Kiel Working Papers

From Kiel Institute for the World Economy (IfW Kiel)
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1380: Distribution matters: Taxes vs. emissions trading in post Kyoto climate regimes

Sonja Peterson and Gernot Klepper

1379: Human capital depreciation during family-related career interruptions in male and female occupations

Dennis Görlich and Andries de Grip

1378: The macroeconomics of the labor market: Three fundamental views

Marika Karanassou, Hector Sala and Dennis J. Snower

1377: Monetary policy committee size and inflation volatility

Szilárd Erhart, Harmen Lehment and Jose Luis Vasquez-Paz

1376: Selfish-biased conditional cooperation: On the decline of contributions in repeated public goods experiments

Tibor Neugebauer, Javier Perote, Ulrich Schmidt and Malte Loos

1375: Foreign direct investment in post-reform India: Likely to work wonders for regional development?

Peter Nunnenkamp and Rudi Stracke

1374: Does foreign direct investment promote regional development in developed countries? A Markov chain approach for US states

Eckhardt Bode and Peter Nunnenkamp

1373: What Explains Persistent Inflation Differentials Across Transition Economies?

Felix Hammermann and Mark Flanagan

1372: Institutions and training inequality

Wolfgang Lechthaler and Dennis J. Snower

1371: Optimal sequencing of antiretroviral drug cocktails under uncertainty and irreversibility

Mintewab Bezabih and Michael Stolpe

1370: A National Systems View of University Development: Towards a Broadened Perspective on the Entrepreneurial University Based on the German and US Experience

Mark Lehrer, Phillip Nell and Lisa Gärber

1369: Sticky Information vs. Sticky Prices: A Horse Race in a DSGE Framework

Mathias Trabandt

1368: Inflation Dynamics and Labor Market Dynamics Revisited

Tommy Sveen and Lutz Weinke

1367: Global Factors, Unemployment Adjustment and the Natural Rate

Ronald Smith and Gylfi Zoega

1366: Monetary Policy Transmission and the Phillips Curve in a Global Context

Ronald Smith and Mohammad Pesaran

1365: Learning, Sticky Inflation, and the Sacrifice Ratio

John Roberts

1364: Measuring changes in the value of the numeraire

Ricardo Reis and Mark Watson

1363: Flattening of the Short-run Trade-off between Inflation and Domestic Activity: The Analytics of the Effects of Globalization

Assaf Razin and Alon Binyamini

1362: Vacancies, Unemployment, and the Phillips Curve

Federico Ravenna and Carl Walsh

1361: Basic Calvo and P-Bar Models of Price Adjustment: A Comparison

Bennett McCallum

1360: Real wages and monetary policy transmission in the euro area

Andrew McCallum and Frank Smets

1359: Phillips-Curve Dynamics: Mark-Up Cyclicality, Effective Hours and Regime-Dependency

Peter McAdam and Alpo Willman

1358: Endogenous Indexing and Monetary Policy Models

Richard Mash

1357: Asymmetric Expectation Effects of Regime Shifts and the Great Moderation

Zheng Liu, Daniel Waggoner and Tao Zha

1356: Asymmetric Price Adjustment in the Small

Daniel Levy, Haipeng (Allan) Chen, Sourav Ray and Mark Bergen

1355: Strategic Complementarities and Optimal Monetary Policy

Andrew Levin, David Lopez-Salido and Tack Yun

1354: Changes in the Balance of Power Between the Wage and Price Setters and the Central Bank: Consequences for the Phillips Curve and the NAIRU

Jürgen Kromphardt and Camille Logeay

1353: Do Search Frictions Matter for Inflation Dynamics?

Michael Krause, David Lopez-Salido and Thomas A. Lubik

1352: Regular Adjustment: Theory and Evidence

Jerzy Konieczny and Fabio Rumler

1351: When Inflation Persistence Really Matters: Two examples

Tatiana Kirsanova, David Vines and Simon Wren-Lewis

1350: The evolution of inflation and unemployment: Explaining the roaring nineties

Marika Karanassou, Hector Sala and Dennis J. Snower

1349: Inflation persistence and the Philips curve revisited

Marika Karanassou and Dennis J. Snower

1348: Is forward-looking inflation targeting destabilizing? The role of policy's response to current output under endogenous investment

Kevin Huang and Qinglai Meng

1347: Distance to Frontier and the Big Swings of the Unemployment Rate: What Room is Left for Monetary Policy?

Hian Hoon and Kong Weng Ho

1346: Hyperbolic discounting and the Phillips curve

Liam Graham and Dennis J. Snower

1345: International Adjustment in the New Neoclassical Synthesis

Marvin Goodfriend

1344: The Phillips Curve and NAIRU Revisited: New Estimates for Germany

Bernd Fitzenberger, Wolfgang Franz and Oliver Bode

1343: Robustness and Real Consequences of Nominal Wage Rigidity

Ernst Fehr and Lorenz Götte

1342: Testing Price Equations

Ray C. Fair

1341: Liquidity Traps, Learning and Stagnation

George Evans, Eran Guse and Seppo Honkapohja

1340: Adjustment Costs, Inventories and Output

Leif Danziger

1339: Inflation Expectations, the Phillips Curve and Monetary Policy

Fabien Curto Millet

1338: Fiscal Policy, Labor Unions, Competitiveness and Monetary Institutions: Their Long Run Impact on Unemployment, Inflation and Welfare

Alex Cukierman and Alberto Dalmazzo

1337: Global Inflation

Matteo Ciccarelli and Benoit Mojon

1336: The Impact of Tax, Product and Labour Market Distortions on the Phillips Curve and the Natural Rate of Unemployment

Nikola Bokan and Andrew Hughes Hallett

1335: A New Keynesian Model with Unemployment

Olivier Blanchard and Jordi Galί

1334: Inflation and Unemployment: Lagos-Wright meets Mortensen-Pissarides

Aleksander Berentsen, Guido Menzio and Randall D. Wright

1333: Does Immigration Affect the Phillips Curve? Some Evidence for Spain

Samuel Bentolila, Juan Dolado and Juan F Jimeno

1332: Trend Inflation, Taylor Principle and Indeterminacy

Guido Ascari and Tiziano Ropele

1331: Labour Market Asymmetries in a Monetary Union

Torben M. Andersen and Martin Seneca

1330: What Do Micro Price Data Tell Us on the Validity of the New Keynesian Phillips Curve?

Luis Alvarez

1329: Monetary Policy and Swedish Unemployment Fluctuations

Annika Alexius and Bertil Holmlund

1328: FDI in Mexico: An empirical assessment of employment effects

Peter Nunnenkamp and José Eduardo Alatorre Bremont

1327: Einstellungsgutscheine: Konkrete Ausgestaltung für Deutschland

Alfred Boss, Alessio Brown, Christian Merkl and Dennis J. Snower

1326 [rev.]: Long-run inflation-unemployment dynamics: The Spanish Phillips curve and economic policy

Marika Karanassou, Hector Sala and Dennis J. Snower

1326: Long-run inflation-unemployment dynamics: The Spanish Phillips curve and economic policy

Marika Karanassou, Hector Sala and Dennis J. Snower

1325 [rev.]: Beschäftigungskonten für Deutschland

Alfred Boss, Alessio Brown and Dennis J. Snower

1325: Beschäftigungskonten für Deutschland

Alfred Boss, Alessio Brown and Dennis J. Snower

1324: Finanzpolitik und Produktionspotential in Deutschland

Alfred Boss

1323: Modeling linkages between climate policy and land use: an overview

Edwin van der Werf and Sonja Peterson

1322: Nonmonetary Determinants of Inflation in Romania: A Decomposition

Felix Hammermann

1321 [rev.]: Costs of climate change: The effects of rising temperatures on health and productivity

Michael Hübler, Gernot Klepper and Sonja Peterson

1321: Costs of climate change: The effects of rising temperatures on health and productivity

Michael Hübler, Gernot Klepper and Sonja Peterson

1320: A simple model of outsourcing with Cournot competition

Michael Hübler

1319: Shifts in the inflation target and communication of central bank forecasts

Mewael F. Tesfaselassie

1318: Is core money growth a good and stable inflation predictor in the euro area?

Kai Carstensen

1317: The impact of new drug launches on the loss of labor from disease and injury: evidence from German panel data

Thi Mai Van Bui and Michael Stolpe

1316: Production Functions for Climate Policy Modeling: An Empirical Analysis

Edwin van der Werf

1315: Two views on institutions and development: The grand transition vs. the primacy of institutions

Martin Paldam and Erich Gundlach

1314: Boda bodas rule: Non-agricultural activities and their inequality implications in Western Kenya

Jann Lay, George Michuki M'Mukaria and Toman Omar Mahmoud

1313: Finanzhilfen des Bundes: Eine Aktualisierung

Astrid Rosenschon

1312: Real wage rigidities and the cost of disinflations: A comment on Blanchard and Galí

Guido Ascari and Christian Merkl

1311: Regional labor markets, network externalities and migration: the case of German reunification

Harald Uhlig

1310: Explaining the East German productivity gap: the role of human capital

Joachim Ragnitz

1309 [rev.]: Escaping the unemployment trap: The case of East Germany

Christian Merkl and Dennis J. Snower

1308: Active labour market policy in East Germany: waiting for the economy to take off

Conny Wunsch and Michael Lechner

1307: Explaining the low labor productivity in East Germany: a spatial analysis

Rima Izem and Nicola Fuchs-Schündeln

1306: What kind of shock was it? Regional integration and structural change in Germany after unification

Michael Burda

1305: The health gradient and early retirement: Evidence from the German Socio-economic Panel

Gisela Hostenkamp and Michael Stolpe

1304: Der deutsche Einkommensteuertarif: Weiterhin eine Wachstumsbremse?

Achim Boss, Alfred Boss and Thomas Boss

1303: Banks' regulatory buffers, liquidity networks and monetary policy transmission

Christian Merkl and Stephanie Stolz

1302 [rev.]: Comparing the effectiveness of employment subsidies

Alessio Brown, Christian Merkl and Dennis J. Snower

1302: Comparing the effectiveness of employment subsidies

Alessio Brown, Christian Merkl and Dennis J. Snower

1301: Steuervergünstigungen in Deutschland: Ist die Finanzpolitik auf dem richtigen Weg?

Alfred Boss

1300: Notes on factor price equality and biased technical change in a two-cone trade model

Daniel Becker and Erich Gundlach

1299: Poolability and the finance-growth nexus: A cautionary note

Stefano Schiavo and Andrea Vaona

1298: Minimum wages and firm training

Wolfgang Lechthaler and Dennis J. Snower

1297: The welfare costs of HIV/AIDS in Eastern Europe: An empirical assessment using the economic value-of-life approach

Julia Fimpel and Michael Stolpe

1296: Aid and growth accelerations: An alternative approach to assess the effectiveness of aid

Jonas Dovern and Peter Nunnenkamp

1295: Macroeconomic aspects of structural labor market reforms in Germany

Jonas Dovern and Carsten-Patrick Meier

1294: The Solow model in the empirics of growth and trade

Erich Gundlach

1293: Service trade liberalization as a handmaiden of competitiveness in manufacturing: An industrialized or developing country issue?

Rolf Langhammer

1292: The effect of low-wage subsidies on skills and employment

Frank Oskamp and Dennis J. Snower

1291: Old Europe's social model: A reason of low growth? The case of Germany

Horst Siebert

1290: Does aid for education educate children? Evidence from panel data

Axel Dreher, Peter Nunnenkamp and Rainer Thiele

1289: Commuting, externalities, and the geographical sizes of metropolitan areas

Eckhardt Bode

1288: International exchange rate systems: Where do we stand?

Horst Siebert

1287: Resource booms, inequality, and poverty: The case of gas in Bolivia

Jann Lay, Rainer Thiele and Manfred Wiebelt

1286: Nonparametric and semi-parametric evidence on the long-run effects of inflation on growth

Andrea Vaona and Stefano Schiavo

1285: Regional evidence on the finance-growth Nexus

Andrea Vaona