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Business Cycles and the Asset Structure of Foreign Trade

Baxter, Marianne - 1994

International financial market linkages are widely believed to be important for the international transmission of business cycles, since these govern the extent to which individuals can smooth consumption in the presence of country-specific shocks to income. This paper develops a two-country,...

Persistent link: https://www.econbiz.de/10012473924

Market Reforms in the Time of Imbalance

Cacciatore, Matteo - 2016

business cycle conditions at the time of deregulation significantly affect adjustment. A reduction of firing costs entails …

Persistent link: https://www.econbiz.de/10012456546

Market Deregulation and Optimal Monetary Policy in a Monetary Union

Cacciatore, Matteo - 2013

The wave of crises that began in 2008 reheated the debate on market deregulation as a tool to improve economic … policy to reduce transition costs. Third, deregulation reduces static and dynamic inefficiencies, making price stability more … desirable. International synchronization of reforms can eliminate policy tradeoffs generated by asymmetric deregulation …

Persistent link: https://www.econbiz.de/10012459637

Market Structure and Cyclical Fluctuations in U.S. Manufacturing

Domowitz, Ian - 1986

The relevance of imperfect competition for models of aggregate economic fluctuations has received increased attention … which excess capacity is a significant feature accompanying imperfect competition in American industry. Using a panel data …

Persistent link: https://www.econbiz.de/10012476954

Path Dependence in Aggregate Output

Durlauf, Steven N. - 1991

This paper studies an economy in which incomplete markets and strong complementarities interact to generate path dependent aggregate output fluctuations. An economy is said to be path dependent when the effect of a shock on the level of aggregate output is permanent in the absence of future...

Persistent link: https://www.econbiz.de/10012475289