The goal of this paper is to compute optimal monetary and fiscal policy rules in a real business cycle model augmented with sticky prices, a demand for money, taxation, and stochastic government consumption. We consider simple policy rules whereby the nominal interest rate is set as a function of output and inflation, and taxes are set as a function of total government liabilities. We require p...

The goal of this paper is to compute optimal monetary and fiscal policy rules in a real business cycle model augmented with sticky prices, a demand for money, taxation, and stochastic government consumption. We consider simple policy rules whereby the nominal interest rate is set as a function of output and inflation, and taxes are set as a function of total government liabilities. We require p...

On the Measurement of Long-Term Income Inequality and Income Mobility This paper proposes a two-step aggregation method for measuring long-term income inequality and income mobility, where mobility is defined as an equalizer of long-term income. The first step consists of aggregating the income stream of each individual into a measure of permanent income, which accounts for the costs associated...

Objectives: Regarding the type of service receivers as well as the technicality of the services provided, these services often bear high complexity and difficulty which can eventually lead to job burnout and shortage of motivation in the staffIn this study, the factors affecting job motivation from the viewpoints of staff and managers of Semnan Welfare Organization have been identified and poss...

This paper examines a public option competing alongside private insurers in Medicare Part D. We estimate a random coefficient demand system and oligopoly supply-side model with endogenous premium subsidies and risk adjustment payments. If the public option does not affect health risk sorting, counterfactual results show modest competitive benefits. However, increased subsidy payments eliminate ...

Welfare and close related issues, like poverty and inequality, are multidimensional as they involve not only income, but also education, health or labour. This paper aims to measure the dependence among dimensions using copula-based coefficients. This approach focuses on the positions of the individuals across dimensions, rather than their specific values. We apply copula-based orderings of dep...

We introduce the Networked Resource Game, a graphical game where players’ actions are a set of resources that they can apply over links in a graph to form partnerships that yield rewards. This introduces a new constraint on actions over multiple links. We investigate several network formation algorithms and find bilateral coalition-proof equilibria for these games. We analyze the outcomes in te...

Effective formation and implementation of forest policy can only be achieved with orientation to the most important goal—increasing society’s welfare. The global problem is, at present, that impact forests on society welfare indexes have not been identified. aim study is design an assessment model assess Lithuanian index. was determined by multiplying country’s index contribution coefficient. I...