Showing 1 - 10 of 28
This paper explores the theoretical relationship between the population growth rate and asset prices implied by an … overlapping-generations model. The model shows that changes in a population's age distribution affect asset prices but such … magnitude of the relationship but does not change the sign or timing of the relationship between a population's age distribution …
Persistent link: https://www.econbiz.de/10005360624
This paper presents a model of economic growth based on the life-cycle hypothesis to determine the path of capital accumulation and economic growth as the baby boom passes through the U.S. economy. The model predicts that a baby boom causes a temporary decline of the capital-labor ratio. The...
Persistent link: https://www.econbiz.de/10005707794
Presentation at Lincoln University, Jefferson City, Mo., Oct. 4, 2004
Persistent link: https://www.econbiz.de/10005526251
Presentation to the Global Economic Outlook (GEO) Conference, West Palm Beach, Fla., March. 8, 2005
Persistent link: https://www.econbiz.de/10005420422
Presentation to the Global Economic Outlook (GEO) Conference, West Palm Beach, Fla., March. 8, 2005
Persistent link: https://www.econbiz.de/10011185067
Presentation at Lincoln University, Jefferson City, Mo., Oct. 4, 2004
Persistent link: https://www.econbiz.de/10011185110
"This paper provides an overview, using extensive documentary material, of developments in U.K. macroeconomic policy in the last half-century. Rather than focusing on well-known recent changes in policy arrangements (such as the introduction of inflation targeting in 1992 or central bank...
Persistent link: https://www.econbiz.de/10003053139
This paper (i) estimates the local effects of government stimulus spending on labor market outcomes and (ii) shows how these effects can be obtained from a firm's optimal policy in the presence of costs to hiring workers. We analyze the American Recovery and Reinvestment Act of 2009 (Recovery...
Persistent link: https://www.econbiz.de/10010890136
A model is constructed in which consumers and banks have incentives to fake the quality of collateral. Conventional monetary easing can exacerbate these problems, in that the mispresentation of collateral becomes more profitable, thus increasing haircuts and interest rate differentials. Central...
Persistent link: https://www.econbiz.de/10010938568
Recovery and Reinvestment Act of 2009 (the Recovery Act). Using cross-county Census Journey to Work commuting data, we cluster …
Persistent link: https://www.econbiz.de/10010942506