Zobrazeno 1 - 10
of 168
pro vyhledávání: '"Jesús Fernández-Villaverde"'
Publikováno v:
The Quarterly Journal of Economics. 138:1173-1231
Patterns of state formation have crucial implications for comparative economic development. Diamond (1997) famously argued that “fractured land” was responsible for China’s tendency toward political unification and Europe’s protracted polycen
Publikováno v:
The Economic Journal. 132:2075-2100
A safe asset’s real value is insulated from shocks, including declines in GDP from rare macroeconomic disasters. However, in a Lucas-tree world, the aggregate risk is given by the process for GDP and cannot be altered by the creation of safe assets
Publikováno v:
Annual Review of Economics. 13:229-252
We review the current state of the estimation of DSGE models. After introducing a general framework for dealing with DSGE models, the state-space representation, we discuss how to evaluate moments or the likelihood function implied by such a structur
Publikováno v:
Journal of Monetary Economics. 121:62-90
This paper develops a dynamic general equilibrium model with heterogeneous firms that face search complementarities in the formation of vendor contracts. Search complementarities amplify small differences in productivity among firms. Market concentra
Publikováno v:
Brookings Papers on Economic Activity. 2020:111-166
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.