Practical policy evaluation
In: Journal of Monetary Economics, Band 102, S. 29-45
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In: Journal of Monetary Economics, Band 102, S. 29-45
In: American economic review, Band 94, Heft 2, S. 109-113
ISSN: 1944-7981
In: Perspectives on global development and technology: pgdt, Band 8, Heft 1, S. 70-89
ISSN: 1569-1497
AbstractThis paper estimates the socioeconomic and demographic determinants of household access demand for telecommunications (or telecom) services by employing a binary logit model and using a sample survey data from Karnataka State (India). The evidence suggests that social caste, education level, size of income, income tax payers, and location of friends and relatives in local call area have significant impact on household access demand. However, the nature and magnitude of the impact of these determinants are different in rural and urban areas, respectively. Further, given the socioeconomic and demographic characteristics, a rise in the average income of households is shown to have a remarkable increase in the probability for access demand. These results imply that knowledge of socioeconomic and demographic determinants are relevant inputs for design of a promotional policy for access to telecom services. Subject to the comparability of socioeconomic structures, these implications are of relevance for promotion of household access demand for telecom services in other developing countries.
In: The China quarterly, Band 45, S. 164-166
ISSN: 1468-2648
In: New perspectives quarterly: NPQ, Band 21, Heft 2, S. 60-65
ISSN: 0893-7850
In: Probleme des Friedens und des Sozialismus: Zeitschrift der kommunistischen und Arbeiterparteien für Theorie u. Information, Band 16, Heft 4, S. 493-500
ISSN: 0032-9258
World Affairs Online
In: Oxford collected essays
In: Journal of monetary economics, Band 131, S. 1-14
I study a class of macroeconomic models in which all firms can costlessly choose any price at each date from an interval (indexed to last period's price level) that includes a positive lower bound. I prove three results that are valid for any such half-closed interval (regardless of how near zero the left endpoint is). First, given any output sequence that is uniformly bounded from above by the moneyless equilibrium output level, that bounded output sequence is an equilibrium outcome for a (possibly time-dependent) specification of monetary and fiscal policy. Second, given any specification of monetary and fiscal policy in which the former is time-invariant and the latter is Ricardian (in the sense of Woodford 1995), there is a sequence of equilibria in which consumption converges to zero on a date-by-date basis. These first two results suggest that standard macroeconomic models without pricing bounds may provide a false degree of confidence in macroeconomic stability and undue faith in the long-run irrelevance of monetary policy. This paper's final result constructs a non-Ricardian nominal framework (in which the long-run growth rate of nominal government liabilities is sufficiently high) that pins down a unique stable real outcome as an equilibrium.
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In: Journal of Monetary Economics, Band 37, Heft 3, S. 461-474
In: IIMB Management Review, Band 25, Heft 1, S. 28-35
ISSN: 2212-4446