Showing 1 - 10 of 121
, we observe interesting patterns in the skill composition, employment opportunities and wages for migrants to the …
Persistent link: https://www.econbiz.de/10005406154
economic crises during the 1990s. We find that the severity of crisis has had a positive impact on the subsequent pace of …
Persistent link: https://www.econbiz.de/10009645638
Building on the framework put forward by Delli Gatti et al. 2011, in this paper we present and discuss a Macroeconomic Agent-Based Model with Capital and Credit (hereafter CC-MABM). The novelty of this model with respect to the previous framework consists in the introduction of capital goods...
Persistent link: https://www.econbiz.de/10010764279
The distributional consequences of the recent economic crisis are still broadly unknown. While it is possible to …, administrative matched employer-employee data. The distributional analysis is then conducted by transposing predicted employment …
Persistent link: https://www.econbiz.de/10008914277
I review the state of the art of the academic theoretical and empirical literature on the potential trade-off between competition and stability in banking. There are two basic channels through which competition may increase instability: by exacerbating the coordination problem of...
Persistent link: https://www.econbiz.de/10008572523
automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional …
Persistent link: https://www.econbiz.de/10008583723
In an integrated economy-ecosystem model humans choose their land use and leave the residual land as habitat for three species forming a food chain. The size of habitat determines the diversity and abundance of species. That biodiversity generates, in turn, a flow of ecosystem services with...
Persistent link: https://www.econbiz.de/10005405887
A small open economy produces a consumer good, green and black energy, and imports fossil fuel at an uncertain price. Unregulated competitive markets are shown to be inefficient. The implied market failures are due to the agents’ attitudes toward risk, to risk shifting and the uniform price...
Persistent link: https://www.econbiz.de/10008572483
This paper examines strategic incentives to subsidize green energy in a group of countries that operates an international carbon emissions trading scheme. Welfare-maximizing national governments have the option to discriminate against energy from fossil fuels by subsidizing green energy,...
Persistent link: https://www.econbiz.de/10008583699
This paper investigates Becker, Hornung and Woessmann’s recent claim that education had an important causal effect on … problems, notably the omission of relevant variables which leads to serious bias in the estimated effect of education. When … these problems are corrected, the conclusions of Becker, Hornung and Woessmann no longer hold. Education did not play an …
Persistent link: https://www.econbiz.de/10010877667