S Albanesi… - The Review of Economic Studies, 2006 - restud.oxfordjournals.org
Abstract We study dynamic optimal taxation in a class of economies with private information.
Optimal allocations in these environments are complicated and history-dependent. Yet, we
show that they can be implemented as competitive equilibria in market economies ...
S Albanesi, VV Chari… - Review of Economic …, 2003 - Wiley Online Library
Why is inflation persistently high in some periods and low in others? The reason may be the
absence of commitment in monetary policy. In a standard model, absence of commitment
leads to multiple equilibria, or expectation traps, even without trigger strategies. In these ...
S Albanesi - Journal of Monetary Economics, 2007 - Elsevier
Cross-country evidence on inflation and income inequality suggests that they are positively
related. This article explores the hypothesis that this correlation is the outcome of a
distributional conflict underlying the determination of government policies. A political ...
S Albanesi… - 2007 - nber.org
Until the early decades of the 20th century, women spent more than 60% of their prime-age
years either pregnant or nursing. Since then, improved medical knowledge and obstetric
practices reduced the time cost associated with women's reproductive role. The ...
S Albanesi… - 2006 - nber.org
The purpose of this paper is to study the joint determination of gender differentials in labor
market outcomes and in the household division of labor. Specifically, we explore the
hypothesis that incentive problems in the labor market amplify differences in earnings due ...
S Albanesi, VV Chari… - 2001 - nber.org
We analyze two monetary economies-a cash-credit good model and a limited participation
model. In our models, monetary policy is made by a benevolent policymaker who cannot
commit to future policies. We define and analyze Markov equilibrium in these economies. ...
S Albanesi… - Review of Economic Dynamics, 2009 - Elsevier
We study the joint determination of gender differences in labor earnings and time devoted to
home production in an economy where informational frictions give rise to incentive problems
in the labor market. Our model generates novel predictions on the relation between ...
S Albanesi - 2003 - papers.ssrn.com
Abstract: This Paper studies the structure and time consistency of optimal monetary policy
from a public finance perspective in an economy where agents differ in transaction patterns
and asset holdings. I find that heterogeneity breaks the link between lack of government ...
S Albanesi - 2006 - nber.org
This paper studies optimal taxation of entrepreneurial capital with private information and
multiple assets. Entrepreneurial activity is subject to a dynamic moral hazard problem and
entrepreneurs face idiosyncratic capital risk. We first characterize the optimal allocation ...
S Albanesi… - 2009 - nber.org
The entry of married women into the labor force is one of the most notable economic
phenomena of the twentieth century. We argue that medical progress played a critical role in
this process. Improved maternal health alleviated the adverse effects of pregnancy and ...
S Albanesi… - Annales d'Economie et de Statistique, 2000 - JSTOR
This paper analyzes the microstructure of the Italian secondary bond market and of the
effects of the 1994 reform and of the introduction of anonymity in 1997. Based on a
microstructure model of price formation, we evaluate the relevance of asymmetric ...
S Albanesi… - 2007 - nber.org
This paper studies the long run properties of intertemporal distortions in a broad class of
second best economies. Our unified framework encompasses and extends many well
known models, such as variants of the Ramsey taxation model with aggregate or ...
S Albanesi… - 2010 - nber.org
US fertility rose from a low of 2.27 children for women born in 1908 to a peak of 3.21 children
for women born in 1932. It dropped to a new low of 1.74 children for women born in 1949,
before stabilizing for subsequent cohorts. We propose a novel explanation for this boom- ...
S Albanesi - NBER working paper, 2006 - econ.yale.edu
Abstract This paper studies optimal taxation of entrepreneurial capital and financial assets in
economies with private information. Returns to entrepreneurial capital are risky and depend
on entrepreneurs' effort, which is not observed. The presence of idiosyncratic risk in ...
[CITATION] Optimal Policy with Endogenous Fiscal Constitutions
S Albanesi… - Manuscript, Fuqua School of Business, Duke University, 2002
S Albanesi… - 2001 - cepr.org
Abstract This paper studies the structure and time consistency of optimal monetary policy
from a public finance perspective in an economy where agents differ in transaction patterns
and asset holdings. I find that the presence of distributional effects breaks the link between ...
S Albanesi… - Boston University-Department of Economics- …, 2006 - Citeseer
There are substantial gender differences among top executives. Women are still under repre
(sented at the upper ranks of the corporate structure and tend to work in smaller
corporations. The gender gap in total compensation is 30% ta gap comparable to the one ...
S Albanesi… - Unpublished, 2007 - roc-armenter.net
Abstract Most Ramsey models prescribe that capital taxes should be zero in the long run
(Cham $ ley 1986, Judd 1985). We propose a new argument for Chamley $ Judd result that
relies on the governmentls ability to reallocate distortions over time. Our argument ...
[CITATION] Expectations Traps and
S Albanesi, VV Chari… - 2003
S Albanesi… - 2008 - sws1.bu.edu
Page 1. ,0 Mothers' Health and the Baby Boom Stefania Albanesi Columbia University and NBER
Claudia Olivetti Boston University SED Meetings Boston, July 12 2008 Page 2. Objective "
Investigate role of health costs associated with motherhood and their decline ...
[CITATION] How Big is the Time Consistency Problem in Monetary Policy?
S Albanesi, VV Chari… - Northwestern University, unpublished …, 1999
[CITATION] Comment on “Marriage and Divorce since WWII: Analyzing the Role of Technological Progress on the Formation of Households,” by Jeremy Greenwood …
S Albanesi - NBER Macroeconomics Annual, 2008
S Albanesi - NBER Macroeconomics Annual, 2008 - JSTOR
It is open to men to debate whether economic progress is good for men or not, but for
women to debate the desirability of economic growth is to debate whether women should
have the chance to cease to be beasts of burden, and to join the human race.—W. Arthur ...
S Albanesi… - V Columbia University, 2008 - 128.197.153.21
Abstract We document three new facts about gender differences in executive compensation.
First, female executives receive lower share of incentive pay in total compensation relative to
males. This difference accounts for 72% of the gender gap in total pay. Second, the ...
S Albanesi - Rivista di Politica Economica, 2007 - rivistapoliticaeconomica.it
Quali sono le proprietà delle politiche monetarie e fiscali ottime quando l'eterogeneità
introduce un conflitto tra redistribuzione ed efficienza? Si tratta di una domanda pressante,
dato il monte di evidenza sulla disuguaglianza nei redditi e nella ricchezza nella ...
[CITATION] Expectation Traps and Monetary Policy: Preliminary Draft
S Albanesi, VV Chari… - 2000 - Discussion paper, Northwestern …
[CITATION] Comment on Benigno and Woodford: Optimal Monetary and Fiscal Policy
S Albanesi - NBER Macroeconomics Annual, 2003
[CITATION] Ination and inequality
S Albanesi - Unpublished paper, Northwestern University, 2001
S Albanesi… - 2004 - columbia.edu
Since Y is compact and v: Y→ R is continuous, V is compact. We assume in the remainder
that U, θ and π are such that solutions exist to problems (S1) and (S4) and that each Bt is
continuous. We give two sets of sufficient conditions. The first is that θ is discrete and U is ...
S Albanesi - NBER Macroeconomics Annual, 2003 - columbia.edu
Benigno and Woodford seek to offer an integrated analysis of optimal fiscal and monetary
policy building on two literatures. The first is the one on dynamic optimal taxation, stemming
from the seminal contribution of Lucas and Stokey (1983) 1. The second literature is on ...
S Albanesi… - 2005 Meeting Papers, 2005 - econpapers.repec.org
... EconPapers has moved to http://EconPapers.repec.org! Please update your bookmarks.
Dynamic Optimal Taxation of Productive Assets. Stefania Albanesi () and Christopher Sleet.
No 203, 2005 Meeting Papers from Society for Economic Dynamics. ...
[CITATION] The Time Consistency of Monetary Policy with Heterogeneous Agents
S Albanesi - IGIER WP, 2000
R Armenter… - 2008 - papers.ssrn.com
Abstract: We consider a very general class of public finance problems that encompasses the
Ramsey model of optimal taxation as well as economies with limited commitment, private
information, and political economy frictions, and allows for incomplete markets. We identify ...
[CITATION] 1 The Lucas Tree Economy
S Albanesi…
S Albanesi… - 2007 - cepr.org
We consider a very general class of public finance problems that encompasses the Ramsey
model of optimal taxation as well as economies with limited commitment, private information,
and political economy frictions, and allows for incomplete markets. We identify a sufficient ...
S Albanesi… - 2004 Meeting Papers, 2004 - ideas.repec.org
Men are generally observed to experience steeper wage increases during their work lives
than women. Furthermore, men generally supply more hours to the labor market than
women. While these observations are no longer as pronounced as they were 50 years ...
S Albanesi - NBER Macroeconomics Annual, 2003 - JSTOR
Goodfriend, Marvin, and Robert G. King. (1997). The New Neoclassical Synthesis and the Role
of Monetary Policy. In NBER Macroeconomics Annual, BS Bernanke and JJ Rotemberg
(eds.). Cambridge, MA: MIT Press, 231-283. Hall, George, and Stefan Krieger. (2000). ...
S Albanesi… - 2005 Meeting Papers, 2005 - ideas.repec.org
If you know of missing items citing this one, you can help us creating those links by adding
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S Albanesi - 2006 - cepr.org
This paper studies optimal taxation of entrepreneurial capital and financial assets in
economies with private information. Returns to entrepreneurial capital are risky and depend
on entrepreneurs' effort, which is not observed. The presence of idiosyncratic risk in ...
S Albanesi - 2008 - columbia.edu
It is open to men to debate whether economic progress is good for men or not, but for women
to debate the desirability of economic growth is to debate whether women should have the chance
to cease to be beasts of burden, and to join the human race. W. Arthur Lewis, The Theory ...
S Albanesi… - 2004 Meeting Papers, 2004 - ideas.repec.org
We study dynamic optimal taxation in a class of economies with private information over
idiosyncratic skill shocks. We consider economies in which the skill distribution is first order
Markov. We show that there exists a tax system that implements the constrained optimal ...
S Albanesi… - 2003 - cepr.org
We study dynamic optimal taxation in a class of economies with private information.
Constrained optimal allocations in these environments are complicated and history-
dependent. Yet, we show that they can be attained as competitive equilibria in market ...
S Albanesi - 2002 - cepr.org
Cross-country evidence on inflation and inequality suggests that they are positively
correlated. I explore the hypothesis that this correlation is the outcome of a distributional
conflict underlying the determination of fiscal policy.
S Albanesi - Advances in economics and econometrics: theory …, 2003 - books.google.com
The history of inflation in the United States and other countries has occasionally been quite
bad. Are the bad experiences the consequence of policy errors? Or does the problem lie
with the nature of monetary institutions? The second possibility has been explored in a ...
S Albanesi… - 2007 - cepr.org
Until the early decades of the 20th century, women spent more than 60% of their prime-age
years either pregnant or nursing. Since then, the introduction of infant formula reduced
women's comparative advantage in infant care, by providing an effective breast milk ...
[CITATION] Time Consistency, Redistribution, Inequality and Monetary Policy
S Albanesi - 2001 - Northwestern University
S Albanesi… - 2002 - cepr.org
Abstract Analyses of optimal fiscal policy typically impose exogenous restrictions on the set
of tax and debt instruments available to a government. This paper considers fiscal policy in a
dynamic heterogeneous agent economy in which agents are privately informed about ...
S Albanesi - 2010 - columbia.edu
The first example of business cycle analysis stems from the work of Burns and Mitchell in the
1940's. They define business cycles as expansions occurring at the same time in many
economic sectors, followed by similarly general recessions, contractions and revivals. An ...
S Albanesi… - 2007 - bde.eu
Abstract Until the early decades of the 20th century, women spent more than 60% of their
prime) age years either pregnant or nursing. Since then, improved medical knowledge and
obstetric practices reduced the time cost associated with womenss reproductive role. The ...
S Albanesi… - 2005 - cepr.org
This paper explores the hypothesis that gender wage differentials arise from the interaction
between the intra-household allocation of labour and the contractual relation between firms
and workers in the presence of private information on workers' labour market attachment. ...
S Albanesi - 2008 - columbia.edu
This handout illustrates the main properties of cash $ in $ advance models in economies
with infinitely lived agents and briefly comment on the relation of the other types of monetary
models to CIA economies in Section 2. Economies with price rigidities and portfolio ...
[CITATION] 1 Example 1: A Real Economy
S Albanesi
C Sleet… - 2005 Meeting Papers, 2005 - ideas.repec.org
If you know of missing items citing this one, you can help us creating those links by adding
the relevant references in the same way as above, for each refering item. If you are a
registered author of this item, you may also want to check the" citations" tab in your profile, ...
S Albanesi - 2003 - cepr.org
This Paper studies the structure and time consistency of optimal monetary policy from a
public finance perspective in an economy where agents differ in transaction patterns and
asset holdings. I find that heterogeneity breaks the link between lack of government ...
S Albanesi… - 2009 - sws1.bu.edu
Abstract This document contains additional information on the history of infant formula and a
detailed descrip'tion of the construction of the price series of Similac discussed in rGender
Roles and Medical Progress. sIt also presents additional data on the price of earlier ...
S Albanesi - 2009 - nber.org
The secular decline in the relative price of durables and equipment is one of the most
significant dimensions of technological progress of the twentieth century. Greenwood,
Hercowitz, and Krusell (1997) argue that it can account for approximately 60% of the ...
S Albanesi - 2007 - columbia.edu
The purpose of this handout is to illustrate three equilibrium concepts for dynamic general
equilibrium economies. These concepts will be described for the canonical real business
cycle model and are easily extendable to most infinitely lived economies in ...
S Albanesi… - Computer Codes, 2008 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to view
it first. Information about this may be contained in the File-Format links below. In case of further
problems read the IDEAS help page. Note that these files are not on the IDEAS site. ...
S Albanesi… - 2010 - cepr.org
Abstract US fertility rose from a low of 2.27 children for women born in 1908 to a peak of 3.21
children for women born in 1932. It dropped to a new low of 1.74 children for women born in
1949, before stabilizing for subsequent cohorts. We propose a novel explanation for this ...
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