Zobrazeno 1 - 10
of 47
pro vyhledávání: '"Jochen Michaelis"'
Autor:
Max Fuchs, Jochen Michaelis
Publikováno v:
Jahrbücher für Nationalökonomie und Statistik.
The coexistence of fiat money (cash) and digital monies constitutes a system of parallel currencies as media of exchange. This paper asks whether a new (digital) currency is essential: Does a new currency allow for a better resource allocation even i
Autor:
Andreas Hanl, Jochen Michaelis
Publikováno v:
Wirtschaftsdienst. 99:340-347
Im Prozess der Digitalisierung wird zunehmend die Nachfrage nach Bargeld verdrängt und der Zahlungsverkehr privatisiert. Spiegelbild dieser Entwicklung ist ein Machtverlust der Zentralbanken, ihr Instrumentenset droht an Effizienz zu verlieren. Eine
Autor:
Marco de Pinto, Jochen Michaelis
Publikováno v:
Economic Modelling. 78:60-72
Empirical evidence suggests that the bargaining power of trade unions differs across firms and sectors. Standard models of unionization ignore this pattern by assuming a uniform bargaining strength. In this paper, we incorporate union heterogeneity i
Autor:
Benjamin Schwanebeck, Jochen Michaelis
Publikováno v:
List Forum für Wirtschafts- und Finanzpolitik. 48:129-130
Autor:
Jochen Michaelis, Andreas Hanl
Publikováno v:
Bankmagazin. 66:36-41
Autor:
Benjamin Schwanebeck, Jochen Michaelis
Publikováno v:
Economics Letters. 145:65-68
This paper contributes to the economics of examination rules. We show how rational students reallocate their learning effort as a response to a charge for the second attempt (resit), a resit mark cap, a variation of the time span between two attempts
Autor:
Jakob Palek, Jochen Michaelis
Publikováno v:
Credit and Capital Markets – Kredit und Kapital. 49:1-36
There is growing empirical evidence that the strength of financial frictions differs across countries. Using the cost channel approach, we show how the introduction of (country-specific) financial frictions alters the optimal monetary responses to un
Autor:
Marco de Pinto, Jochen Michaelis
Publikováno v:
International Economics and Economic Policy. 13:223-232
Trade unions are typically able to convert their industrial power into political power. We show that, depending on the constellation of parameters, stronger trade unions may improve welfare in terms of an increase in aggregate employment and output i
Autor:
Jochen Michaelis, Marco de Pinto
Publikováno v:
Review of International Economics. 22:226-252
This paper investigates the labor market effects of trade liberalization. We incorporate trade unions and heterogeneous workers into the Melitz framework. Workers differ with respect to their abilities. Our main findings are: (i) trade liberalization
Autor:
Jochen Michaelis
Publikováno v:
WiSt - Wirtschaftswissenschaftliches Studium. 43:371-376