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Structural change in US wage determination

Rich, Robert W. (contributor); … - 2001 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001589687

Bank integration and business volatility

Morgan, Donald P. (contributor); Rime, Bertrand (contributor) - 2000 - [Elektronische Ressource]

We investigate how bank migration across state lines over the last quarter century has affected the size and covariance of business fluctuations within states. Starting with a two-state version of the unit banking model in Holmstrom and Triocole (1997), we conclude that the theoretical effect of...

Persistent link: https://www.econbiz.de/10001590074

Costly information, planning complementarities and the Phillips Curve

Acharya, Sushant - Federal Reserve Bank of New York - 2014

Standard sticky information pricing models successfully capture the sluggish movement of aggregate prices in response to monetary policy shocks but fail at matching the magnitude and frequency of price changes at the micro level. This paper shows that in a setting where firms choose when to...

Persistent link: https://www.econbiz.de/10010942921

Border effects and the availability of domestic products abroad

Evans, Carolyn L. (contributor) - 2001 - [Elektronische Ressource]

Borders have a sizable negative impact on trade flows. Given the vast number of individual goods potentially traded, this "border effect" could have two possible explanations: (1) less international than domestic trade in the goods that are actually traded between countries ("flow"), or (2)...

Persistent link: https://www.econbiz.de/10001591415

Forecasting and estimating multiple change-point models with an unknown number of change points

Koop, Gary M. (contributor); Potter, Simon M. (contributor) - 2004 - [Elektronische Ressource]

involving U.S. inflation and GDP growth. Empirical results suggest that the number of change points is larger than previously …

Persistent link: https://www.econbiz.de/10002521761

Why did the average duration of unemployment become so much longer?

Mukoyama, Toshihiko (contributor); … - 2004 - [Elektronische Ressource]

"This paper examines the causes of the observed increase in the average duration of unemployment over the past thirty … in the generosity and coverage of unemployment insurance. We find that changes in the composition of the labor force and … institutional changes can only partially account for the longer duration of unemployment. We construct a job search model and …

Persistent link: https://www.econbiz.de/10002521759