Concept

Output gap

Related publications (7)

Monopsony with nominal rigidities: An inverted Phillips Curve

With nominal wage rigidities, it is crucial to distinguish whether wages are set by workers or firms — whether we have monopoly or monopsony power. This paper provides a model of monopsony power in the labour market and a monopsonistic Phillips Curve. If w ...

2020

Welfare effects of technology-based climate policies in liberalized electricity markets: seeing beyond total system cost

Philippe Thalmann, Frank Vöhringer, Sophie Maire

This paper is a contribution to assessing the Swiss energy transition, with an emphasis on the consequences of decommissioning the nuclear power plants for the electricity market and the whole economy. We expect that increased renewable generation and dema ...

2019

The influence of industry downturns on the propensity of product versus process innovation

Christopher Tucci, Cristiano Zazzara

This article sheds light on how industry fluctuations affect firms' propensity to innovate. We test two seemingly conflicting arguments that suggest how firms are more or less inclined to engage in innovation activities during industry fluctuations. By stu ...

Oxford University Press2014

The Political Economy of Climate Policy

Alexandra Quandt

The topic of the here presented work is the influence of firms on climate policy. This thesis analyses the impact of firms’ influence on the acceptance of climate policy, its effectiveness, and implementation. Hereby, the mediation of private interest is u ...

EPFL2012

The impact of fiscal-monetary policy interactions on government size and macroeconomic performance

Vincenzo Cuciniello

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 ...

2009

SU(2) approach to the pseudogap phase of high-temperature superconductors: Electronic spectral functions

Samuel Bieri

We use an SU(2) mean-field theory approach with input from variational wave functions of the t-J model to study the electronic spectra in the pseudogap phase of cuprates. In our model, the intermediate-temperature state of underdoped cuprates is realized b ...

2009

Monetary-Fiscal Interactions with a Conservative Central Bank

Luisa Lambertini

Abstract We study macroeconomic stabilization when monetary and fiscal policies interact via their effects on output and inflation and the monetary authority is more conservative than the fiscal. We find that monetary- fiscal interactions result in poor ma ...

2006

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