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Goodfriend, Marvin; King, Robert G. - Federal Reserve Bank of Richmond - 2001

departures are likely to be minor. Finally, we argue that the presence of nominal wage stickiness in labor markets does not …

Persistent link: https://www.econbiz.de/10004993924

A common model approach to macroeconomics : using panel data reduce sampling error

Gavin, William T. (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001986936

Fiscal policy and default risk in emerging markets

Cuadra, Gabriel; Sanchez, Juan M.; Sapriza, Horacio - Federal Reserve Bank of Richmond - 2009

Emerging market economies typically exhibit a procyclical fiscal policy: public expenditures rise (fall) in economic expansions (recessions), whereas tax rates rise (fall) in bad (good) times. Additionally, the business cycle of these economies is characterized by countercyclical default risk....

Persistent link: https://www.econbiz.de/10005387448

Strategic asset allocation and consumption decisions under multivariate regime switching

Guidolin, Massimo (contributor); … - 2005

"This paper studies strategic asset allocation and consumption choice in the presence of regime switching in asset … the longer their investment horizon, while the optimal allocation to stocks declines as a function of the investment … returns from the dividend yield give rise to a non-monotonic relationship between the investment horizon and the demand for …

Persistent link: https://www.econbiz.de/10002917579

Financial deepening and investment in Africa : evidence from Botswana and Mauritius

MacPherson, Malcolm F. (contributor); … - 1999 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001530997

Income distribution, investment, and growth

Larraín Bascuñán, Felipe - 1997

Persistent link: https://www.econbiz.de/10000982476

Are government spending multipliers greater during periods of slack? evidence from 20th century historical data

Owyang, Michael T.; Ramey, Valerie A.; Zubairy, Sarah - Federal Reserve Bank of St. Louis - 2013

A key question that has arisen during recent debates is whether government spending multipliers are larger during times when resources are idle. This paper seeks to shed light on this question by analyzing new quarterly historical data covering multiple large wars and depressions in the U.S. and...

Persistent link: https://www.econbiz.de/10011027317

Tobins̉ imperfect asset substitution in optimizing general equilibrium

Andrés, Javier (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001987130

The Taylor principle, interest rate smoothing and Fed policy in the 1970s and 1980s

Mehra, Yash Pal (contributor) - 2001 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001625084

The Taylor principle, interest rate smoothing and Fed policy in the 1970s and 1980s

Mehra, Yash Pal (contributor) - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001758864