NBER WORKING PAPER SERIES OPTIMAL TIME—CONSISTENT FISCAL POLICY WITH UNCERTAIN LIFETIMES
... Individuals are prohibited from dying in debt, and can borrow only if they simultaneously buy insurance against that contingency. There exist ...
... Individuals are prohibited from dying in debt, and can borrow only if they simultaneously buy insurance against that contingency. There exist ...
1 SWEEZY AND THE MONTHLY REVIEW ON CAPITALISM AND
... discourages new investment), but also analysed key issues of banking and finance in American capitalism, such as the role of the holding company, and the Steindl’s key original concept of ‘forced indebtedness’: the indebtedness arising from firms’ cash flow deficiency. The effect of this was a shift ...
... discourages new investment), but also analysed key issues of banking and finance in American capitalism, such as the role of the holding company, and the Steindl’s key original concept of ‘forced indebtedness’: the indebtedness arising from firms’ cash flow deficiency. The effect of this was a shift ...
Gains from Commitment in Monetary Policy: Implications of the Cost
... to the case in which, due to absence of a cost channel, only a subset of shocks can pose a trade-o¤ between stabilizing in‡ation and stabilizing the output-gap. Consequently, the value of monetary policy commitment increases signi…cantly if a cost channel is present. Quantitative …ndings suggest tha ...
... to the case in which, due to absence of a cost channel, only a subset of shocks can pose a trade-o¤ between stabilizing in‡ation and stabilizing the output-gap. Consequently, the value of monetary policy commitment increases signi…cantly if a cost channel is present. Quantitative …ndings suggest tha ...
A THEORY OF DUAL LABOR MARKETS WITH APPLICATION TO INDUSTRIAL POLICY, DISCRIMINATION
... value of maintaining a job is reduced if future turnover is more likely. The greater the number of primary sector jobs, E1, the higher wages must be to maintain the opportunity cost of losing a job, because the time a worker must spend waiting to return to the primary sector if fired is reduced. Fin ...
... value of maintaining a job is reduced if future turnover is more likely. The greater the number of primary sector jobs, E1, the higher wages must be to maintain the opportunity cost of losing a job, because the time a worker must spend waiting to return to the primary sector if fired is reduced. Fin ...
Social Security and Social Protection in Thailand: results of the
... Introduce news measures such as the necessity to co-pay for non essential services Improve health care supply, HIVsensitiveness of the whole system, Long Term care (aging society) ...
... Introduce news measures such as the necessity to co-pay for non essential services Improve health care supply, HIVsensitiveness of the whole system, Long Term care (aging society) ...
Ingo Schmidt Rosa Luxemburg`s `Accumulation of Capital`: New
... social disasters and convulsions’, the working class has to ‘revolt against the rule of capital’. (AC 447) This implies that labour movements have a choice between seeking cooptation by the capitalist state or fighting against it and the economic system that it represents. ...
... social disasters and convulsions’, the working class has to ‘revolt against the rule of capital’. (AC 447) This implies that labour movements have a choice between seeking cooptation by the capitalist state or fighting against it and the economic system that it represents. ...
America in the 1920s and 1930s Aims and objectives This mod
... The 1920s and 1930s mark a period of distinct contrasts in America. The 1920s was a period of relative prosperity for most Americans, while the 1930s marked the greatest economic depression America has experience to date. This module aims to provide students with an informed understanding of how and ...
... The 1920s and 1930s mark a period of distinct contrasts in America. The 1920s was a period of relative prosperity for most Americans, while the 1930s marked the greatest economic depression America has experience to date. This module aims to provide students with an informed understanding of how and ...
Immigration in Sweden - University of Puget Sound
... democracy were: trust in the government and each other, a strong work ethic, high productivity, and an efficient and honest civil service sector (Norberg, 2006). These qualities were necessary for the initial implementation, as well as the preservation of a social democratic government with a univer ...
... democracy were: trust in the government and each other, a strong work ethic, high productivity, and an efficient and honest civil service sector (Norberg, 2006). These qualities were necessary for the initial implementation, as well as the preservation of a social democratic government with a univer ...
Capitalism and Socialism: A Review of Kornai`s Dynamism
... emocrats for forty years) are not socialist countries but democratic capitalist market economies with sensitivity and responsibility toward social problems. Kornai’s operational definition of socialism is consistent with those of Karl Marx (1875), von Mises (1935), Lange (1936), von Hayek (1944), ...
... emocrats for forty years) are not socialist countries but democratic capitalist market economies with sensitivity and responsibility toward social problems. Kornai’s operational definition of socialism is consistent with those of Karl Marx (1875), von Mises (1935), Lange (1936), von Hayek (1944), ...
Optimal simple and implementable monetary and fiscal rules
... assumptions is particularly compelling for economies like the United States, it is of interest to investigate the characteristics of optimal policy in their absence. Last but not least, more often than not studies of optimal policy in models with nominal rigidities are conducted in cashless environm ...
... assumptions is particularly compelling for economies like the United States, it is of interest to investigate the characteristics of optimal policy in their absence. Last but not least, more often than not studies of optimal policy in models with nominal rigidities are conducted in cashless environm ...
NBER WORKING PAPER SERIES 1900-2003
... nonunion workers essentially paid for the bulk of the improved accident benefits they received under workers’ compensation through indirect adjustments to wages in labor markets. A series of studies summarized in Fishback (1998) found evidence of compensating wage differentials in the U.S. for other ...
... nonunion workers essentially paid for the bulk of the improved accident benefits they received under workers’ compensation through indirect adjustments to wages in labor markets. A series of studies summarized in Fishback (1998) found evidence of compensating wage differentials in the U.S. for other ...
PDF
... mission (FTC) and the Antitrust Division of the Justice Department because of their role in food price inflation. An FTC staff report summarizes recently voiced com plaints about fruit and vegetable orders: There are in marketing orders numerous examples of provisions with anticompetitive potential ...
... mission (FTC) and the Antitrust Division of the Justice Department because of their role in food price inflation. An FTC staff report summarizes recently voiced com plaints about fruit and vegetable orders: There are in marketing orders numerous examples of provisions with anticompetitive potential ...
Rethinking the World War II Economy: The Welfare Effects
... the primary goal but rather a means to their real end, to be discharged from the Army. Thus, when soldiers were asked to name the Four Freedoms for which they were ostensibly at war, only 13 percent could remember as many as three. This low level of interest in the war's purpose might seem odd today ...
... the primary goal but rather a means to their real end, to be discharged from the Army. Thus, when soldiers were asked to name the Four Freedoms for which they were ostensibly at war, only 13 percent could remember as many as three. This low level of interest in the war's purpose might seem odd today ...
Social Welfare Expenditures in the United States
... nonunion workers essentially paid for the bulk of the improved accident benefits they received under workers’ compensation through indirect adjustments to wages in labor markets. A series of studies summarized in Fishback (1998) found evidence of compensating wage differentials in the U.S. for other ...
... nonunion workers essentially paid for the bulk of the improved accident benefits they received under workers’ compensation through indirect adjustments to wages in labor markets. A series of studies summarized in Fishback (1998) found evidence of compensating wage differentials in the U.S. for other ...
Offshoring, Low-skilled Immigration and Labor Market Polarization
... Summary of the paper Model Three-country stochastic growth model: ◦ Home and Foreign (symmetric): traded sector → trade in tasks and endogenous training by households; non-traded sector → only unskill labor (native and immigrant); complementarity in consumption of goods and services; endoge ...
... Summary of the paper Model Three-country stochastic growth model: ◦ Home and Foreign (symmetric): traded sector → trade in tasks and endogenous training by households; non-traded sector → only unskill labor (native and immigrant); complementarity in consumption of goods and services; endoge ...
1 Wolfgang Streeck, Anke Hassel Trade unions as political actorsi 1
... the Anglo-American world (Kendall, 1975). Sweden is the main example of a country where delayed industrial development, with the associated lack of opportunities for a successful pursuit of worker interest through the market, resulted in unions being founded by a political party of the Left rather t ...
... the Anglo-American world (Kendall, 1975). Sweden is the main example of a country where delayed industrial development, with the associated lack of opportunities for a successful pursuit of worker interest through the market, resulted in unions being founded by a political party of the Left rather t ...
Why Did Europe`s Productivity Growth Catch
... Second, which age groups experience lower labor force participation in Europe? Third, how does it come together in the distribution of low E/N by age group? Note: These graphs are for total population by age and blur male/female ...
... Second, which age groups experience lower labor force participation in Europe? Third, how does it come together in the distribution of low E/N by age group? Note: These graphs are for total population by age and blur male/female ...
The Struggles of KCTU against Neoliberal Restructuring after
... 1. The neoliberal restructuring policies of the Kim Dae-Jung regime President Kim Dae-Jung, who won the elections in 1997, advocated 'democratic market reforms'. However, within a short period, it was evident that 'democratic' was merely a political rhetoric and that he was, in fact, a strong advoca ...
... 1. The neoliberal restructuring policies of the Kim Dae-Jung regime President Kim Dae-Jung, who won the elections in 1997, advocated 'democratic market reforms'. However, within a short period, it was evident that 'democratic' was merely a political rhetoric and that he was, in fact, a strong advoca ...
Reflections on the Social Democratic Tradition
... insurance to provide pensions and health care as chancellor of Germany in the 1880s. That said, as emphasized by Gosta Esping-Andersen in his book The Three Worlds of Welfare Capitalism (1990), the social democratic welfare state differs from the liberal and social conservative welfare state in expl ...
... insurance to provide pensions and health care as chancellor of Germany in the 1880s. That said, as emphasized by Gosta Esping-Andersen in his book The Three Worlds of Welfare Capitalism (1990), the social democratic welfare state differs from the liberal and social conservative welfare state in expl ...
chapter 29 government spending
... The level and composition of government spending will always be topics for debate. Decisions about government spending are value judgments, as well as economic decisions. Government spending is more than an instrument of fiscal policy. Even if the economy was always at full employment without inflat ...
... The level and composition of government spending will always be topics for debate. Decisions about government spending are value judgments, as well as economic decisions. Government spending is more than an instrument of fiscal policy. Even if the economy was always at full employment without inflat ...
chapter 14 government spending
... The level and composition of government spending will always be topics for debate. Decisions about government spending are value judgments, as well as economic decisions. Government spending is more than an instrument of fiscal policy. Even if the economy was always at full employment without inflat ...
... The level and composition of government spending will always be topics for debate. Decisions about government spending are value judgments, as well as economic decisions. Government spending is more than an instrument of fiscal policy. Even if the economy was always at full employment without inflat ...
here - Kornai János
... utopia of Marx about the second stage of socialism (“to everybody according to his needs...”). Thus, social welfare states in the West (e.g., Sweden ruled by Social democrats for 40 years) are not socialist countries but democratic capitalist market economies with sensitivity and responsibility towa ...
... utopia of Marx about the second stage of socialism (“to everybody according to his needs...”). Thus, social welfare states in the West (e.g., Sweden ruled by Social democrats for 40 years) are not socialist countries but democratic capitalist market economies with sensitivity and responsibility towa ...
NBER WORKING PAPER SERIES THE WEITZMAN MODEL REVISITED
... In the “one-hoss shay” form of deterioration, an asset retains its full productive capacity up to the date at which is retired from service (thus, the efficiency index equals one until retirement, at which point it drops to zero). The rate of deterioration d(t) is therefore zero until the point of r ...
... In the “one-hoss shay” form of deterioration, an asset retains its full productive capacity up to the date at which is retired from service (thus, the efficiency index equals one until retirement, at which point it drops to zero). The rate of deterioration d(t) is therefore zero until the point of r ...
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... privately or collectively owned, which create most of the economic value-added. Although the organizational structures of enterprises vary greatly among countries at different stages of development, it is entrepreneurship which is behind the creation of jobs, growth and welfare. Empirical data (OECD ...
... privately or collectively owned, which create most of the economic value-added. Although the organizational structures of enterprises vary greatly among countries at different stages of development, it is entrepreneurship which is behind the creation of jobs, growth and welfare. Empirical data (OECD ...