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Partial insurance and investments in children

Carneiro, Pedro; Ginja, Rita - 2015

This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use panel data on family income, and an index of investments in children in time and goods, from the Children of the National Longitudinal Survey of Youth. Consistent with the...

Persistent link: https://www.econbiz.de/10010510508

Financial markets, banks' cost of funding, and firms' decisions : lessons from two crises

Balduzzi, Pierluigi; Brancati, Emanuele; Schiantarelli, … - 2013

firms to cut investment, employment, and borrowing. We conclude that financial market fluctuations affect even private firms …

Persistent link: https://www.econbiz.de/10010229932

Does local business ownership insulate cities from economic shocks?

Kolko, Jed; Neumark, David - 2009

We assess a prominent argument for local economic policies that favor locally-owned businesses - namely, that locally-owned firms are more likely to internalize the costs to the community of decisions to reduce employment and hence help to insulate cities from adverse economic shocks. We test...

Persistent link: https://www.econbiz.de/10003898087

The German manufacturing sector is a granular economy

Wagner, Joachim - 2011

Using the approach suggested by Gabaix (Econometrica 2011) this paper demonstrates that idiosyncratic shocks in the largest firms are important for an understanding of aggregate volatility in German manufacturing industries. The implications of this finding for theoretical and empirical research...

Persistent link: https://www.econbiz.de/10009519874

Perfect Bayesian implementation

Brusco, Sandro - In: Economic theory : official journal of the Society for … 5 (1995), pp. 419-444

Persistent link: https://www.econbiz.de/10001180191

Double implementation in Nash and undominated Nash equilibria in social choice environments

Tatamitani, Yoshikatsu - In: Economic theory : official journal of the Society for … 3 (1993) 1, pp. 109-117

Persistent link: https://www.econbiz.de/10001136000

Monetary persistence and the labor market : a new perspective

Lechthaler, Wolfgang (contributor); … - 2008

that the employment rate is slow to converge to its steady state value after a monetary shock. The after-effects of a shock … continue to exert an effect on the labor market even long after the shock is over. The sluggishness of the labor market … translates to the product market and thus the output effects of the monetary shock become more persistent. Under reasonable …

Persistent link: https://www.econbiz.de/10003719627

Causal effects of monetary shocks : semiparametric conditional independence tests with a multinomial propensity score

Angrist, Joshua D. (contributor); … - 2008

Macroeconomists have long been concerned with the causal effects of monetary policy. When the identification of causal effects is based on a selection-on-observables assumption, non-causality amounts to the conditional independence of outcomes and policy changes. This paper develops a...

Persistent link: https://www.econbiz.de/10003739948

Wage flexibility and labour market institutions : a meta-analysis

Clar López, Miquel (contributor); … - 2007

"Evidence during the nineties about the response of real wages to shocks highlights that this response is substantially lower in European countries than in the United States and that there are important differences among European countries. Which are the reasons that explain these different...

Persistent link: https://www.econbiz.de/10003446804

Stationarity without degeneracy in a model of commodity money

Cavalcanti, Ricardo de Oliveira; Puzzello, Daniela - In: Economic theory : official journal of the Society for … 43 (2010) 2, pp. 263-280

Persistent link: https://www.econbiz.de/10003951198

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