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Removing policy based comparative advantage for energy intensive production
Discussion Papers no. 462
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Will it float?
Discussion Papers no. 463
Galí, Gertler and Lòpez-Salido (2005), GGL, assert that the hybrid New Keynesian Phillips curve, NPC, is robust to different choices of estimation procedure and so some forms of specification bias. Specifically, the dominance of forward-l...
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Removing policy based comparative advantage for energy intensive production
Discussion Papers no. 462
National and international expansion of transmission networks and diminishing returns to scale in hydropower capacity expansion has raised the opportunity cost of electricity. The resulting changes in comparative advantage between industr...
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Time-differentiated pricing and direct load control of residential electricity consumption
Discussion Papers no. 461
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Time-differentiated pricing and direct load control of residential electricity consumption
Discussion Papers no. 461
Time-of-use and real-time spot pricing tariffs in conjunction with direct load control of water heaters was offered to residential electricity consumers in a large-scale demand response experiment. Hourly data from the experiment on consu...
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The New Keynesian Phillips Curve for a small open economy
Discussion Papers no. 460
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The New Keynesian Phillips Curve for a small open economy
Discussion Papers no. 460
The New Keynesian Phillips Curve (NKPC) has become the benchmark model for understanding inflation in modern monetary economics. One reason for the popularity is the microfoundation of the model, which decomposes agents' behaviour into pr...
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Income taxation, tuition subsidies, and choice of occupation
Discussion Papers no. 459
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Endogenous housing market cycles
Discussion Papers no. 458
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Differences in learning and inequality
Discussion Papers no. 457
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Income taxation, tuition subsidies, and choice of occupation
Discussion Papers no. 459
Differentiated tax rates on labor and capital income are found to be optimal in this study, where agents choose occupation based on lifetime income net of tuition costs. Efficient revenue raising in a case where the government can not obs...
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Differences in learning and inequality
Discussion Papers no. 457
Rapid growth in productivity combined with increasing wage dispersion in some countries, notably Anglo-Saxon, has been the subject of numerous studies. The main hypothesis in the literature is that an increased skill premium provides a li...
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Endogenous housing market cycles
Discussion Papers no. 458
Housing markets tend to display both positive serial correlation as well as a considerable volatility over time. We present a stochastic model illustrating the connection between adaptive expectations and market fluctuations. All macro ec...
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Marginal indirect tax reform analysis with merit good arguments and environmental concerns
Discussion Papers no. 455
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On some common practices of systematic sampling
Discussion Papers no. 456
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