Staff Members
Walter H. Fisher
Publications
Articles
1. "Relative Wealth, Growth, and Transitional Dynamics: the Small Open
Economy Case", Macroeconomic Dynamics: Special Issue on Public Policy, Externalities, and Economic Growth, forthcoming, 2010.
2. "Growth, Pensions, and the Ageing Joneses", (with Ben J. Heijdra),
Macroeconomic Dynamics, forthcoming, 2010.
3. "Pension Reform and Labor Market Incentives", (with Christian Keuschnigg), Journal of Population Economics 23(2), 2010, 769–803.
4. "Keeping up with the Ageing Joneses", (with Ben J. Heijdra), Journal of Economic Dynamics and Control 33(1), January 2009, 53–64.
5. “The Quest for Status and Endogenous Labor Supply: The Relative Wealth Framework”, (with Franz X. Hof), Journal of Economics 93(2), March 2008, 109–144.
6. “Imports, Status Preference, and Foreign Borrowing”, Review of Development Economics 12(1), February 2008, 1–20.
7. “Status Seeking in the Small Open Economy,” (with Franz X. Hof) Journal of Macroeconomics 27(2): June 2005, 209-232.
8. “Current Account Dynamics in a Small Open Economy Model of Status Seeking,” Review of International Economics 13(2): May 2005, 262-282.
9. “Intertemporal Budget Policies and Macroeconomic Adjustment in a Small Open Economy,” (with Marcelo Bianconi) Journal of International Money and Finance 24(1): February 2005, 1–17.
10. “Status Preference, Wealth and Dynamics in the Open Economy,” German Economic Review 5(3): August 2004, 335–355.
11. “Public Policy for Efficient Education,” (with Christian Keuschnigg) Metroeconomica, 53(4): November 2002, 361–390.
12. “Relative Consumption, Economic Growth, and Taxation,” (with Franz X. Hof) Journal of Economics 72(3) (Zeitschift für Nationalökonomie): December 2000, 241–262.
13. “The Term Structure of Interest Rates in a Small Open Economy: A Stochastic Analysis”, Open Economies Review 11(3): July 2000, 261–278.
14. “World Interest Shocks, Capital, and the Current Account,” (with Dek Terrell) Review of International Economics 8(2): May 2000, 261–274.
15. “Public Investment, Congestion, and Private Capital Accumulation”, (with Stephen J. Turnovsky) The Economic Journal 108(447): March 1998, 399–413.
16. “The Composition of Government Expenditure and Its Consequences for Macroeconomic Performance,” (with Stephen J. Turnovsky), Journal of Economic Dynamics and Control 19(4): May 1995, 747–786.
17. “An Optimizing Analysis of the Effects of World Interest Disturbances on the Open Economy Term Structure of Interest Rates,” Journal of International Money and Finance 14(1): February 1995, 105–126.
18. “Fiscal Policy and the Term Structure of Interest Rates: An Intertemporal Optimizing Analysis”, (with Stephen J. Turnovsky) Journal of Money, Credit, and Banking 24(1): February 1992, 1–26.
Book Reviews
Review of Stephen J. Turnovsky, “Methods of Macroeconomic Dynamics” and “International Macroeconomic Dynamics”, Cambridge, MA, MIT Press, 1995 and 1997, in the Zeitschrift für Wirtschafts- und Sozialwissenschaften, (Journal of Economics and Social Science), vol. 4, 1998.
Economics Series
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Economics Series, 267 / 2011, Institute for Advanced Studies, Vienna
This paper investigates the consequences of pension reform for life-cycle unemployment and retirement. We find that (i) improving actuarial fairness in pension assessment not only boosts old age participation but also reduces unemployment among prime age workers and raises welfare; (ii) strengthening the tax benefit link boosts life-cycle labor supply on all margins and welfare; (iii) excluding unemployment benefits from the pension assessment base reduces unemployment, encourages later retirement and boosts efficiency; and (iv) extending the calculation period favors employment of young workers, might possibly lead to more unemployment among older ones, encourages postponed retirement and most likely yields positive welfare gains.
Fisher, Walter H., Keuschnigg , Christian: Pension Reform and Labor Market Incentives (May 2007)
Economics Series, 208 / 2007, Institute for Advanced Studies, Vienna
Fisher, Walter H., Heijdra, Ben J.: Keeping up with the Ageing Joneses (March 2007)
Economics Series, 204 / 2007, Institute for Advanced Studies, Vienna
Fisher, Walter H., X. Hof, Franz: The Quest for Status and Endogenous Labor Supply: The Relative Wealth Framework (November 2005)
Economics Series, 181 / 2005, Institute for Advanced Studies, Vienna
Fisher, Walter H.: Imports, Status Preference, and Foreign Borrowing (September 2004)
Economics Series, 161 / 2004, Institute for Advanced Studies, Vienna
Fisher, Walter H.: Investment and Current Account Dynamics in an Open Economy Status Seeking Framework (February 2002)
Economics Series, 110 / 2002, Institute for Advanced Studies, Vienna
Fisher, Walter H.: Current Account Dynamics in a Small Open Economy Model of Status Seeking (October 2001)
Economics Series, 107 / 2001, Institute for Advanced Studies, Vienna
Fisher, Walter H., Hof , Franz X.: Status Seeking in the Small Open Economy (October 2001)
Economics Series, 106 / 2001, Institute for Advanced Studies, Vienna
Fisher, Walter H.: Status Preference, Wealth, and Dynamics in the Open Economy (April 2001)
Economics Series, 99 / 2001, Institute for Advanced Studies, Vienna
Fisher, Walter H., Bianconi, Marcelo: Intertemporal Budget Policies and Macroeconomic Adjustment in a Small Open Economy (February 2001)
Economics Series, 96 / 2001, Institute for Advanced Studies, Vienna
© IHS Vienna
Walter H. Fisher
Head of Department
Macroeconomics, International Finance
Phone: +43 1 59991 253
Fax: +43 1 59991 163
email : fisher@ihs.ac.at
Departments: