Results 101 to 110 of about 79,210 (220)
The Role of Labour Market Institutions in Shaping Euro Area Monetary Policy Transmission
ABSTRACT We examine how labour market institutions shape monetary policy transmission in euro area countries. A theoretical model suggests that higher union density flattens the Phillips curve, amplifying output responses while dampening the inflation effects of monetary shocks. This is empirically confirmed using an interacted panel VAR.
Maximilian Boeck, Christian Glocker
wiley +1 more source
Modern Democratic Left and Economic Crisis
Political left, notably social democracy, implies acceptance of market economy and parliamentary democracy, as a political framework within which the interests of large sections of the population could be preserved.
Dubravko Radošević
doaj
The elusive welfare economics of price stability as a monetary policy objective: why New Keynesian central bankers should validate core inflation [PDF]
The paper studies the inflation rate associated with optimal monetary and fiscal policy in a number of standard dynamic stochastic general equilibrium models with nominal price rigidities.
Buiter, Willem H.
core
ABSTRACT Despite a growing awareness of the interrelation of environmental and social sustainability issues and the need to tackle them in integrated ways, few efforts have been made to develop an analytical framework of eco‐social policy integration.
Jana Brandl
wiley +1 more source
Philosophy of economics: the analysis of alternative directions
Alternative directions in modern economic theory assume philosophical justification. The paper provides methodological analysis of the following alternative directions in economics: the new Austrian school, modern institutionalism, radical political ...
Gerashchenko Igor Germanovich
doaj
ABSTRACT Using data from a long‐term survey of senior civil servants (1970–2021), this study investigates the declining share of jurists in federal ministerial departments in Germany. The mechanisms driving this trend and its subsequent effects are discussed from an organizational perspective, highlighting the influence of environmental pressure and ...
Marian Döhler
wiley +1 more source
Fiscal policy and economic activity: new causal evidence
Abstract Utilizing a quasi‐natural experiment design, we identify an exogenous cut in local taxes accompanied by an equivalent reduction in local government spending, and we estimate the impact of these exogenous changes on income. We exploit a unique regional dataset that combines local income data with local voting outcomes on current expense tax ...
David M. Brasington, Marios Zachariadis
wiley +1 more source
ABSTRACT This study examines why Japan's social care reforms of the early 1970s led to a generous elderly care system but only modest and narrowly targeted support for children. Although child allowances and free medical care for the elderly were introduced almost simultaneously, they followed sharply divergent paths.
Ryotaro Takahashi
wiley +1 more source
Post-Chicago Law and Economics [PDF]
This is not another law-and-econ bashing symposium. Nor is the symposium\u27s title intended to denigrate Chicago School law and economics any more than the term Post-Keynesian economics was intended to denigrate the work of John Maynard Keynes ...
Barnett, Randy E
core +1 more source
From Hurricane Irma to the Grindavík eruptions: volatility premiums in disaster governance
Abstract Environmental volatility can inflate property values even as it destroys them. To show how, this article pairs a postcolonial micro‐state in the Caribbean (Sint Maarten after Hurricane Irma) with a Nordic welfare town (Grindavík in Iceland following volcanic eruptions) because they occupy the opposite ends of the governance capacity spectrum ...
Thor Björnsson
wiley +1 more source

