Regime-dependent effects of monetary policy shocks. Evidence from threshold vector autoregressions [PDF]
This paper studies regime dependence in the effects of monetary policy shocks for the U.S. using a threshold vector autoregressive model. In a high inflation regime the standard results from the literature obtain.
Martin Mandler
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A Generalized Condorcet Jury Theorem with Two Independent Probabilities of Error [PDF]
The Condorcet Jury Theorem is derived from the implicit assumption that jury members only commit one type of error. If the probability of this error is smaller than 0.5, then group decisions are better than those of individual members. In binary decision
Georg v. Wangenheim, Roland Kirstein
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Makro İhtiyati Politikalara Genel Bir Bakış: Türkiye Örneği
Maliye Çalışmaları DergisiBu çalışma, Türkiye’de 2000–2023 döneminde uygulanan makro ihtiyati politikaların finansal istikrar üzerindeki etkilerini grafiksel göstergeler aracılığıyla analiz etmektedir.
Müge Peştere Akçay
doaj +1 more source
Layoffs in a Recession and Temporary Employment Subsidies when a Recovery is ExpectedLayoffs in a Recession and Temporary Employment Subsidies when a Recovery is Expected [PDF]
Sunk firing costs shelter employment – and this effect is typically amplified by uncertainty due to an option value of waiting. Thus, if sunk firing costs are high, e.g. due to a employment protection legislation, and if recession related losses are with
Matthias Göcke
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Macroeconomic dynamics and inflation regimes in the U.S. Results from threshold vector autoregressions [PDF]
This paper studies regime dependence in macroeconomic dynamics in the U.S. using a threshold vector autoregressive model in which endogenous regime switches are triggered by the inflation rate.
Martin Mandler
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[Recommendations for ethical decision making regarding hospital visitation during the COVID-19 pandemic]. [PDF]
Med Klin Intensivmed Notfmed, 2021 Rogge A +6 more
europepmc +1 more source
The Fixed Wage Puzzle: Why Profit Sharing Is So Hard to Implement [PDF]
It is well known that profit sharing arrangements Pareto-dominate fixed wage contracts. Share agreements are (far) less than ubiquitous, however. This paper offers a solution of this "fixed wage puzzle“ by adopting a perspective of bounded rationality ...
Jochen Michaelis, Jürgen Jerger
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Does the Currency Board Matter? U.S. News and Argentine Financial Market Reaction [PDF]
Using a GARCH model, we study the effects of U.S. monetary policy and macroeconomic announcements on Argentine money, stock, and foreign exchange markets over the period January 1998 to July 2007.
Bernd Hayo, Matthias Neuenkirch
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Asymmetric capital-tax competition, unemployment and losses from capital market integration [PDF]
In a multi-country general equilibrium economy with mobile capital and rigid-wage unemployment, countries may differ in capital endowments, production technologies and rigid wages. Governments tax capital at the source to maximize national welfare.
Frieder Kolleß, Rüdiger Pethig
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