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Default risk premia on government bonds in a quantitative macroeconomic model
Juessen, Falko; Linnemann, Ludger; Schabert, Andreas - 2009
Persistent link: https://www.econbiz.de/10003913174
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Default risk premia on government bonds in a quantitative macroeconomic model
Jüßen, Falko; Linnemann, Ludger; Schabert, Andreas - 2009
This paper examines the pricing of public debt in a quantitative macroeconomic model with government default risk. Default may occur due to a fiscal policy that does not preclude a Ponzi game. When a build-up of public debt makes this outcome inevitable, households stop lending such that the...
Persistent link: https://www.econbiz.de/10011379436
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The microfoundations of macroeconomics : an evolutionary perspective
Bergh, Jeroen C. J. M. van den; Gowdy, John M. - 2000
, it has rarely focused on clarifying the micro-macro distinction in economic theory and modelling.The macroevolution … topicsincorporating ideas from evolutionary theory into economics are:economic exaptations, macroeconomic consequencesof institutions, and …
Persistent link: https://www.econbiz.de/10011303317
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The methodology of modern macroeconomics and the descriptive approach to discounting
Vermeylen, Koen - 2013
Critics of modern macroeconomics often raise concerns about unwarranted welfare conclusions and data mining. This paper illustrates these concerns with a thought experiment, based on the debate in environmental economics about the appropriate discount rate in climate change analyses: I set up an...
Persistent link: https://www.econbiz.de/10010226540
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Meta-analysis: A Tool for Upgrading Inputs of Macroeconomic Policy Models
Florax, Raymond J. G. M.; Groot, Henri L. F. de; Mooij, … - 2002
Persistent link: https://www.econbiz.de/10001663843
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The microfoundations of macroeconomics : an evolutionary perspective
Bergh, Jeroen C. J. M. van den; Gowdy, John M. - 2000
Persistent link: https://www.econbiz.de/10001464964
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Outperforming the market using biliniarities in fundamentals and macroeconomic variables
Kloek, Teunis; Lucas, André; Dijk, Ronald van - 1995
Persistent link: https://www.econbiz.de/10000922344
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Optimal government spending and unemployment
Linnemann, Ludger; Schabert, Andreas - 2008
Persistent link: https://www.econbiz.de/10003690042
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Gender and redistribution : experimental evidence
Buser, Thomas; Putterman, Louis G.; Weele, Joël J. van der - 2016
Gender differences in voting patterns and political attitudes towards redistribution are well-documented. The … experimental gender literature suggests several plausible behavioral explanations behind these differences, relating to gender … gender difference in average chosen tax rates in the performance conditions. We find that this gender difference is mainly …
Persistent link: https://www.econbiz.de/10011523572
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Linear quadratic optimization for models with rational expectations
Amman, Hans M.; Kendrick, David A. - 1997
In this paper we present a method for using rational expectations in a linear-quadratic optimizationframework. Following the approach put forward by Sims, we solve the model through a QZdecomposition, which is generally easier to implement than the more widely used method of Blanchardand Kahn.
Persistent link: https://www.econbiz.de/10010361657