Pareto Improving Monetary Policy In Incomplete Markets
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Pareto Improving Monetary Policy In Incomplete Markets
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Author : Sergio Turner
language : en
Publisher:
Release Date : 2006
Pareto Improving Monetary Policy In Incomplete Markets written by Sergio Turner and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
We show that for generic economies, every equilibrium admits Pareto improving monetary policy, even with multiple commodities per state.The main assumption is that asset incompleteness be intermediate, in that household heterogeneity does not exceed the number of assets present and absent.We argue this as a special case of the general framework in Turner (2003b) for proving the generic existence of Pareto improving taxes.
Pareto Improving Financial Innovation In Incomplete Markets
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Author : David Cass
language : en
Publisher:
Release Date : 1993
Pareto Improving Financial Innovation In Incomplete Markets written by David Cass and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.
Essays On Incomplete Markets
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Author : Jung-moh Chang
language : en
Publisher:
Release Date : 2007
Essays On Incomplete Markets written by Jung-moh Chang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
Pareto Improving Social Security Reform When Financial Markets Are Incomplete
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Author : Dirk Krueger
language : en
Publisher:
Release Date : 2002
Pareto Improving Social Security Reform When Financial Markets Are Incomplete written by Dirk Krueger and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Social security categories.
This paper studies an Overlapping Generations model with stochastic production and incomplete markets to assess whether the introduction of an unfunded social security system can lead to a Pareto improvement. When returns to capital and wages are imperfectly correlated, the consumption variance of all generations can be reduced if government policies enable them to pool labor and capital incomes. A social security system that endows retired households with a claim to labor income may serve as an effective tool to share aggregate risk between generations. Our quantitative analysis shows that, first, abstracting from the crowding-out effect of social security on the aggregate stock in general equilibrium, the introduction of social security does indeed represent a Pareto improving reform, if households are both fairly risk-averse and fairly willing to intertemporally substitute consumption. Second, the severity of the capital crowding-out effect in general equilibrium overturns these gains for degrees of risk aversion and intertemporal elasticity of substitution commonly used in the literature
On Generic Pareto Improvement In Competitive Economies With Incomplete Asset Structures
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Author : Alessandro Citanna
language : en
Publisher:
Release Date : 1993
On Generic Pareto Improvement In Competitive Economies With Incomplete Asset Structures written by Alessandro Citanna and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.
The Role Of Fiscal Policy In An Incomplete Markets Framework
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Author : Charles P. Thomas
language : en
Publisher:
Release Date : 1993
The Role Of Fiscal Policy In An Incomplete Markets Framework written by Charles P. Thomas and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Fiscal policy categories.
Pareto Improving Financial Innovation In Incomplete Markets
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Author : David Cass
language : en
Publisher:
Release Date : 1993
Pareto Improving Financial Innovation In Incomplete Markets written by David Cass and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.
Theory Of Incomplete Markets
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Author : Michael Magill
language : en
Publisher: MIT Press
Release Date : 2002
Theory Of Incomplete Markets written by Michael Magill and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
Theory of incompl. markets/M. Magill, M. Quinzii. - V.1.
Markets State And People
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Author : Diane Coyle
language : en
Publisher: Princeton University Press
Release Date : 2020-01-14
Markets State And People written by Diane Coyle and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-01-14 with Business & Economics categories.
A textbook that examines how societies reach decisions about the use and allocation of economic resources While economic research emphasizes the importance of governmental institutions for growth and progress, conventional public policy textbooks tend to focus on macroeconomic policies and on tax-and-spend decisions. Markets, State, and People stresses the basics of welfare economics and the interplay between individual and collective choices. It fills a gap by showing how economic theory relates to current policy questions, with a look at incentives, institutions, and efficiency. How should resources in society be allocated for the most economically efficient outcomes, and how does this sit with society’s sense of fairness? Diane Coyle illustrates the ways economic ideas are the product of their historical context, and how events in turn shape economic thought. She includes many real-world examples of policies, both good and bad. Readers will learn that there are no panaceas for policy problems, but there is a practical set of theories and empirical findings that can help policymakers navigate dilemmas and trade-offs. The decisions faced by officials or politicians are never easy, but economic insights can clarify the choices to be made and the evidence that informs those choices. Coyle covers issues such as digital markets and competition policy, environmental policy, regulatory assessments, public-private partnerships, nudge policies, universal basic income, and much more. Markets, State, and People offers a new way of approaching public economics. A focus on markets and institutions Policy ideas in historical context Real-world examples How economic theory helps policymakers tackle dilemmas and choices
Strategies For Monetary Policy
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Author : John H. Cochrane
language : en
Publisher: Hoover Press
Release Date : 2020-05-01
Strategies For Monetary Policy written by John H. Cochrane and has been published by Hoover Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-01 with Business & Economics categories.
As the Federal Reserve System conducts its latest review of the strategies, tools, and communication practices it deploys to pursue its dual-mandate goals of maximum employment and price stability, Strategies for Monetary Policy—drawn from the 2019 Monetary Policy Conference at the Hoover Institution—emerges as an especially timely volume. The book's expert contributors examine key policy issues, offering their perspectives on US monetary policy tools and instruments and the interaction between Fed policies and financial markets. The contributors review central bank inflation-targeting policies, how various monetary strategies actually work in practice, and the use of nominal GDP targeting as a way to get the credit market to work well and fix the friction in that market. In addition, they discuss the effects of the various rules that the Fed considers in setting policy, how the Fed's excessive fine-tuning of the economy and financial markets has added financial market volatility and harmed economic performance, and the key issues that impact achievement of the Fed's 2 percent inflation objective. The volume concludes by exploring potential options for enhancing our policy approach.