Zobrazeno 1 - 10
of 24
pro vyhledávání: '"Karl Walentin"'
Autor:
Andreas Westermark, Karl Walentin
Publikováno v:
American Economic Journal: Macroeconomics. 14:341-377
We show that business cycles reduce welfare through a decrease in the average level of employment in a labor market search model with learning on the job and skill loss during unemployment. Empirically, unemployment and the job-finding rate are negat
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::a46d04e344eee562572ee837525a2fc6
https://doi.org/10.1257/mac.20180473
https://doi.org/10.1257/mac.20180473
Publikováno v:
Review of Economic Dynamics. 45:264-281
Using a new dataset of all Swedish housing transactions over the 2009-2017 period, we find that manufacturing's share of employment is positively associated with house price growth volatility and negatively associated with risk-adjusted capital gains
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::53ade26c29025a5fb839725e34411748
https://doi.org/10.1016/j.red.2021.06.005
https://doi.org/10.1016/j.red.2021.06.005
Publikováno v:
Journal of Monetary Economics. 103:105-122
We develop a model of investment with financial constraints and use it to investigate the relation between investment and Tobin’s .A firm is financed partly by insiders, who control its assets, and partly by outside investors. When their wealth
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::1b0ee009b4bfc15a00f91673bf7e6b94
https://doi.org/10.1016/j.jmoneco.2018.08.002
https://doi.org/10.1016/j.jmoneco.2018.08.002
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::5e63a2083d5a417c631bb3fb013d4ec8
https://doi.org/10.2139/ssrn.4026299
https://doi.org/10.2139/ssrn.4026299
Publikováno v:
IMF Working Papers. 20
We examine the effects of various borrower-based macroprudential tools in a New Keynesian environment where both real and nominal interest rates are low. Our model features long-term debt, housing transaction costs and a zero-lower bound constraint o
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::381ae1fe57b28d77703a7d6cbf517a22
https://doi.org/10.5089/9781513546803.001
https://doi.org/10.5089/9781513546803.001
Publikováno v:
SSRN Electronic Journal.
Recent work has shown that microeconomic shocks at the firm and sector level account for a substantial share of output volatility. We examine whether this relationship holds for house price growth volatility, which also declined during the Great Mode
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::4e0adb2431f41829a19f3535071c14ba
https://doi.org/10.2139/ssrn.3096384
https://doi.org/10.2139/ssrn.3096384
Autor:
Ferre De Graeve, Karl Walentin
Publikováno v:
Journal of Applied Econometrics. 30:1192-1209
SUMMARY Factor models of disaggregate inflation indices suggest that sectoral shocks generate the bulk of sectoral inflation variance, but no persistence. Aggregate shocks, by contrast, are the root of sectoral inflation persistence, but have negligi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::a90bdb67c2ce8bb1de0d0ca23a12fb49
https://doi.org/10.1002/jae.2413
https://doi.org/10.1002/jae.2413
Autor:
Karl Walentin
Publikováno v:
The Scandinavian Journal of Economics. 116:635-668
In this paper, we quantify the effects of the recent increase in the housing loan-to-value ratio (LTV) on the monetary transmission mechanism. We set up a two-sector dynamic stochastic general equilibrium model with collateral constraints and product
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::7b05ef49296db9339ebab8e179d242e6
https://doi.org/10.1111/sjoe.12064
https://doi.org/10.1111/sjoe.12064
Autor:
Karl Walentin
How do aggregate quantities at the business cycle frequency respond to shocks to the spread between residential mortgage rates and government bonds? Using a structural VAR approach, we find that mortgage spread shocks impact the real economy by both
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::fac1c35dbb965d0fa95e60e62d75d37e
http://www.riksbank.se/Documents/Rapporter/Working_papers/2013/rap_wp275_140423_updated.pdf
http://www.riksbank.se/Documents/Rapporter/Working_papers/2013/rap_wp275_140423_updated.pdf
We develop a model of investment with financial constraints and use it to investigate the relation between investment and Tobin's q. A firm is financed partly by insiders, who control its assets, and partly by outside investors. When their wealth is
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::045941f5329f8a8778caf99395232c6b
https://economicdynamics.org/meetpapers/2013/paper_634.pdf
https://economicdynamics.org/meetpapers/2013/paper_634.pdf