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We estimate the macroeconomic benefits and international spillovers of an increase in competition using a general …-equilibrium simulation model with nominal rigidities and monopolistic competition in product and labor markets. We draw three conclusions … after calibrating the model to the euro area against the rest of the industrial world. First, greater competition produces …
Persistent link: https://www.econbiz.de/10002101549
The boom and subsequent bust in housing construction and prices over the 2000s is widely regarded as a principal contributor to the Financial Panic of 2007 and the subsequent Great Recession. As of this writing, housing market activity remains at depressed levels as the economy slowly resolves...
Persistent link: https://www.econbiz.de/10010551306
Remarks at the Quarterly Regional Economic Press Briefing, New York City.
Persistent link: https://www.econbiz.de/10010724937
Remarks at the New Jersey Bankers Association Economic Forum, Iselin, New Jersey.
Persistent link: https://www.econbiz.de/10010724975
Remarks at the Dutchess County Regional Chamber of Commerce, Fishkill, New York.
Persistent link: https://www.econbiz.de/10010724996
Remarks at the State University of New York at New Paltz, New Paltz, New York.
Persistent link: https://www.econbiz.de/10010725041
The scale of the recent collapse in asset values and the magnitude of the recession suggest that activities connected to the increase in values over the 2002-07 period--notably, expansion of the financial markets, homebuilding, and real estate--were overstated. If this is true, aggregate U.S....
Persistent link: https://www.econbiz.de/10008636159
Persistent link: https://www.econbiz.de/10005387352
Persistent link: https://www.econbiz.de/10005514892
industry is unusual because there exist two horizontally segmented retail markets with different degrees of competition: the … predicts that competition is the key driver of the rate at which technology is adopted. …
Persistent link: https://www.econbiz.de/10008598716