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Publications associées (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 ...
2020Welfare 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 ...
2019The 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 Press2014The Political Economy of Climate Policy
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 ...
EPFL2012The impact of fiscal-monetary policy interactions on government size and macroeconomic performance
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 ...
2009SU(2) approach to the pseudogap phase of high-temperature superconductors: Electronic spectral functions
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 ...
2009Monetary-Fiscal Interactions with a Conservative Central Bank
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