Zobrazeno 1 - 10
of 827
pro vyhledávání: '"jel:E0"'
Publikováno v:
The Economic Journal. 132:2075-2100
A safe asset’s real value is insulated from shocks, including declines in GDP from rare macroeconomic disasters. However, in a Lucas-tree world, the aggregate risk is given by the process for GDP and cannot be altered by the creation of safe assets
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::4bf9257bf0f0955cad70abd8274e4eb6
https://doi.org/10.1093/ej/ueac017
https://doi.org/10.1093/ej/ueac017
Autor:
Eric Kam
This paper demonstrates a robust proof of the continuous-time transformations of Stockman's cash-in-advance constraints. When the constraint applies to consumption and capital purchases, monetary growth lowers steady state consumption and capital. Wh
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::31376a0ffbb663e40f719926d898288e
https://doi.org/10.32920/ryerson.14639832
https://doi.org/10.32920/ryerson.14639832
Autor:
Margarida Duarte, Diego Restuccia
Publikováno v:
Journal of the European Economic Association. 18:1400-1443
Lack of comprehensive sectoral productivity data across a large set of countries has turned researchers to structural analysis using detailed international price data to infer cross country productivity at the sector level. Because the relative price
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::23ca8c3386c594864c3a9682be5fb805
https://doi.org/10.1093/jeea/jvz022
https://doi.org/10.1093/jeea/jvz022
Publikováno v:
Econometrica. 86:1689-1726
We enrich workhorse macroeconomic models with a mechanism that proxies strategic uncertainty and that manifests itself as waves of optimism and pessimism about the short-term economic outlook. We interpret this mechanism as variation in "confidence"
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::68e03d052cfc3f859e1d454ef33db9ca
https://doi.org/10.3982/ecta13079
https://doi.org/10.3982/ecta13079
Publikováno v:
The Review of Economic Studies. 85:2042-2096
We study the impact of regional and sectoral productivity changes on the U.S. economy. To that end, we consider an environment that captures the effects of interregional and intersectoral trade in propagating disaggregated productivity changes at the
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::004c9065566d0cca487aa5fd73f2fab1
https://doi.org/10.1093/restud/rdx082
https://doi.org/10.1093/restud/rdx082
Autor:
Chaoran Chen
Publikováno v:
American Economic Journal: Macroeconomics. 9:91-121
The prevalence of untitled land in poor countries helps explain the international agricultural productivity differences. Since untitled land cannot be traded across farmers, it creates land misallocation and distorts individuals' occupational choice
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::51cc8d98ebff920905e5f78bcde53583
https://doi.org/10.1257/mac.20140171
https://doi.org/10.1257/mac.20140171
Publikováno v:
Journal of Econometrics. 199:74-92
Factor models, all particular cases of the Generalized Dynamic Factor Model (GDFM) introduced in Forni et al., (2000), have become extremely popular in the theory and practice of large panels of time series data. The asymptotic properties (consistenc
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::e308c7377e414b5a920045a26525d622
https://doi.org/10.1016/j.jeconom.2017.04.002
https://doi.org/10.1016/j.jeconom.2017.04.002
Publikováno v:
Journal of Economic Behavior & Organization. 135:143-180
This paper is an exploratory analysis of the role that banks play in supporting what Jevons called the "mechanism of exchange." It considers a model economy in which exchange activities are facilitated and coordinated by a self-organizing network of
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::46d89ab23acb449618fd69b97ed1f0b9
https://doi.org/10.1016/j.jebo.2016.12.023
https://doi.org/10.1016/j.jebo.2016.12.023
Differential games of common resources that are governed by linear accumulation constraints have several applications. Examples include political rent-seeking groups expropriating public infrastructure, oligopolies expropriating common resources, ind
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::c3e18ab28865f4176de4234349f83103
http://publikationen.ub.uni-frankfurt.de/files/52543/SSRN-id3516167.pdf
http://publikationen.ub.uni-frankfurt.de/files/52543/SSRN-id3516167.pdf
Autor:
Jones, Charles I.
Publikováno v:
Journal of Political Economy. 124:539-578
Some technologies save lives -- new vaccines, new surgical techniques, safer highways. Others threaten lives -- pollution, nuclear accidents, global warming, the rapid global transmission of disease, and bioengineered viruses. How is growth theory al
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::fe0098f3b5697c55affbae38b28ebab8
https://doi.org/10.1086/684750
https://doi.org/10.1086/684750