Zobrazeno 1 - 10
of 10
pro vyhledávání: '"Alban Moura"'
Autor:
Alban Moura
Publikováno v:
Applied Economics Letters. :1-6
Publikováno v:
Economics Letters. 172:12-15
We solve a version of the analytical Real Business Cycle (RBC) model with a predetermined rate of return on household saving. The solution differs from that of the benchmark RBC model along two dimensions: (i) Policy functions depend on the variance
Publikováno v:
European Economic Review
European Economic Review, Elsevier, 2021, 132, ⟨10.1016/j.euroecorev.2020.103630⟩
European Economic Review, Elsevier, 2021, 132, ⟨10.1016/j.euroecorev.2020.103630⟩
National audience; We augment a simple Real Business Cycle model with financial intermediaries that may default on their liabilities and a financial friction generating social costs of default. We derive a closed-form solution for the general equilib
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::56447f3809c61a733dc364ee73360b24
https://hal.archives-ouvertes.fr/hal-03346173/file/wp_tse_1048.pdf
https://hal.archives-ouvertes.fr/hal-03346173/file/wp_tse_1048.pdf
Autor:
Lorenzo Cappiello, Federic Holm-Hadulla, Angela Maddaloni, Laura Arts, Nicolas Meme, Petros Migiakis, Caterina Behrens, Alban Moura, Stefano Corradin, Annalisa Ferrando, Juha Niemelä, Margherita Giuzio, olivier pierrard, Lev Ratnovski, Adam Gulan, Alexandra Schober-Rhomberg, Andreas Hertkorn, Michael Sigmund, Christoph Kaufmann, Lucía Kazarian Avakian, Patricia Stupariu, Kimmo Koskinen, Marco Taboga, Franck Sédillot, Luis Tavares, Jani Matilainen, Emme Van den, Falk Mazelis, Andrea Zaghini, Barra McCarthy
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
We argue that shocks to traditional and shadow banks were important drivers of the U.S. economy during the Great Recession and the Slow Recovery. This result follows from a DSGE model featuring a heterogeneous banking sector estimated from macroecono
Autor:
Alban Moura
Publikováno v:
Review of Economic Dynamics. 27:48-63
This paper estimates a two-sector DSGE model of the U.S. economy with two key ingredients: (i) an explicit distinction between shocks to investment demand and shocks to investment supply; (ii) sector-specific pricing frictions. According to the estim
Autor:
Alban Moura
Publikováno v:
European Economic Review. 139:103866
The joint behavior of Total Factor Productivity (TFP) and the Relative Price of Investment (RPI) in the data lead several authors to conclude that neutral technology shocks are positively correlated with investment-specific technology shocks, challen
Publikováno v:
Journal of Economic Dynamics and Control
Journal of Economic Dynamics and Control, Elsevier, 2019, 101, pp.130-144. ⟨10.1016/j.jedc.2019.02.001⟩
Journal of Economic Dynamics and Control, Elsevier, 2019, 101, pp.130-144. ⟨10.1016/j.jedc.2019.02.001⟩
International audience; This paper estimates a small-scale DSGE model of the US economy with interacting traditional and shadow banks. We find that shadow banks amplify the transmission of structural shocks by helping escape constraints from traditio
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::bf454c6e52fa00ff9c2eff05b56aae3b
https://hal.archives-ouvertes.fr/hal-03486012
https://hal.archives-ouvertes.fr/hal-03486012
Publikováno v:
Economics Letters. 135:108-111
We document the cyclical behavior of the relative price of investment goods for the US economy over the last fifty years. There is no robust evidence that this relative price is countercyclical. For the post-1983 period, it is predominantly procyclic