Concept

Nominal rigidity

Related publications (32)

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Monetary-Labor Interactions, International Monetary Regimes, and Central Bank Conservatism

Vincenzo Cuciniello

A two-country general equilibrium model with large wage setters and conservative monetary authorities is employed to investigate the welfare implications of three international monetary regimes: i) non-cooperative, ii) cooperative, and iii) monetary union. ...

Center for Fiscal Policy Working Paper Series2009

Macroeconomic interdependence under collective wage bargaining

Vincenzo Cuciniello

This paper uses a two-country, sticky-price model with non-atomistic wage setters to study the role of collective wage bargaining in the propagation of monetary shocks. I find that the welfare transmissions of a monetary expansion are reinforced by differe ...

Center for Fiscal Policy Working Paper Series2009

International monetary policy cooperation revisited: conservatism and non-atomistic wage setting

Vincenzo Cuciniello

This paper presents a simple model of policy coordination in line with the New Open Economy Macroeconomics literature. I extent the analysis on non-cooperative toward cooperative solutions by incorporating a collective wage bargaining system and conservati ...

Center for Fiscal Policy Working Paper Series2009

The welfare effect of foreign monetary conservatism with non-atomistic wage setters

Vincenzo Cuciniello

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 ...

Center for Fiscal Policy Working Paper Series2009

Is U.S. Fiscal Policy Optimal?

Luisa Lambertini

We find and compare two simple fiscal rules. The first is a theoretical rule that approximates well Ramsey-optimal fiscal policy in a DSGE model calibrated to the U.S. economy over the period 1955:1 to 2007:3. The second is an empirical rule that approxima ...

Center for Fiscal Policy Working Paper Series2008

Optimal Fiscal Policy in a Monetary Union

Luisa Lambertini

We study optimal fiscal policy in a monetary union where monetary policy is decided by an independent central bank. We consider a two-country model with trade in goods and assets, augmented with sticky prices, labor income taxes and stochastic government c ...

Center for Fiscal Policy Working Paper Series2007

Batch process optimization via run-to-run constraints adaptation

Dominique Bonvin, Benoît Chachuat, Alejandro Gabriel Marchetti

In the batch process industry, the available models carry a large amount of uncertainty and can seldom be used to directly optimize real processes. Several measurement-based optimization methods have been proposed to deal with model mismatch and process di ...

2007

Mild Oxidative One-Carbon Homologation of Aldehyde to Amide

Jieping Zhu

One-carbon homologation of aldehyde into amide is realized in one-pot by its reaction with potassium alpha -(p-methoxyphenyl)-alpha -isocyano acetic acid and hydrochloride salt of dimethylamine in toluene at room temp. followed by acidic workup. In this mu ...

2005

Test results of a 10 kA current lead using Ag/Au cladded Bi-2212 tubes

Rainer Wesche, Félix Roth

In the frame of the European Fusion Technology Programme, the Forschungszentrum Karlsruhe (FZK) and the Centre de Recherches en Physique des Plasmas (CRPP) are developing a 70 kA current lead for the toroidal field coils of the International Thermonuclear ...

2002

Critical current test results of 13 T-46 kA Nb3Al cable-in-conduit conductor

Pierluigi Bruzzone

In the framework of ITER-EDA, a 13 T-46 kA Nb3Al conductor with stainless steel jacket has been developed in order to demonstrate applicability of an Nb3Al conductor with react-and-wind technique to ITER-TF coils. Using a 3.5 m sample consisting of a pair ...

2002