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This paper sheds light on the real effects of foreign central bank’s degree of inflation aversion in presence of non-atomistic wage setters. It extends the Lippi’s (2003) framework to an open economy and identifies the key strategic mechanisms between mone ...
This paper analyzes housing market boom-bust cycles driven by changes in households' expectations. We explore the role of expectations on productivity and other shocks originating from the housing market, the credit market and the conduct of monetary polic ...
This paper analyzes the relationship between inflation, output and government size by reexamining the time inconsistency of optimal monetary and fiscal policies in a general equilibrium model with staggered timing structure for the acquisition of nominal m ...
The dynamics of sales opportunities can be modelled by a Markov Decision Process. The latter can be solved by using dynamic programming and assigns to each state an optimal action. In this project, states are modelled by the number of opportunities at five ...
Industrial symbiosis (IS) emerged as a self-organizing business strategy among firms that are willing to cooperate to improve their economic and environmental performance. The adoption of such cooperative strategies relates to increasing costs of waste man ...
I develop and analyze a DSGE model of a currency union to revise the question of how to conduct monetary and fiscal policy in countries that share the same currency. In contrast with the previous literature which assumes coordination, this paper analyzes t ...
Large-scale events like the 2008 UEFA European Football Championship (commonly referred to as the Euro) put a great deal of strain on the cities that host them, forcing them to find a provisional balance between the pursuit of everyday activities and the a ...
E-Government is often conceived as the next logical step after public sector reform. However, the implications of this step are not always acknowledged. In this paper, I will first recall, how exactly e-government follows the various public sector reform e ...
The American Association for Computing Machinery2009
In Switzerland, as in many other OECD countries, transportation and housing are responsible for the major part of greenhouse gas (GHG) emissions. In the framework of the assessment of the policies envisaged in Switzerland for the revision of the CO2-Law fo ...
A two area dynamic stochastic general equilibrium model is employed to investigate the welfare implications of losing monetary independence. Two policy regimes are compared: (i) in one area there is a common currency, while in the other area countries stil ...
