Zobrazeno 1 - 10 of 217 pro vyhledávání: '"Wouter J. Den Haan"'
1
Volatile hiring: uncertainty in search and matching models
Autor: Lukas Freund, Pontus Rendahl, Wouter J. Den Haan
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/
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2
Agnostic structural disturbances (ASDs): detecting and reducing misspecification in empirical macroeconomic models
Autor: Thomas Drechsel, Wouter J. Den Haan
Exogenous random structural disturbances are the main driving force behind fluctuations in most business cycle models and typically a wide variety is used. This paper documents that a minor misspecification regarding structural disturbances can lead
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::a95b03c40740644f0140f8e4f0f1638e
http://eprints.lse.ac.uk/103147/
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3
Inefficient continuation decisions, job creation costs, and the cost of business cycles
Autor: Petr Sedlacek, Wouter J. Den Haan
Publikováno v: Quantitative Economics. 5:297-349
This paper develops a model according to which the costs of business cycles are nontrivial because they reduce the average level of output. The reason is an interaction between job creation costs and an agency problem. The agency problem triggers sep
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::b4625d2bebff3262fc641e5c23e3c0e0
https://doi.org/10.3982/qe253
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4
Unemployment (Fears) and Deflationary Spirals
Autor: Wouter J Den Haan, Pontus Rendahl, Markus Riegler
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
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
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5
The Role of Debt and Equity Finance Over the Business Cycle
Autor: Wouter J. Den Haan, Francisco Covas
Publikováno v: Economic Journal, 122(565), 1262-1286. Wiley-Blackwell
If equity issuance is introduced into the costly state verification framework and the friction firms face in raising equity is acyclical, then the model cannot simultaneously generate procyclical equity issuance and a countercyclical default rate. Th
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::83bbc75490c5f5d9854fa4ba0ab82848
https://doi.org/10.1111/j.1468-0297.2012.02528.x
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6
Nonlinear and stable perturbation-based approximations
Autor: Wouter J. Den Haan, Joris de Wind
Publikováno v: Journal of Economic Dynamics & Control, 36(10), 1477-1497. Elsevier
Users of regular higher-order perturbation approximations can face two problems: policy functions with odd undesirable shapes and simulated data that explode. Kim, Kim, Schaumburg, and Sims (2008) propose an alternative, namely pruned perturbation, w
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::52fce34946c36e4a621290a92cb4b6e9
https://dare.uva.nl/personal/pure/en/publications/nonlinear-and-stable-perturbationbased-approximations(cb176d5f-4769-4b97-8c16-d36351622132).html
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7
The cyclical behavior of debt and equity finance
Autor: Wouter J. Den Haan, Francisco Covas
Publikováno v: The American Economic Review, 101(2), 877-899. American Economic Association
Debt and equity issuance are procyclical for most size-sorted firm categories of listed US firms and the procyclicality of equity issuance decreases monotonically with firm size. At the aggregate level, however, the results for equity issuance are no
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d23f458cba045b74cb9c77da4e415e1b
https://hdl.handle.net/11245/1.344685
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8
The myth of financial innovation and the great moderation
Autor: Wouter J. Den Haan, Vincent Sterk
Publikováno v: Economic Journal, 121(553), 707-739. Wiley-Blackwell
Financial innovation is widely believed to be at least partly responsible for the recent financialcrisis. At the same time, there are empirical and theoretical arguments that support the view thatchanges in financial markets, in particular, innovatio
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::bce8e652944688aa95822768b80e84e6
https://hdl.handle.net/11245/1.358312
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9
Solving the incomplete markets model with aggregate uncertainty using explicit aggregation
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
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10
Solving the incomplete markets model with aggregate uncertainty using parameterized cross-sectional distributions
Autor: Olivier Allais, Yann Algan, Wouter J. Den Haan
Publikováno v: Journal of Economic Dynamics and Control
Journal of Economic Dynamics and Control, Elsevier, 2010, 34 (1), pp.59-68. ⟨10.1016/j.jedc.2009.03.010⟩
Journal of Economic Dynamics & Control, 34(1), 59-68. Elsevier
Journal of Economic Dynamics and Control, 34(1), 59-68 (2010-01)
This note describes how the incomplete markets model with aggregate uncertainty in Den Haan et al. [Comparison of solutions to the incomplete markets model with aggregate uncertainty. Journal of Economic Dynamics and Control, this issue] is solved us
Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::b52a409a264bb7e1bbef6893c26ab6c3
https://dare.uva.nl/personal/pure/en/publications/solving-the-incomplete-markets-model-with-aggregate-uncertainty-using-parameterized-crosssectional-distributions(31de9bf1-f61e-48f4-8c9f-09927bb7953c).html
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