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Market Institutions, Labor Market Dynamics, Growth and Productivity: Argentina

Sanchez, Gabriel; Butler, Ines - Econometric Society - 2004

This paper seeks to shed light on how manufacturing job flows and productivity in Argentina were affected during the … of 20 manufacturing industries for which data on jobs and productivity are available for the 1990-2001 period on a … quarterly basis and different tests for the effect of reforms on job flows and productivity are performed. The main findings are …

Persistent link: https://www.econbiz.de/10005328896

Inflation Dynamicsâ€™ Micro Foundations: How Important is Imperfect Competition Really?

Murillo, Jose A.; Castellanos, Sara G. - Econometric Society - 2004

This paper analyzes price formation and dynamics according to the industry structure. It divides manufacturing industries of Mexico into two groups: perfectly and imperfectly competitive. The results show that imperfectly competitive industries predominate. Then this classification is used to...

Persistent link: https://www.econbiz.de/10005328869

Expectation Formation and Endogenous Fluctuations in Aggregate Demand

Dudek, Maciej K. - Econometric Society - 2004

The paper recognizes that expectations and the process of their formation are subject to standard decision making and are determined as a part of equilibrium. Accordingly, the paper presents a basic framework in which the form of expectation formation is a choice variable. At any point in time...

Persistent link: https://www.econbiz.de/10005328882

Economic Fluctuations in Central and Eastern Europe. The Facts

RÃTFAI, ATTILA; BENCZÚR, PÉTER - Econometric Society - 2004

applies to employment, real wages and productivity, emphasizing the role of real shocks. Employment is coincidental or leading …

Persistent link: https://www.econbiz.de/10005328918

The States vs. the states: On the Welfare Cost of Business Cycles in the U.S.

Robe, Michel A.; Pallage, Stephane - Econometric Society - 2004

Extant estimates of the welfare cost of business cycles suggest that this cost is quite low and might well be minuscule. Those estimates are based on consumption data for the United States as a whole. The volatility of aggregate consumption, however, is much stronger at the state level. We argue...

Persistent link: https://www.econbiz.de/10005328988

Is there a sufficient risk sharing between Australia and New Zealand?

Sheen, Jeffrey; Kim, David - Econometric Society - 2004

In recent years, there has been much debate on whether or not countries in a region should adopt a common currency. One of the criteria for assessing the suitability of forming a currency union is whether there is a sufficient risk-sharing mechanism in operation. Although adopting a common...

Persistent link: https://www.econbiz.de/10005342138

International Business Cycles: Evidence from Capital Coefficient Based Measures of Capacity Utilisation

Graff, Michael - Econometric Society - 2004

The paper refers to capacity utilisation, applying a short-cut that is sometimes used in business cycle research to yearly GDP and investment data from 1960 to the present for 22 countries. The basic idea is that the empirical short-run fluctuations of the capital output ratio v are mainly due...

Persistent link: https://www.econbiz.de/10005342165

Single Source of Error State Space Approach to the Beveridge Nelson Decomposition

Low, Chin Nam; Anderson, Heather; Snyder, Ralph - Econometric Society - 2004

The use of the Beveridge Nelson decomposition in macroeconomic analysis involves the truncation and estimation of infinite weighted sums of random variables, whereas the single source of error (SSE) state space approach provides a simple and effective framework that leads to exactly the same...

Persistent link: https://www.econbiz.de/10005342170

Do Technology Shocks Drive Hours Up or Down?

Rossi, Barbara; Pesavento, Elena - Econometric Society - 2004

This paper analyzes the robustness of the estimate of a positive productivity shock on hours to the presence of a … productivity shock has a negative effect on hours, as in Francis and Ramey (2001), but the effect is much more short-lived, and …

Persistent link: https://www.econbiz.de/10005342192

Real Business Cycles and Automatic Stabilizers

Harrison, Sharon G.; Guo, Jang-Ting - Econometric Society - 2004

infinite-horizon representative agent (real business cycle, RBC) models with equilibrium determinacy and exogenous productivity …

Persistent link: https://www.econbiz.de/10005342226