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Optimal sovereign default
Adam, Klaus; Grill, Michael - 2012
Persistent link: https://www.econbiz.de/10009664050
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Supply, Demand and Monetary Policy Shocks in a Multi-Country New Keynesian Model
Dees, Stephane - 2013
-specific foreign output variable to capture direct inter-country linkages. In accord with the theory all variables are measured as … restrictions implied by the NK theory. The multi-country DSGE NK model is then solved to provide estimates of identified supply … through error spillover effects. Bootstrapped error bands are also provided for the cross country responses of a shock to the …
Persistent link: https://www.econbiz.de/10013094653
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Formality, informality, and social welfare
Bennett, John (contributor) - 2008
An industry is modeled in which entrepreneurs, who are heterogeneous in ability, may produce formally or informally. It is shown how the formal-informal mix depends on the distribution of ability, product demand and various parameter values. The industry equilibrium is compared to one in which...
Persistent link: https://www.econbiz.de/10003724143
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Growth dynamics : the myth of economic recovery
Cerra, Valerie; Saxena, Sweta Chaman - In: The American economic review 98 (2008) 1, pp. 439-457
Persistent link: https://www.econbiz.de/10003740721
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Technology shocks : novel implications for international business cycles
Raffo, Andrea - 2010
Persistent link: https://www.econbiz.de/10008668097
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Growth dynamics : the myth of economic recovery: comment
Mueller, Hannes - In: The American economic review 102 (2012) 7, pp. 3774-3777
Persistent link: https://www.econbiz.de/10009714658
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Global macro-financial cycles and spillovers
Ha, Jongrim; Kose, M. Ayhan; Otrok, Christopher M.; … - 2020
We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...
Persistent link: https://www.econbiz.de/10012178610
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Agricultural Price Shocks and Business Cycles - A Global Warning for Advanced Economies
De Winne, Jasmien - 2018
For a panel of 75 countries, we find that increases in global agricultural commodity prices that are caused by unfavorable harvest shocks in other regions of the world significantly curtail domestic economic activity. The effects are much larger than for average global agricultural price shifts....
Persistent link: https://www.econbiz.de/10012915574
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Information percolation in large markets
Duffie, Darrell; Manso, Gustavo - In: The American economic review 97 (2007) 2, pp. 203-209
Persistent link: https://www.econbiz.de/10003501732
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Endogenous public information and welfare
Vives, Xavier - 2011
This paper performs a welfare analysis of economies with private information when public information is endogenously generated and agents can condition on noisy public statistics in the rational expectations tradition. We find that equilibrium is not (restricted) efficient even when feasible...
Persistent link: https://www.econbiz.de/10009259934