The Stochastic Lower Bound

Autor: Riccardo M. Masolo, Pablo Winant

Publikováno v: Economics Letters. 180:54-57

Since the Great Recession policy rates have been extremely low, but neither absolutely constant, nor exactly set to zero. We thus augment a standard Zero Lower Bound (ZLB) model to study the effects of a Stochastic Lower Bound (SLB) on policy rates.

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::3cfa16a10150fb31d91e22f772873eda
https://doi.org/10.1016/j.econlet.2019.03.026

Inequality, Leverage, and Crises

Autor: Michael Kumhof, Romain Rancière, Pablo Winant

Publikováno v: American Economic Review
American Economic Review, American Economic Association, 2015, 105 (3), pp.1217-1245. ⟨10.1257/aer.20110683⟩

The paper studies how high household leverage and crises can be caused by changes in the income distribution. Empirically, the periods 1920–1929 and 1983–2008 both exhibited a large increase in the income share of high-income households, a large

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::06444e4213c03520e81c34e69810568b
https://halshs.archives-ouvertes.fr/halshs-01207208

The risky steady state

Autor: Nicolas Coeurdacier, Pablo Winant, Hélène Rey

We propose a simple quantitative method to linearize around the risky steady state of a small open economy. Unlike when the deterministic steady state is used, the net foreign asset position is well defined. We allow for stochastic income and stochas

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::37cf428c931c3fa41396237cdbbcb9a9
https://hal-sciencespo.archives-ouvertes.fr/hal-00972801

A Larch Vector Valued Process

Autor: Paul Doukhan, Gilles Teyssière, Pablo Winant

We introduce a vector version of the LARCH(1) equation yielding asimple approach to various models like bilinear or GARCH models. To this aim weprovide an explicit chaotic expansion of a solution for this ARCH(1) equation, andshow the uniqueness of t

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=od_______645::ed2e7d188ecf9a6b3b0431c286a065f5
http://www.crest.fr/images/doctravail/2005-49.pdf

À la veille de l'effondrement du dollar ?

Autor: Pablo Winant

Publikováno v: Regards croisés sur l'économie. 3:43

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::e49b8dfd3db18f748670c2dbaeb59e84
https://doi.org/10.3917/rce.003.0043