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First externalities risk due to the size of the companies or the principle that large companies are also at risk of … risk foreseeable losses with positive externalities, then, what can happen with negative derivatives risk capital …
Persistent link: https://www.econbiz.de/10011110979
We present an endogenous growth model with technological externalities emitted the presence of the foreign direct … investments. We showed that the net positive impact on the growth of these investments may be if and only if the host country such …
Persistent link: https://www.econbiz.de/10011114394
Monthly Bulletin-European Central Bank and the variables utilized are the quarterly growth rate of the Residential Property … Prices and the quarterly growth rate of the Employment for the period 1981:Q1 – 2010:Q4. VAR and VEC models have been … decomposition points out that the response to an innovation in the quarterly growth rate of the Employment is persistent for the …
Persistent link: https://www.econbiz.de/10011259684
Purpose – Considering the sectoral balance approach of Godley, and focusing only on the two main components of the private sector balance for the U.S. economy (household and non-financial corporate balance), we investigate the relationship between these two sectors, the financial variables,...
Persistent link: https://www.econbiz.de/10008788803
We introduce endogenous growth in an otherwise standard NK model with staggered prices and wages. Some results follow …: (i) monetary volatility negatively affects long-run growth; (ii)the relation between nominal volatility and growth … increases the negative effect of nominal volatility on mean growth. …
Persistent link: https://www.econbiz.de/10008685157
The equivalence of markets and games concerns the relationship between two sorts of structures that appear fundamentally different -- markets and games. Shapley and Shubik (1969) demonstrates that: (1) games derived from markets with concave utility functions generate totally balanced games...
Persistent link: https://www.econbiz.de/10009328147
. Unfortunately, this type of regulation can hamper economic growth by shifting banks' portfolios from more productive risky …-generations model and studies how it affects economic growth, banking sector stability, and welfare. In this model, a banking crisis is … this type of regulation, between ensuring banking stability and fostering economic growth. The model implies an optimal …
Persistent link: https://www.econbiz.de/10005790359
Recent literature on financial development and growth has highlighted the possibility of endogenous business cycles … activity and neglect the role of credit to consumption. In this note, we consider an endogenous growth model, where a …
Persistent link: https://www.econbiz.de/10005835492
Following the literature on growth, cycles and financial development, this paper develops an endogenous growth model …
Persistent link: https://www.econbiz.de/10005836012
Models dealing with monetary policy are generally based on microfoundations that characterize the behaviour of representative agents (households and firms). To explain the representative consumer behaviour, it is generally assumed a utility function in which the intertemporal elasticity of...
Persistent link: https://www.econbiz.de/10005836445