Zobrazeno 1 - 10
of 11
pro vyhledávání: '"Pontus Rendahl"'
Autor:
Pontus Rendahl
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e05e056a2b8583c6326c4105ac241947
https://doi.org/10.2139/ssrn.4134163
https://doi.org/10.2139/ssrn.4134163
Publikováno v:
Journal of Monetary Economics
In search-and-matching models, the nonlinear nature of search frictions increases average unemployment rates during periods with higher volatility. These frictions are not, however, by themselves sufficient to raise unemployment following an increase
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::5f7dd6bbe3d070464fda1747c227f2c3
http://eprints.lse.ac.uk/111568/
http://eprints.lse.ac.uk/111568/
Autor:
Pontus Rendahl
Publikováno v:
Journal of Economic Dynamics and Control. 144:104522
Solving a workhorse incomplete markets model in continuous time is many times faster compared to its discrete time counterpart. This paper dissects the computational discrepancies and identifies the key bottlenecks. The implicit finite difference met
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::b2ff1a4074c559c922be0e984487882e
https://doi.org/10.1016/j.jedc.2022.104522
https://doi.org/10.1016/j.jedc.2022.104522
Publikováno v:
SSRN Electronic Journal.
We study the gains from trade in a new model with oligopolistic competition, firm heterogeneity, and innovation. Lowering trade costs reduces markups on domestic sales but increases markups on export sales, as firms do not pass the entire reduction i
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::9f7b972da1cd093f43c85fc7c0f1e07d
https://doi.org/10.2139/ssrn.3832477
https://doi.org/10.2139/ssrn.3832477
Publikováno v:
Journal of the European Economic Association
Recercat. Dipósit de la Recerca de Catalunya
instname
Recercat: Dipósit de la Recerca de Catalunya
Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
Repositorio Digital de la UPF
Universitat Pompeu Fabra
Dipòsit Digital de Documents de la UAB
Universitat Autònoma de Barcelona
Recercat. Dipósit de la Recerca de Catalunya
instname
Recercat: Dipósit de la Recerca de Catalunya
Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
Repositorio Digital de la UPF
Universitat Pompeu Fabra
Dipòsit Digital de Documents de la UAB
Universitat Autònoma de Barcelona
The interaction of incomplete markets and sticky nominal wages is shown to magnify business cycles even though these two features—in isolation—dampen them. During recessions, fears of unemployment stir up precautionary sentiments that induce agen
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::772835e2296e01e16738ebfd8560bb7d
Autor:
Pontus Rendahl
Publikováno v:
The Economic Journal. 125:1110-1135
Solving dynamic models with inequality constraints poses a challenging problem for two major reasons: dynamic programming techniques are reliable but often slow, whereas Euler equation-based methods are faster but have problematic or unknown converge
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::598886af1e5aef473af19107d3daf5b8
https://doi.org/10.1111/ecoj.12115
https://doi.org/10.1111/ecoj.12115
Autor:
Pontus Rendahl
Publikováno v:
International Economic Review. 53:743-770
This article studies a model of consumption, savings, and job search in which a borrowing constraint limits self-insurance. The government administers the unemployment insurance program that may condition on an individual’s asset position, but not
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::7b53bd4ab07d8e7c45d193c2b9feadd5
https://doi.org/10.1111/j.1468-2354.2012.00699.x
https://doi.org/10.1111/j.1468-2354.2012.00699.x
Autor:
Pontus Rendahl, Wouter J. Den Haan
Publikováno v:
Journal of Economic Dynamics & Control, 34(1), 69-78. Elsevier
We propose a method to solve models with heterogeneous agents and aggregate uncertainty. The law of motion describing aggregate behavior is obtained by explicitly aggregating the individual policy rule. The algorithm is simpler and faster than existi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::f3760ae163535c9758752bb4ab4b5fc3
https://doi.org/10.1016/j.jedc.2008.12.008
https://doi.org/10.1016/j.jedc.2008.12.008
environment, an increase in the risk of remaining unemployed for a long time increases precautionary savings and reduces aggregate demand, which in turn exacerbates the unemployment duration further. We show that this feedback mechanism can propagate
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::758300274c28092f5669bd3bc4b2044b
https://economicdynamics.org/meetpapers/2014/paper_1062.pdf
https://economicdynamics.org/meetpapers/2014/paper_1062.pdf
Autor:
Pontus Rendahl
This paper argues that the effectiveness of fiscal policy may increase markedly during periods of low nominal interest rates and high, persistent, unemployment. An increase in government spending boosts economic activity and reduces the unemployment
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::20ee441f44c882f07c6a33e4e09b7ad9