Zobrazeno 1 - 10
of 12
pro vyhledávání: '"Julio Garin"'
Publikováno v:
Economics Letters. 180:28-32
Are periods of low interest rates advantageous times for governments to increase expenditure by issuing debt? Because borrowing costs are lower, some economists have argued that the answer is yes. We argue that the logic used in reaching this conclus
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::94d87bef8f1d353c7405fcde4748118e
https://doi.org/10.1016/j.econlet.2019.02.024
https://doi.org/10.1016/j.econlet.2019.02.024
Publikováno v:
The Review of Economics and Statistics. 101:160-175
The basic New Keynesian model predicts that positive supply shocks are less expansionary at the zero lower bound (ZLB) compared to periods of active monetary policy. We test this prediction empirically using Fernald's (2014) utilization-adjusted tota
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e4edbd730b51886df80bed96834b2a39
https://doi.org/10.1162/rest_a_00723
https://doi.org/10.1162/rest_a_00723
Publikováno v:
SSRN Electronic Journal.
This paper is one of the first to quantify the welfare effects of proposed cash suppression policies. We work within the context of a general equilibrium framework in which households face an endogenous cash-in-advance constraint and firms use cash t
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::73c1f9f7fe02adecfce35a31a8f89aae
https://doi.org/10.2139/ssrn.3561145
https://doi.org/10.2139/ssrn.3561145
Publikováno v:
Journal of Money, Credit and Banking. 50:243-259
Increasing the inflation target in a textbook New Keynesian (NK) model may require increasing, rather than decreasing, the nominal interest rate in the short run. We refer to this positive short run co-movement between the nominal interest rate and i
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::a33742c376fb49d39ce828c99433fbbf
https://doi.org/10.1111/jmcb.12459
https://doi.org/10.1111/jmcb.12459
Publikováno v:
American Economic Journal: Macroeconomics. 10:119-148
A principal components decomposition of sectoral IP data reveals that the contribution of aggregate shocks to the variance of aggregate output declined from about 70 percent in the period 1967–1983 to about 30 percent after 1983. We develop an “i
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::8f287bd9ea6a695a21d02fa06d2e51f9
https://doi.org/10.1257/mac.20140089
https://doi.org/10.1257/mac.20140089
Publikováno v:
Journal of Banking & Finance. 81:24-35
This paper shows that inflation has been an important determinant of firm-level liquid asset holdings. Liquid assets as a share of total assets – the cash ratio – for U.S. corporations steadily declined from the 1960s to the early 1980s, and has
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e4ba4466b56814a94ba77040e0170b9f
https://doi.org/10.1016/j.jbankfin.2017.04.008
https://doi.org/10.1016/j.jbankfin.2017.04.008
Autor:
Robert Lester, Julio Garin
Publikováno v:
Macroeconomic Dynamics. 23:216-239
The flow utility of unemployment plays a crucial role in labor search and matching models. Recent evidence by Chodorow-Reich and Karabarbounis suggests that the flow utility is high on average, volatile, and strongly procyclical. Taken together, thes
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::99b788151b6a0711d1b6d051af964a8d
https://doi.org/10.1017/s1365100516001164
https://doi.org/10.1017/s1365100516001164
Publikováno v:
Journal of Economic Dynamics and Control. 69:21-44
This paper evaluates the welfare properties of nominal GDP targeting in the context of a New Keynesian model with both price and wage rigidity. In particular, we compare nominal GDP targeting to inflation and output gap targeting as well as to a conv
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::116d1f119b6c6857f44a1abba47d0799
https://doi.org/10.1016/j.jedc.2016.05.004
https://doi.org/10.1016/j.jedc.2016.05.004
Publikováno v:
SSRN Electronic Journal.
Opioid overdose is the most common cause of accidental death in the United States and no policy response has been able to contain this epidemic to date. We examine whether local access to medical cannabis can reduce opioid-related mortality. Using a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::951c7b35bd6d22f63efceb9ae058ea8b
https://doi.org/10.2139/ssrn.3270101
https://doi.org/10.2139/ssrn.3270101
Autor:
Julio Garin
Publikováno v:
Journal of Economic Dynamics and Control. 57:112-130
This paper studies the effects of changes in collateral requirements on the cyclical properties of unemployment and job creation. I develop a general equilibrium model in which labor market frictions prevent the costless adjustment of employment. Fin
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::fcaad08b7dcf6bbe0011abf5e36b24ec
https://doi.org/10.1016/j.jedc.2015.05.007
https://doi.org/10.1016/j.jedc.2015.05.007