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Productivity shocks and aggregate cycles in an estimated endogenous growth model

Malley, Jim; Woitek, Ulrich - 2009

Using a two-sector endogenous growth model, this paper explores how productivity shocks in the goods and human capital producing sectors contribute to explaining aggregate cycles in output, consumption, investment and hours. To contextualize our findings, we also assess whether the human capital...

Persistent link: https://www.econbiz.de/10010275807

Productivity Shocks and Aggregate Fluctuations in an Estimated Endogenous Growth Model with Human Capital

Malley, Jim - 2011

Employing an endogenous growth model with human capital, this paper explores how productivity shocks in the goods and human capital producing sectors contribute to explaining aggregate fluctuations in output, consumption, investment and hours. Given the importance of accounting for both the...

Persistent link: https://www.econbiz.de/10013120659

Estimated Human Capital Externalities in an Endogenous Growth Framework

Malley, James R. - 2019

To better understand the quantitative implications of human capital externalities at the aggregate level, we estimate a two-sector endogenous growth model with knowledge spill-overs. To achieve this, we account for trend growth in a model consistent fashion and employ a Markov-chain Monte-Carlo...

Persistent link: https://www.econbiz.de/10012871759

Qualifying religion: the role of plural identities for educational production

Boppart, Timo; Falkinger, Josef; Grossmann, Volker; … - 2008

This paper examines the role of religious denomination for human capital formation. We employ a unique data set which covers, inter alia, information on numerous measures of school inputs in 169 Swiss districts for the years 1871/72, 1881/82 and 1894/95, marks from pedagogical examinations of...

Persistent link: https://www.econbiz.de/10010264348

Productivity shocks and aggregate fluctuations in an estimated endogenous growth model with human capital

Malley, Jim; Woitek, Ulrich - 2011

Persistent link: https://www.econbiz.de/10010277420

Overvalued: Swedish monetary policy in the 1930s

Rathke, Alexander; Straumann, Tobias; Woitek, Ulrich - 2011

This paper reconsiders the role of monetary policy in Sweden's strong recovery from the Great Depression. The Riksbank …, our findings suggest that Sweden avoided the worst excesses of the depression by conducting conservative rather than … innovative monetary policy. We find that, by keeping the Swedish krona undervalued to replenish foreign reserves, Sweden …

Persistent link: https://www.econbiz.de/10010280830