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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 …
Persistent link: https://www.econbiz.de/10005412854
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A calibrated structural model of the Czech economy
Hlédik, Tibor - EconWPA - 2004
The paper presents a structural model framework for a small open economy. The model, based on optimising households and firms, has been calibrated on Czech macroeconomic data in order to develop an analytic framework suitable for analysing key policy questions related to the Czech Republic’s...
Persistent link: https://www.econbiz.de/10005076689
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Economia sintetica
Vildosola, Luis - EconWPA - 1998
Theoretical study identifying one modality with conditions necesary for the financial stabilization of an inherently unstable system; and 5040 other unstable dynamic modes. It draws on knowledge made available by the academic field of Control Engineering.
Persistent link: https://www.econbiz.de/10005125628
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The New Keynesian Phillips Curve: Some Counterfactual Evidence
Paez-Farrell, Juan - EconWPA - 2003
New Keynesian models of the business cycle have become the new paradigm of monetary economics, often used for policy analysis. This paper shows that this class of models fail in one crucial respect: they imply a strong negative contemporaneous correlation between inflation and output....
Persistent link: https://www.econbiz.de/10005126399
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Monetary Policy and Business Cycle Analysis in an Optimising Model with Expectations Lags
Paez-Farrell, Juan - EconWPA - 2003
Monetary models of the business cycle often neglect the importance of investment and the capital stock in the monetary … transmission mechanism. Most of the recent literature assumes either investment adjustment costs or ignores capital altogether … firms face a planning period before undertaking investment expenditures. The resulting model is able to replicate some of …
Persistent link: https://www.econbiz.de/10005412707
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On the Distribution of City Sizes
Cordoba, Juan Carlos - EconWPA - 2003
The city size distribution of many countries is remarkably well approximated by a Pareto distribution. We study what constraints this regularity imposes on standard urban models. We find that under general conditions urban models must have (i) a balanced growth path and (ii) a Pareto...
Persistent link: https://www.econbiz.de/10005124889
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Trade Liberalization in Agriculture in Developed Nations and Incidence of Child Labour in a Developing Economy
Chaudhuri, Sarbajit; Dwibedi, Jayanta Kumar - EconWPA - 2005
This paper is an attempt to analyze the consequence of trade liberalization in agriculture in the developed countries on the incidence of child labour in a developing economy in terms of a three- sector general equilibrium model with informal sectors. Adult labour and child labour are...
Persistent link: https://www.econbiz.de/10005124906
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Trading Population for Productivity
Galor, Oded; Mountford, Andrew - EconWPA - 2004
nations they were directed towards investment in education and growth in output per capita. International trade enhanced the … an investment in the quality of the population, expediting the demographic transition, stimulating technological progress …
Persistent link: https://www.econbiz.de/10005125617
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Dynamic Heckscher-Ohlin Results from a 2x2x2x2 Overlapping Generations Model with Unequal Population Growth Rates
Sayan, Serdar - EconWPA - 2002
This paper considers a two-country world where the population in one country grows faster than the other, and investigates the implications of the addition of non-stationary population dynamics to a simple 2- commodity, 2-factor model of international trade within an overlapping- generations...
Persistent link: https://www.econbiz.de/10005125629
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CHILD LABOUR AND TRADE LIBERALIZATION IN A DEVELOPING ECONOMY
Chaudhuri, Sarbajit; Gupta, Manash Ranjan - EconWPA - 2005
The paper analyzes the implications of trade liberalization on the incidence of child labour in a two-sector general equilibrium framework. The supply function of child labour has been derived from the utility maximizing behaviour of the working families. The paper finds that the effect of trade...
Persistent link: https://www.econbiz.de/10005125728