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Farhi, Emmanuel - 2009

expected exchange rate depreciations (appreciations) for high (low) interest rate currencies, suggesting that disaster risk is … priced in currency markets. To study the price of disaster risk, we propose a simple structural model that includes both … Gaussian and disaster risk and can be estimated even in samples that do not contain disasters. Estimating the model over the …

Persistent link: https://www.econbiz.de/10012463588

Speculative growth : hints from the US economy

Caballero, Ricardo J. (contributor); … - 2004 - [Elektronische Ressource]. - Rev

Persistent link: https://www.econbiz.de/10002111075

The Economic Approach to Social Capital

Glaeser, Edward L. - 2000

To identify the determinants of social capital formation, it is necessary to understand the social capital investment decision of individuals. Individual social capital should then be aggregated to measure the social capital of a community. This paper assembles the evidence that supports the...

Persistent link: https://www.econbiz.de/10012471022

Why Do the Poor Live in Cities?

Glaeser, Edward L. - 2000

More than 17 percent of households in American central cities live in poverty; in American suburbs, just 7.4 percent of households live in poverty. The income elasticity of demand for land is too low for urban poverty to be the result of wealthy individuals' wanting to live where land is cheap...

Persistent link: https://www.econbiz.de/10012471131

What is Social Capital? The Determinants of Trust and Trustworthiness

Glaeser, Edward L. - 1999

Using a sample of Harvard undergraduates, we analyze trust and social capital in two experiments. Trusting behavior and trustworthiness rise with social connection; differences in race and nationality reduce the level of trustworthiness. Certain individuals appear to be persistently more...

Persistent link: https://www.econbiz.de/10012471573

A Short Note on Aggregating Productivity

Baqaee, David - 2019

This paper discusses two simple decompositions for aggregate productivity analysis in the presence of distortions and in general equilibrium. The first is a generalization of Baqaee and Farhi (2017) and the second is due to Petrin and Levinsohn (2012). In the process, we propose a new...

Persistent link: https://www.econbiz.de/10012479640

The Darwinian Returns to Scale

Baqaee, David - 2020

How does an increase in the size of the market due to fertility, immigration, or trade integration, affect welfare and real GDP? We study this question using a model with heterogeneous firms, fixed costs, and monopolistic competition. We decompose the change in welfare into changes in technical...

Persistent link: https://www.econbiz.de/10012481722

Entry vs. Rents

Baqaee, David - 2020

A tension between entry and rents lies at the core of a general theory of aggregation with scale effects. This paper …

Persistent link: https://www.econbiz.de/10012481723

Supply and Demand in Disaggregated Keynesian Economies with an Application to the Covid-19 Crisis

Baqaee, David - 2020

We study supply and demand shocks in a general disaggregated model with multiple sectors, multiple factors, input-output linkages, downward nominal wage rigidities, credit-constraints, and a zero lower bound. We use the model to understand how the Covid-19 crisis, an omnibus of supply and demand...

Persistent link: https://www.econbiz.de/10012481735

Economic Analysis and Infrastructure Investment

Glaeser, Edward L. - 2020

This paper summarizes economic research on investment in public infrastructure and introduces the findings of several new studies on this topic. It begins with a review of several potential justifications for the public sector's involvement in building, financing, and operating infrastructure,...

Persistent link: https://www.econbiz.de/10012482434