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The pitfalls in inferring risk from financial market data
Bliss, Robert R. (contributor) - 2000 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001658371
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Modeling the Evolution of Expectations and Uncertainty in General Equilibrium
Bianchi, Francesco; Melosi, Leonardo - Federal Reserve Bank of Chicago - 2013
We develop methods to solve general equilibrium models in which forward-looking agents are subject to waves of pessimism, optimism, and uncertainty that turn out to critically affect macroeconomic outcomes. Agents in the model are fully rational, conduct Bayesian learning, and they know that...
Persistent link: https://www.econbiz.de/10010739554
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Human Capital Risk, Contract Enforcement, and the Macroeconomy
Krebs, Tom; Kuhn, Moritz; Wright, Mark L. J. - Federal Reserve Bank of Chicago - 2014
households with children are under-insured against the risk that an adult member of the household dies. We develop a tractable … macroeconomic model with human capital risk, age-dependent returns to human capital investment, and endogenous borrowing constraints … capital risk. A calibrated version of the model can quantitatively account for the life-cycle variation of life …
Persistent link: https://www.econbiz.de/10011093784
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Economic perspectives
Federal Reserve Bank of Chicago - Chicago, Ill. : Research Dept. of the Federal Reserve Bank - 1.1977 - 6.1982; 13.1989 -
Persistent link: https://www.econbiz.de/10000361175
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Platform competition in two-sided markets : the case of payment networks
Chakravorti, Sujit (contributor); Roson, Roberto (contributor) - 2004
Persistent link: https://www.econbiz.de/10002677519
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Firing costs and business cycle fluctuations
Veracierto, Marcelo (contributor) - 2003 - [Elektronische Ressource]
"This paper evaluates to what extent the introduction of firing costs can affect the aggregate dynamics of a neoclassical growth model with hetrogeneous establishments. Similarly to the previous literature, firing costs are found to have large steady- state effcts. However, they have no...
Persistent link: https://www.econbiz.de/10001909318
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The immediacy implications of exchange organization
Moser, James T. (contributor) - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001697094
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Do safeguard tariffs and antidumping duties open or close technology gaps?
Crowley, Meredith A. (contributor) - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001717051
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On the cyclical behavior of employment, unemployment and labor force participation
Veracierto, Marcelo (contributor) - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001717055