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pro vyhledávání: '"Sharon G. Harrison"'
Autor:
Sharon G. Harrison, Lorán Chollete
Publikováno v:
Eastern Economic Journal
When a policymaker introduces a novel policy, she will not know what citizens' choices will be under the policy, and citizens themselves may have to construct new choice sets. This imparts inherent ambiguity to novel policy implementation: The policy
Autor:
Sharon G. Harrison, Pietro Battiston
Publikováno v:
SSRN Electronic Journal.
Models with sunspot equilibria have long been a topic of interest among economists. It then becomes an interesting question to ask whether there is empirical support for their existence. One approach to answering this question is through lab experime
Autor:
Sharon G. Harrison, Jang-Ting Guo
Publikováno v:
Pacific Economic Review. 20:268-281
bs_bs_banner Pacific Economic Review, 20: 2 (2015) doi: 10.1111/1468-0106.12106 pp. 268–281 INDETERMINACY WITH PROGRESSIVE TAXATION AND SECTOR-SPECIFIC EXTERNALITIES J ANG -T ING G UO * University of California S HARON G. H ARRISON Columbia Univers
Autor:
Sharon G. Harrison, Jang-Ting Guo
Publikováno v:
Journal of Public Economic Theory. 10:383-397
It has been shown that an otherwise standard one-sector real business cycle model may exhibit indeterminacy and sunspots under a balanced-budget rule that consists of fixed and “wasteful” government spending and proportional income taxation. Howe
Autor:
Natalia Gershun, Sharon G. Harrison
Publikováno v:
Macroeconomic Dynamics. 12:50-71
We explore asset pricing in the context of the one-sector Benhabib-Farmer-Guo (BFG) model with increasing returns to scale in production and compare our results with financial implications of the standard dynamic stochastic general equilibrium (DSGE)
Autor:
Jang-Ting Guo, Sharon G. Harrison
Publikováno v:
European Economic Review. 50:1339-1346
We show that in a standard, technology shock-driven one-sector real business cycle model, the stabilization effects of government fiscal policy depend crucially on how labor hours enter the household's period utility function and the associated labor
Autor:
Sharon G. Harrison
Publikováno v:
Eastern Economic Journal. 31:55-73
I examine a model with an indeterminate equilibrium in which business cycles are driven by sunspot shocks. I focus on the possibility that the sunspot shocks reflect consumer confidence. I compute an implied series of sunspot shocks using the interte
Autor:
Jang-Ting Guo, Sharon G. Harrison
Publikováno v:
Journal of Economic Theory. 119:357-363
It has been shown that under perfect competition and constant returns-to-scale, a one-sector real business cycle model may exhibit indeterminacy and sunspots when income tax rates are determined by a balanced-budget rule with a pre-set level of gover
Autor:
Sharon G. Harrison
Publikováno v:
Review of Economic Dynamics. 6:963-976
Using data on US manufacturing, I estimate internal returns to scale and external effects for the consumption and investment sectors. I construct panels of data at the industry level and use results of gross output production function estimation to d
Autor:
Sharon G. Harrison, Mark Weder
Publikováno v:
Harrison, S G & Weder, M 2002, ' Tracing externalities as sources of indeterminacy ', Journal of Economic Dynamics and Control, vol. 26, no. 5, pp. 851-867 . https://doi.org/10.1016/S0165-1889(00)00085-3
This paper offers further inquiry into sources of indeterminacy in general equilibrium. We take a more agnostic approach than previous work as we allow for a more general interpretation of externalities. In particular, we identify the origin of scale