Zobrazeno 1 - 10
of 31
pro vyhledávání: '"Miquel Faig"'
Publikováno v:
Macroeconomic Dynamics. 20:1174-1195
We calculate that the extension of unemployment insurance benefits during downturns has significantly increased the variability of unemployment and vacancies in the United States. Taking this into account reduces the value of leisure necessary to mat
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::ff6e3e6ba727bd82e9d292b058ca9674
https://doi.org/10.1017/s1365100514000789
https://doi.org/10.1017/s1365100514000789
Autor:
Min Zhang, Miquel Faig
Publikováno v:
Review of Economic Dynamics. 15:41-56
If entitlement to UI benefits must be earned with employment, generous UI is an additional benefit to working, so, by itself, it promotes job creation. If individuals are risk neutral, then there is a UI contribution scheme that eliminates any effect
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::a9f8bae0043c5efb9ba84416db5b2a31
https://doi.org/10.1016/j.red.2011.09.002
https://doi.org/10.1016/j.red.2011.09.002
Autor:
Miquel Faig, Zhe Li
Publikováno v:
Journal of Monetary Economics. 56:1004-1013
The monetary search model by Lagos and Wright (2005) is extended with imperfect information about nominal shocks as in Lucas (1972). An analytical solution exists with logarithmic preferences. In general, individuals hold precautionary balances. Cali
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::df3bd405877c7c0127606175c9ae3a00
https://doi.org/10.1016/j.jmoneco.2009.09.005
https://doi.org/10.1016/j.jmoneco.2009.09.005
Autor:
Gregory Gagnon, Miquel Faig
Publikováno v:
Journal of Macroeconomics. 30:1723-1737
If collateral for bank loans is scarce and, if as a result, access to secured loans is restricted, the allocation of resources is inefficient. In anticipation of future borrowing constraints, individuals over-invest in collateralized types of capital
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::ccb487450341e13d7d1c1e8667a820dd
https://doi.org/10.1016/j.jmacro.2008.06.002
https://doi.org/10.1016/j.jmacro.2008.06.002
Autor:
Miquel Faig
Publikováno v:
Journal of Economic Theory. 141:184-199
In the Lagos-Wright model [R. Lagos, R. Wright, A unified framework for monetary theory and policy analysis, J. Polit. Economy 113 (2005) 463–484], the quasi-linear preferences assumption is not necessary to generate simple distributions of money h
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::ba09214e789ef0e8861547af081130e3
https://doi.org/10.1016/j.jet.2007.09.007
https://doi.org/10.1016/j.jet.2007.09.007
Autor:
Miquel Faig, Belén Jerez
Publikováno v:
e-Archivo. Repositorio Institucional de la Universidad Carlos III de Madrid
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Inflation, as a tax on money, gives buyers an incentive to reduce their money balances. Sellers are aware of this incentive and try to attract buyers by announcing price offers that induce buyers to spend a larger fraction of their money. We examine
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::0827736789e508877885ec5e5858178f
https://doi.org/10.1111/j.1538-4616.2007.00048.x
https://doi.org/10.1111/j.1538-4616.2007.00048.x
Autor:
Miquel Faig, Pauline Shum
Publikováno v:
Journal of Banking & Finance. 30:2579-2597
This is an empirical study of the determinants of stock holdings using data from the US Survey of Consumer Finances from 1992 to 2001. There is a great heterogeneity in the way households form their portfolios. Stock ownership is positively correlate
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::1242ac1a174cbdbc6ca7ec73feb34519
https://doi.org/10.1016/j.jbankfin.2005.11.006
https://doi.org/10.1016/j.jbankfin.2005.11.006
Autor:
Belén Jerez, Miquel Faig
Publikováno v:
e-Archivo. Repositorio Institucional de la Universidad Carlos III de Madrid
instname
instname
The theory of commerce advanced here captures prominent features of retail trade: large employment, congestion effects, anonymous posted prices, and quantity discounts. This theory is built around a directed search model where buyers’ preferences a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::9625e457796da93cef7b1e8ff5059729
https://doi.org/10.1016/j.jet.2004.04.002
https://doi.org/10.1016/j.jet.2004.04.002
Autor:
Pauline Shum, Miquel Faig
Publikováno v:
The Journal of Finance. 57:303-328
Personal projects, such as a private business or the purchase of a home, influence individuals' portfolio choice. We conduct a theoretical analysis of this influence when financial assets are required to provide liquidity to personal projects. Due to
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::f6253750bd7974cdc4861b1c33efa9c6
https://doi.org/10.1111/1540-6261.00423
https://doi.org/10.1111/1540-6261.00423
Autor:
Miquel Faig
Publikováno v:
Economic Inquiry. 39:499-510
MIQUEL FAIG (*) I. INTRODUCTION Many forms of investment are irreversible. A growing body of literature (1) has shown that irreversibility is important for firms' investment decisions under uncertainty. However, we still know little about the consequ
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::7ce381828574b0a7bde34ae5ec0442fb
https://doi.org/10.1093/ei/39.4.499
https://doi.org/10.1093/ei/39.4.499