of the degree of fuel demand asymmetry. If fuel is sufficiently scarce, low degrees of fuel demand asymmetry discourage cooperation whereas higher degrees of asymmetry stabilize the grand coalition.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/105098
    Series: Array ; 5051
    Subjects: fuel demand; climate damage; international trade; asymmetry; stability; grand coalition
    Scope: Online-Ressource (34 S.), graph. Darst.
  21. Fiscal targeting rules and macroeconomic stability under distortionary taxation
    Author: Reicher, Claire A.
    Published: 2014
    Publisher:  Kiel Inst. for the World Economy, Kiel

    While European countries have engaged in a debate about fiscal policy rules, little is known about the ability of these rules to ensure stable debt and output paths when taxes are distortionary, particularly in a small open economy. In this... more

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    Staats- und Universitätsbibliothek Bremen
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    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    Location:
    Leibniz-Institut für Wirtschaftsforschung Halle, Bibliothek
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    Location:
    Universitätsbibliothek Kiel, Zentralbibliothek
    Signature:
    EWP 1
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 3 (1968)
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    While European countries have engaged in a debate about fiscal policy rules, little is known about the ability of these rules to ensure stable debt and output paths when taxes are distortionary, particularly in a small open economy. In this situation, it turns out that the interaction between a fiscal rule and output may affect whether or not fiscal policy is stabilizing, or "passive", in equilibrium. For instance, under moderate debt-multiplier combinations, a debt-GDP targeting rule can result in instability, while a debt-level targeting rule, irrespective of GDP, can result in stability. A primary deficit target may result in instability for the debt but stability for output, while a total deficit target can result in stability for both debt and output. A fiscal reaction function similar to those found in the macro literature may result in stability for certain parameter values, so long as the response of fiscal policy to the past debt level is strong enough to overcome the interactions among fiscal policy, output, and interest rates. Furthermore, under certain conditions, optimal policy mimics a fiscal reaction function with a moderate degree of business cycle stabilization policy.

     
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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/103771
    Edition: This version: September 30, 2014
    Series: Kiel working paper ; 1968
    Subjects: Fiscal rule; fiscal reaction function; deficits; stability; instability
    Scope: Online-Ressource (34 S.)
  22. Rank gaps and the size of the core for roommate problems
    Author: Jaramillo, Paula; Kayı, Çaǧatay; Klijn, Flip
    Published: February 2017
    Publisher:  GSE, Graduate School of Economics, Barcelona

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Barcelona GSE working paper series ; no 956
    Subjects: matching; roommate problem; stability; core; rank gap; bound
    Scope: 1 Online-Ressource (circa 20 Seiten)
  23. School choice
    Nash implementation of stable matchings through rank-priority mechanisms
    Author: Jaramillo, Paula; Kayı, Çaǧatay; Klijn, Flip
    Published: March 2017
    Publisher:  GSE, Graduate School of Economics, Barcelona

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Barcelona GSE working paper series ; no 957
    Subjects: school choice; rank-priority mechanisms; stability; Nash implementation
    Scope: 1 Online-Ressource (circa 30 Seiten)
  24. Reaching market equilibrium merely by bilateral barters
    Author: Flåm, Sjur D.
    Published: 2013
    Publisher:  CESifo, München

    Motivated by emission and resource markets, this paper considers repeated, bilateral barters between owners of commodity bundles, contingent claims, or property rights. Focus is on feasible, voluntary exchanges, driven only by differences in... more

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    Staats- und Universitätsbibliothek Bremen
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    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 63 (4504)
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    Motivated by emission and resource markets, this paper considers repeated, bilateral barters between owners of commodity bundles, contingent claims, or property rights. Focus is on feasible, voluntary exchanges, driven only by differences in substitution rates. No coordination is ever needed. The modelling complies with adaptive learning, behavioral economics, and decentralized decision-making. Presuming transferable utility, the paper provides sufficient conditions for convergence to market equilibrium. It is expedient that some parties have differentiable objectives or make strictly feasible choices.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/89651
    RVK Categories: QB 910
    Series: Array ; 4504
    Subjects: bilateral exchange; market equilibrium; transferable utility; common price; supergradients; stability; convergence
    Scope: Online-Ressource (27 S.)
  25. Unconventional monetary policy and money demand
    Author: Dreger, Christian; Wolters, Jürgen
    Published: 2014
    Publisher:  DIW, Berlin

    This paper investigates the usefulness of the money demand relationship in times of unconventional monetary policies by cointegration methods. In contrast to the bulk of the literature, evidence in favour of a stable long run money demand function is... more

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    Leibniz-Institut für Wirtschaftsforschung Halle, Bibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 14 (1382)
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    This paper investigates the usefulness of the money demand relationship in times of unconventional monetary policies by cointegration methods. In contrast to the bulk of the literature, evidence in favour of a stable long run money demand function is presented both for the US and the euro area. Results are based on standard monetary aggregates, i.e. MZM for the US and M3 in case of the euro area. The recent monetary policy shifts towards unconventional measures did not introduce instability in the relationships. The results suggest that money balances are still useful instruments to conduct monetary policy especially in periods where the nominal interest rates are at the zero lower bounds.

     
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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/97487
    Series: Discussion papers / Deutsches Institut für Wirtschaftsforschung ; 1382
    Subjects: Unconventional monetary policy; money demand; stability
    Scope: Online-Ressource (27 S.), graph. Darst.