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Long Run Effects of Money on Real Consumption and Investment in the U.S.
Shelley, Gary L.; Wallace, Frederick H. - EconWPA - 2004
consumption and investment expenditures, as well as their broadly defined components, are examined. We also test for effects of … money on long run reallocations of consumption expenditures among durables, nondurables, and services. The time series …This paper tests for long run effects of money on real expenditures in the U.S. over the 1959-2002 period. Real …
Persistent link: https://www.econbiz.de/10005412854
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Money and the transmission mechanism in the optimizing IS-LM specification
Nelson, Edward - Federal Reserve Bank of St. Louis - 2003
recognition to the intertemporal nature of households' saving decisions. Like traditional IS-LM, however, the optimizing version … tends to understate the value of money as an indicator for monetary policy. …
Persistent link: https://www.econbiz.de/10005707651
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Progress and confusion : the state of macroeconomic policy
Blanchard, Olivier (ed.); Rajan, Raghuram Govind (ed.);  … - Internationaler Währungsfonds - 2016
A roadmap to "rethinking macro" / Olivier Blanchard and Rafael Portillo -- Debt supercycle not secular stagnation / Kenneth Rogoff -- Rethinking secular stagnation after seventeen months / Lawrence Summers -- Systemic risk and financial regulation -- A note from the session on systemic risk and...
Persistent link: https://www.econbiz.de/10011539887
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International evidence on the stability of the optimizing IS equation
Kara, Amit (contributor); Nelson, Edward (contributor) - 2003 - [Elektronische Ressource], rev
Persistent link: https://www.econbiz.de/10001982872
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What can we see from Investment Simulation based on Generalized (m,2)-Zipf law?
Situngkir, Hokky; Surya, Yohanes - EconWPA - 2005
The paper revisits the investment simulation based on strategies exhibited by Generalized (m,2)-Zipf law to present an … particular length of words, we can see how wild historical fluctuations over time series data coped with the Zipf strategies. …
Persistent link: https://www.econbiz.de/10005561693
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The economy of the West Bank and Gaza Strip : recent experience, prospects, and challenges to private sector development
Barnett, Steven A. (contributor); Calika, Nur (contributor);  … - 1998
Persistent link: https://www.econbiz.de/10000659650
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Estimating and testing intertemporal preferences: A unified framework for consumption, work and savings
Chin, William - EconWPA - 2004
are found not to equal zero and this in turns affects all estimates of consumption, labor supply and saving elasticities … profit function rationalizing consumption, labor supply and savings is specified, estimated and used to test commonly … maintained separability hypotheses. Both consumption- labor and time separability are rejected. Cross-price Frisch elasticities …
Persistent link: https://www.econbiz.de/10005125687
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Estimating and testing preferences for consumption, work hours and savings using the PSID, the profit function and the true dynamic budget constraint
Chin, William - EconWPA - 2003
are found not to equal zero and this in turns affects all estimates of consumption, labor supply and saving elasticities. … profit function rationalizing consumption, labor supply and savings is specified, estimated and used to test commonly … maintained separability hypotheses. Both consumption- labor and time separability are rejected. Cross-price Frisch elasticities …
Persistent link: https://www.econbiz.de/10005561778
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Micro Takes Over Macro
Gani, M - EconWPA - 2004
the production and consumption decisions of the individual in one model. For each individual, it identifies the customers … customers. These relations deal with value (quantities and prices), payment (subsistence, barter, money, and bond) and …
Persistent link: https://www.econbiz.de/10005412698
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Interrelationships Between Labor and Capital Adjustment Decisions
Narazani, Edlira - EconWPA - 2004
superior management expertise that allows them to predict market fluctuations and plan the expansion and investment strategies …) adjustment and validate the use of a discrete choice modelling thereafter. Investment process occurs more smoothly than … anticipate the investment spikes by hiring one year in advance in addition to the simultaneous hiring. These firms possess a …
Persistent link: https://www.econbiz.de/10005408290