Household Production, Services and Monetary Policy / / Constant Lonkeng Ngouana

• Record Nr.: UNINA9910786474903321
• Autore: Lonkeng Ngouana Constant
• Pubbl/distr/stampa: Washington, D.C. : , : International Monetary Fund, , 2012
• ISBN: 1-4755-4973-3; 1-4755-7794-X
• Descrizione fisica: 1 online resource (41 p.)
• Collana: IMF Working Papers; IMF working paper ; ; WP/12/206
• Soggetti: Service industries - Management; Monetary policy; Macroeconomics; Industries: Service; Production and Operations Management; General Aggregative Models: Keynes; Keynesian; Post-Keynesian; Business Fluctuations; Cycles; Household Production and Intrahousehold Allocation; Industry Studies: Services: General; Labor Economics: General; Price Level; Inflation; Deflation; Macroeconomics: Production; Macroeconomics: Consumption; Saving; Wealth; Labour; income economics; Services sector; Labor; Sticky prices; Output gap; Consumption; Economic sectors; Prices; National accounts; Production; Service industries; Labor economics; Economic theory; Economics; United States
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Cover; Contents; I. Introduction; A. Related Literature; II. Empirical Evidence; A. Services versus Nondurables: A Sectoral VAR; B. The Importance of Household Production; 1. Home hours worked; Figures; 1. Estimated responses of real sectoral consumption to a monetary policy tightening.; Tables; 1. Time devoted to household production in the U.S. (2003 annual average); 2. Households and the production of services; C. Household and Market Production Over the Business Cycle; 1. Fluctuations of home and market hours worked; 2. Home and market hours worked (HP-de-trended series); 2. Substitutability between home and market services over the business cycle2. Child care expenses by families with employed mothers, as percentage of monthly income, 1991-2005.; III. The Model Economy; A. The Economic Environment; 3. Expenditures on food at home and food away from home (HP-de-trended series); B. The Representative Household; C. Final Goods Producers; D. Intermediate Goods producers; E. Sectoral and Aggregate New Keynesian Phillips Curves; 4. Contribution of the output gap term and the extra term to inflation dynamics; F. Monetary Policy; G. Aggregation; IV. Calibration and ResultsA. Parameter Values; B. Simulation Results; 3. Parameter values; V. Conclusion; References; Appendices; A. Proof of Proposition 1; B. Proof of Corollary 1; C. Reduced Set of Equations for the Linearized Model; D. Dynamic Response of Macroeconomic Variables to an Expansionary Monetary Shock; 5. Responses of real sectoral consumption to a 1% interest-rate cut.; 6. Responses of sectoral inflation and real aggregates to a 1% interest-rate cut.
• Sommario/riassunto: A distinctive feature of market-provided services is that some of them have close substitutes at home. Households may therefore switch between consuming home and market services in response to changes in the real wage - the opportunity cost of working at home - and changes in the price of market services. In order to analyze and quantify the implications of this trade-off for monetary policy, I embed a household sector into an otherwise standard sticky price DSGE model, which I calibrate to the U.S. economy. The results of the model are twofold. At the sectoral level, household production augments the service sector's New Keynesian Phillips curve with a sizable extra component that co-moves negatively with the output gap term, lowering the incentive of service sector firms to change their prices. This mechanism endogenously amplifies the real effects of a monetary shock in that sector, unlike in the nondurable goods sector for which ; households cannot manufacture substitutes at home. At the aggregate level, household production also implies more sluggish prices and a stronger response of real macroeconomic variables to a monetary shock. Some empirical support for this theory is provided.

Die Gemeindebetriebe In Österreich : Gemeindebetriebe - Neuere Versuche und Erfahrungen über Die Ausdehnung der Kommunalen Tätigkeit in Deutschland und Im Ausland. III. Band, 1. Teil. (Schriften des Vereins Für Socialpolitik 130-I)

• Record Nr.: UNINA9910888074003321
• Autore: Fuchs Carl Johannes
• Pubbl/distr/stampa: Berlin : , : Duncker & Humblot, , 2022; ©1909
• ISBN: 9783428573950; 3428573951
• Edizione: [1st ed.]
• Descrizione fisica: 1 online resource (248 pages)
• Collana: Duncker & Humblot reprints
• Soggetti: Municipal government; Public utilities
• Lingua di pubblicazione: Tedesco
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Nota di contenuto: Vorwort zum dritten Band -- Inhaltsverzeichnis -- Die Gemeindebetriebe der Stadtgemeinde Prag. Von Prof. Dr. C. Horacek -- I. Allgemeines -- II. Unbeweglicher Besitz -- III. Städtische Gasanstalten, Elektrizitäts- und Wasserwerke -- IV. Städtische Kommunikationsmittel -- V. Städtische Kredit- und Versicherungsanstalten -- VI. Städtische hygienische und Sanitätsanstalten -- VII. Sozialpolitische Anstalten -- VIII. Linienverzehrungssteuerpachtung -- IX. Schlußwort -- Der Wiener Zentralviehmarkt St. Marx, seine Bedeutung für den Viehhandel und seine volkswirtschaftliche Funktion. Von Karl Schwarz, Magistratsoberkommissär und Vorstand der städtischen Übernahmsstelle für Vieh und Fleisch in Wien -- Einleitung -- I. Die Organisation des Marktes -- 1. Der Viehmarkt und seine Anstalten ; -- 2. Die Marktordnung -- 3. Die Veterinärmaßregeln -- II. Die Versorgung des Marktes -- 1. Die Größe des Auftriebes und seine Herkunft im allgemeinen -- 2. Der Rinderauftrieb und die Bedeutung Ungarns dafür -- 3. Die Viehproduktion der Alpen- und Sudetenländer -- 4. Die Stellung Galiziens und anderer Länder -- 5. Der Schweineauftrieb und seine Herkunft -- 6. Die Versorgung mit Schafen, Lämmern und Kälbern -- 7. Die Bedeutung der einzelnen Kronländer für die Versorgung des Wiener Marktes -- III. Der Viehhandel -- 1. Seine Organisation -- 2. Die einzelnen Geschäftsformen -- IV. Die Preisbildung
• Sommario/riassunto: This book is a comprehensive examination of municipal activities and their expansion within Austria, as part of a larger collection focused on social policy. Edited by Carl Johannes Fuchs, it features contributions from several experts, including Dr. C. Horacek, Dr. K. T. Wächter, Karl Schwarz, and others, discussing the development and management of urban infrastructure and public utilities in cities such as Prague, Vienna, and Salzburg. The book delves into topics like municipal ownership of utilities, market organization, and the economic impact of municipal enterprises. It also explores the challenges and successes of municipal involvement in public services, highlighting the balance between public and private sector roles. The intended audience includes policymakers, urban planners, and academics interested in urban development and municipal governance.