Showing 1 - 10 of 30
capital expenditures. …
Persistent link: https://www.econbiz.de/10004993875
issues not only money, but interest-bearing bonds; these bonds compete with capital in private portfolios. When the … display damped endogenous fluctuations, and development trap phenomena are common. Across different steady states, low capital … system. Also, increases in the steady state inflation rate can easily reduce the steady state capital stock. …
Persistent link: https://www.econbiz.de/10004993908
This study considers the potential of a variable investment tax credit to relieve the pressure of a contracyclical monetary policy on the housing and State and local government sectors.
Persistent link: https://www.econbiz.de/10004993955
presents an overlapping-generations model of environmental externalities and capital accumulation: consumption of the old … generates long-lived garbage as a by-product, while young agents invest in both capital and destruction of the existing garbage … stock. The model also assumes external increasing returns: increases in the capital stock increase the future productivity …
Persistent link: https://www.econbiz.de/10004993992
This paper uses factor analytic methods to decompose industrial production (IP) into components arising from aggregate shocks and idiosyncratic sector-specific shocks. An approximate factor model finds that nearly all (90%) of the variability of quarterly growth rates in IP are associated with...
Persistent link: https://www.econbiz.de/10005387446
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
Macroeconomic forecasts are traditionally stated as point estimates. Retrospective evaluations of forecasts usually assume that the cost of a forecast error increases with the arithmetic magnitude of the error. As a result, measures such as the root-mean-square error (RSME) or the mean absolute...
Persistent link: https://www.econbiz.de/10005387451
Two striking facts about international capital flows in emerging economies motivate this paper: (1) Governments hold …
Persistent link: https://www.econbiz.de/10011203074
We use novel high-frequency panel data on individuals' job applications from an online job posting engine to study (1) whether at the beginning of search job seekers with different levels of education (skill) apply to different jobs, and (2) how search behavior changes as search continues....
Persistent link: https://www.econbiz.de/10010723108
We conduct an accounting exercise of the role of worker flows between unemployment, employment, and labor force nonparticipation in the dynamics of the aggregate unemployment rate across four recent recessions: 1982-1983, 1990-1991, 2001, and 2007-2009 (the "Great Recession"). We show that,...
Persistent link: https://www.econbiz.de/10010723109