TOPICS
TOPICS-
WORKING PAPERS
The distinction between Keynesians and Monetarists makes no sense...
April 2023 AbstractThe secular decline in real interest rates has invoked a fierce debate on macro policy over the pastdecade. The distinction between Keynesianism and Monetarism is no longer useful. It makes moresense to distinguish between those who hold that the decline in interest rates is [..]
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PUBLICATIONS
Monopolistic price-setting behavior of information technology firms
E. L. van ‘t Klooster & C. N. Teulings (2023) Economics of Innovation and New Technology, 1-19. doi: 10.1080/10438599.2023.2194641 ABSTRACT Markups, which are when prices are greater than the marginal cost of production, have increased in the USA over the last decades. Our paper [..]
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PUBLICATIONS
Returns to on-the-job search and wage dispersion
Axel Gottfries, Coen Teulings Labour Economics 80 (2023) 102292, ISSN 0927-5371 https://doi.org/10.1016/j.labeco.2022.102292 Abstract A wide class of models with On-the-Job Search (OJS) predict that workers gradually select into better jobs. We develop a simple method based on the [..]
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WORKING PAPERS
What is the optimal minimum wage?
Yujiang River Chen and Coen N Teulings Centre for Economic Policy Research CEPR, Discussion Paper Series 10 February 2022 Abstract The extensive literature on minimum wages has found evidence for the compression of relativewages and mixed results for employment. This literature has [..]
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OTHER PUBLICATIONS
The current number of students is perfect for TU/e
Han Konings, Cursor TU Eindhoven Download publication [..]
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PUBLICATIONS
The state of economics after the Lehman collapse
Review ofBasu, K., D. Rosenblatt, and C. Sepúlveda (eds.),2020. The State of Economics, the State of the World. Cambridge, MA, MIT Press. 552 pages. ISBN: 978-0-262-03999-4. Forthcoming in The Journal of Regional [..]
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WORKING PAPERS
The option value of vacant land: Don’t build when...
Rutger-Jan Lange and Coen N Teulings 6 April 2021, CEPR Discussion Paper Series Abstract Urban structures and urban growth rates are highly persistent. This has far-reaching implicationsfor the optimal size and timing of new construction. We prove that rational developers [..]
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OTHER PUBLICATIONS
Are school closures counterproductive? Challenging the conventional wisdom
School closures have been a globally used strategy in the fight against the COVID-19 pandemic. Coen Teulings talks to Tim Phillips about a SIR (Susceptibles-Infected-Recovered) model for the Netherlands, where the recent closure of primary and secondary schools is shown to be counter-productive [..]