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The Effects of Permanent Technology Shocks on Labour Productivity and Hours in the RBC Model

Lindé, Jesper - C.E.P.R. Discussion Papers - 2005

Recent work on the effects of permanent technology shocks argue that the basic RBC model cannot account for a negative correlation between hours worked and labour productivity. In this Paper, I show that this conjecture is not necessarily correct. In the basic RBC model, I find that hours worked...

Persistent link: https://www.econbiz.de/10005123547

Business Cycle Sychronization in the Enlarged EU

Darvas, Zsolt; Szapáry, György - C.E.P.R. Discussion Papers - 2005

This paper analyses the synchronization of business cycles between new and old EU members using various measures. The main findings are that Hungary, Poland and Slovenia have achieved a high degree of synchronization for GDP, industry and exports, but not for consumption and services. The other...

Persistent link: https://www.econbiz.de/10005792241

Are European Business Cycles Close Enough to be Just One?

Camacho, Maximo; Pérez-Quirós, Gabriel; Sáiz Matute, … - C.E.P.R. Discussion Papers - 2005

We propose a comprehensive methodology to characterize the business cycle comovements across European economies and some industrialized countries, always trying to ‘let the data speak’. Out of this framework, we propose a novel method to show that there is no ‘Euro economy’ that acts as...

Persistent link: https://www.econbiz.de/10005124454

The Choice of Exchange Rate Regime in Developing Countries: A Multinational Panel Analysis

von Hagen, Jürgen; Zhou, Jizhong - C.E.P.R. Discussion Papers - 2004

-effects multinomial panel models are estimated using simulation-based techniques. Explanatory variables include OCA fundamentals …

Persistent link: https://www.econbiz.de/10005789054

Solving Heterogeneous-Agent Models with Parameterized Cross-Sectional Distributions

Algan, Yann; Allais, Olivier; Den Haan, Wouter - C.E.P.R. Discussion Papers - 2007

disadvantages of the prevailing algorithm that strongly relies on simulation techniques and is easier to implement than existing … possible to avoid Monte Carlo integration. The paper also develops a new simulation procedure that not only avoids cross … finite number of agents. This procedure can help to improve the efficiency of the most popular algorithm in which simulation …

Persistent link: https://www.econbiz.de/10005114163

The Measurement of Policy Effects in a Non-Causal Model: An Application to Economic Policy in the UK, 1974-79

Artis, Michael J; Bladen-Hovell, Robin; Ma, Yue - C.E.P.R. Discussion Papers - 1991

There is a well-established methodology for measuring the effects of economic policy in a model that is `causal' or backward-looking. In this paper a complementary methodology is described for the case in which the model is `non-causal' or forward-looking. The methodology is then applied to an...

Persistent link: https://www.econbiz.de/10005281389

Globalisation and Migratory Pressures from Developing Countries: A Simulation Analysis

de Melo, Jaime; Ettinger, Charles; Faini, Riccardo - C.E.P.R. Discussion Papers - 1997

We use a Ricardo-Viner model to study the determinants of the supply of outmigration in developing countries in a model with heterogenous households. We assume that heterogeneity and migration costs prevent households from total migration. Data are calibrated to two archetypal developing...

Persistent link: https://www.econbiz.de/10005666737

The Next Birth and the Labour Market: A Dynamic Model of Births in England and Wales

De Cooman, Eric; Ermisch, John F; Joshi, Heather - C.E.P.R. Discussion Papers - 1985

The object of this paper is to see how far developments in the labour market can help to explain the fluctuations in births which have been experienced over the period 1952-1980 in England and Wales. We examine separately the period rate of childless women proceeding to the first birth, mothers...

Persistent link: https://www.econbiz.de/10005656378

Neoclassical Growth and Commodity Trade

Cuñat, Alejandro; Maffezzoli, Marco - C.E.P.R. Discussion Papers - 2002

We construct and numerically solve a dynamic Heckscher-Ohlin model in which the initial distribution of production factors in the world makes worldwide factor price equalization impossible, and leads countries to group in two diversification cones. We study the dynamics of income per capita and...

Persistent link: https://www.econbiz.de/10005504435

An Econometric Investigation of North-South Interdependence

Beenstock, Michael - C.E.P.R. Discussion Papers - 1988

In Centre for Economic Policy Research Discussion Paper Nos. 164 and 165 I presented econometric models of the industrialized countries (North) and the oil-importing developing countries (South). This paper links the two models so that the economic interdependence between North and South can be...

Persistent link: https://www.econbiz.de/10005504466

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