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EXTERNAL SHOCK AND DOMESTIC RESPONSE IN LDCS: A CROSS- COUNTRY DECOMPOSITION ANALYSIS, 1970-1988.
FITZGERALD, E.V.K.; SARMAD, K. - Institute of Social Studies (ISS) - 1990
Persistent link: https://www.econbiz.de/10005232882
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Business cycles in small open economies: the case of Costa Rica
Pacheco Jiménez, Pacheco Jiménez, J.F. - Institute of Social Studies (ISS) - 2001
Persistent link: https://www.econbiz.de/10010730813
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Price Dispersion: The Role of Distance, Borders and Location
Crucini, Mario; Telmer, Chris; Zachariadis, Marios - Society for Economic Dynamics - SED - 2005
Persistent link: https://www.econbiz.de/10004970318
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Letting Go: Managerial Incentives and the Reallocation of Capital
Rampini, Adriano A.; Eisfeldt, Andrea L. - Society for Economic Dynamics - SED - 2004
This paper studies the provision of incentives to reallocate capital when managers are reluctant to relinquish control and have private information about the productivity of assets under their control. We show that when managers get private benefits from running projects substantial bonuses are...
Persistent link: https://www.econbiz.de/10004970357
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Can Structural Small Open Economy Models Account for the Influence of Foreign Disturbances?
Justiniano, Alejandro; Preston, Bruce - Society for Economic Dynamics - SED - 2006
This paper evaluates whether an estimated, structural, small open economy model of the Canadian economy can account for the substantial influence of foreign-sourced disturbances identified in numerous reduced-form studies. The analysis shows that the benchmark model --- and a number of variants...
Persistent link: https://www.econbiz.de/10004977913
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Measuring unemployment composition over the cycle
Barbarino, Alessandro; Pavan, Ronni - Society for Economic Dynamics - SED - 2006
This paper proposes a strategy to measure, in a unified setting, how the job finding probability and the job separation probability conditional on observable and unobservable individual characteristics varies over the business cycle. Recent papers by Shimer and Hall point out how new...
Persistent link: https://www.econbiz.de/10005069220
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On the Cyclicality of Labor Market Mismatch and Aggregate Employment Flows
Beauchemin, Kenneth; Tasci, Murat - Society for Economic Dynamics - SED - 2006
search with observed U.S. time series measures on employment, vacancies, and aggregate output to uncover the cyclical … employment changes, our procedure also implies measured time series of the flows into and out of employment. We find that labor … cyclical patterns lead to procyclical implied gross employment flows, thereby concentrating labor force reallocation during …
Persistent link: https://www.econbiz.de/10005069225
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Energy and the Macroeconomy: The Role of Consumer Durables
Jeske, Karsten; Dhawan, Rajeev - Society for Economic Dynamics - SED - 2006
So far the literature on DSGE models with energy price shocks models energy on the production side only. In these models, energy shocks are responsible for only a negligible share of output fluctuations. We study the robustness of this finding. The aim of our paper is to model the response of...
Persistent link: https://www.econbiz.de/10005069247
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Learning, Expectations and the Business Cycle
Eusepi, Stefano; D'Amico, Stefania - Society for Economic Dynamics - SED - 2006
Standard RBC models predict forecastable movements in output, consumption and hours that differ from those obtained from a VAR estimated on US data. The paper investigates whether introducing bounded rationality and learning generates business cycles properties which are empirically plausible....
Persistent link: https://www.econbiz.de/10005069254
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Income dispersion, asymmetric information and fluctuations in market efficiency
Edmond, Chris; Veldkamp, Laura - Society for Economic Dynamics - SED - 2006
Recessions appear to be times when markets function less efficiently. This phenomenon has been the domain of theories that rely on changes in preferences (demand shocks) or constraints on price-setting (sticky prices). In our simple model of decentralized trade with asymmetric information,...
Persistent link: https://www.econbiz.de/10005069276