Berthold Herrendorf
Biographic Data
| ID | 5733555 |
|---|---|
| NAME | Berthold Herrendorf |
| GIVEN NAMES | Berthold |
| FAMILY NAME | Herrendorf |
| SIGNATURE | HERRENDORF B |
| AFFILIATIONS | Arizona State University |
| ORCID | 0000-0002-7177-4156 |
| VERIFIED | Yes |
| TOTAL WORKS | 5 |
| TOTAL CITATIONS | 7 |
| AUTHOR COUNT | 5 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1997 |
| LATEST PUBLICATION YEAR | 2022 |
| H-INDEX | 2 |
Structural Transformation of Occupation Employment
We use census data to show that structural transformation reflects a fundamental reallocation of labour from goods to services, instead of a relabelling that occurs when goods‐producing firms outsource their in‐house service production. The novelty of our approach is that it categorizes labour by occupations, which are invariant to outsourcing. We find that the reallocation of labour from goods‐producing to service‐producing occupations is a robu…
High-skilled services and development in China
Structural transformation, marketization, and household production around the world
The Political Economy of Inflation, Labour Market Distortions and Central Bank Independence
Using the citizen–candidate model we study the government’s choice of institutions for the labour market and the central bank and derive the implications for inflation and employment. We derive conditions for the existence of equilibria in which the labour market is distorted and the central bank is dependent or independent under a range of conditions affecting central bank dependence, the post–election cycle in inflation and employment and infla…
Importing Credibility Through Exchange Rate Pegging
This paper employs an optimal taxation framework in order to study the credibility of monetary policy-making in an open economy. Since inflation is, in part, uncontrollable due to stochastic disturbances, the authority's actions cannot be monitored perfectly when the exchange rate floats, thus implying that reputational forces may become ineffective. In contrast, pegging the nominal exchange rate to a low-inflation currency allows perfect monitor…
Structural transformation, marketization, and household production around the world
High-skilled services and development in China
Importing Credibility Through Exchange Rate Pegging
This paper employs an optimal taxation framework in order to study the credibility of monetary policy-making in an open economy. Since inflation is, in part, uncontrollable due to stochastic disturbances, the authority's actions cannot be monitored perfectly when the exchange rate floats, thus implying that reputational forces may become ineffective. In contrast, pegging the nominal exchange rate to a low-inflation currency allows perfect monitor…
Importing Credibility Through Exchange Rate Pegging
This paper employs an optimal taxation framework in order to study the credibility of monetary policy-making in an open economy. Since inflation is, in part, uncontrollable due to stochastic disturbances, the authority's actions cannot be monitored perfectly when the exchange rate floats, thus implying that reputational forces may become ineffective. In contrast, pegging the nominal exchange rate to a low-inflation currency allows perfect monitor…
The Political Economy of Inflation, Labour Market Distortions and Central Bank Independence
Using the citizen–candidate model we study the government’s choice of institutions for the labour market and the central bank and derive the implications for inflation and employment. We derive conditions for the existence of equilibria in which the labour market is distorted and the central bank is dependent or independent under a range of conditions affecting central bank dependence, the post–election cycle in inflation and employment and infla…
Structural transformation, marketization, and household production around the world
High-skilled services and development in China
Structural Transformation of Occupation Employment
We use census data to show that structural transformation reflects a fundamental reallocation of labour from goods to services, instead of a relabelling that occurs when goods‐producing firms outsource their in‐house service production. The novelty of our approach is that it categorizes labour by occupations, which are invariant to outsourcing. We find that the reallocation of labour from goods‐producing to service‐producing occupations is a robu…
Economics (5 works) · Business (4 works) · Economy (3 works) · China (2 works) · Employment and Welfare Studies (2 works) · Fiscal Policies and Political Economy (2 works) · Geography (2 works) · Goods and services (2 works) · Law (2 works) · Law (2 works)