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Log-linear Approximation versus an Exact Solution at the ZLB in the New Keynesian Model
Eggertsson, Gauti B. - 2016
How accurate is a log-linear approximation of the New Keynesian model when the nominal interest rate is bounded by zero? This paper compares the solution of the exact non-linear model to the log-linear approximation. It finds that the difference is modest. This applies even for extreme events in...
Persistent link: https://www.econbiz.de/10012455896
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Solution and Estimation Methods for DSGE Models
Fernández-Villaverde, Jesús - 2016
This paper provides an overview of solution and estimation techniques for dynamic stochastic general equilibrium (DSGE) models. We cover the foundations of numerical approximation techniques as well as statistical inference and survey the latest developments in the field
Persistent link: https://www.econbiz.de/10012456810
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The Catch-22 of External Validity in the Context of Constraints to Firm Growth
Fischer, Greg - 2015
We document the presence of multiple and varied constraints to small and medium firm growth. This presents both a practical problem for business training programs and a challenge to academic economists trying to identify mechanisms though which these programs may affect outcomes. External...
Persistent link: https://www.econbiz.de/10012457695
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Business Literacy and Development : Evidence from a Randomized Controlled Trial in Rural Mexico
Calderon, Gabriela - 2013
A large share of the poor in developing countries run small enterprises, often earning low incomes. This paper explores whether the poor performance of businesses can be explained by a lack of basic business skills. We randomized the offer of a free, 48-hour business skills course to female...
Persistent link: https://www.econbiz.de/10012458923
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Mental Health, Creativity, and Wealth
Biasi, Barbara; Dahl, Michael S.; Moser, Petra - National Bureau of Economic Research - 2021
Focusing on bipolar disorder (BD), we investigate the link between mental health, creativity, and wealth. Analyzing … compared with the bottom decile. Yet, wealth differences only explain a small portion of the link between BD and creativity …
Persistent link: https://www.econbiz.de/10012660100
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Creativity Under Fire : The Effects of Competition on Creative Production
Gross, Daniel P. - 2018
Though fundamental to innovation and essential to many industries and occupations, individual creativity has received …
Persistent link: https://www.econbiz.de/10012480710
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Copyright and Creativity. Evidence from Italian Opera During the Napoleonic Age
Giorcelli, Michela - 2020
's military victories in Italy - to examine the effects of copyrights on creativity. To measure changes in creative output we …
Persistent link: https://www.econbiz.de/10012482065
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Understanding Creativity
Galenson, David W. - 2010
range of arts. It is now time to extend economic research on creativity, by applying this analysis to other intellectual … not only to understand, but perhaps also to increase, the creativity of these remarkable individuals, and to help others …. Yet creativity - a primary source of the technological change that drives economic growth - is largely the domain of …
Persistent link: https://www.econbiz.de/10012462629
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As Science Evolves, How Can Science Policy?
Jones, Benjamin - 2010
Getting science policy right is a core objective of government that bears on scientific advance, economic growth, health, and longevity. Yet the process of science is changing. As science advances and knowledge accumulates, ensuing generations of innovators spend longer in training and become...
Persistent link: https://www.econbiz.de/10012462651
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Innovators : Filmmakers
Galenson, David W. - 2010
followed sharply contrasting life cycles of creativity …
Persistent link: https://www.econbiz.de/10012462721