The "price puzzle" reconsidered

Article Abstract:

The empirical effects of United States monetary policy are studied using the structural vector autoregressive (SVAR). Most of these models produce a "price puzzle." A price puzzle refers to a rise in the aggregate price level in response to a contractionary innovation to monetary policy excluding commodity prices. Though conventional wisdom supports the fact that commodity prices resolve the price puzzle as they contain information for predicting the inflation, evidence of a sample period revealed that many indicators including commodity prices couldn't resolve the price puzzle.

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Equity and efficiency effects of redistributive policies

Article Abstract:

A dynamic general equilibrium model in order to compare the effects of different types of redistributive policies such as money transfers and educational transfers in terms of efficiency and equity is presented.

Economic Programs, Administration of Economic Programs

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Unsecured debt with public insurance: from bad to worse

Article Abstract:

Public insurance and protection against bankruptcy are together evaluated wherein each context changes incentives in the other.

General services, Insurance, Insurance Carriers and Related Activities, Management dynamics, INSURANCE CARRIERS, Management, Purchasing, Company business management, Bankruptcy, Insurance industry, Company bankruptcy

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