Similar Search Results

Gutiérrez Gallardo, Germán; Jones, Callum; Philippon, … - 2019

We combine a structural model with cross-sectional micro data to identify the causes and consequences of rising concentration in the US economy. Using asset prices and industry data, we estimate realized and anticipated shocks that drive entry and concentration. We validate our approach by...

Persistent link: https://www.econbiz.de/10012154591

Capital gaps, risk dynamics, and the macroeconomy

Lipinsky, Fabian T.; Miescu, Mirela S. - 2020

Motivated by the increasing interest in analyzing the links between the financial sector and the real economy, we develop a macro-financial structural model with two novel features. First, we include idiosyncratic and aggregate risk in a tractable general equilibrium model. This allows us to...

Persistent link: https://www.econbiz.de/10012391995

Financial disruptions and the cyclical upgrading of labor

Epstein, Brendan; Finkelstein Shapiro, Alan; González … - 2017

-search theory: under standard calibrations models without OTJ search generate implausibly low unemployment volatility, while models …

Persistent link: https://www.econbiz.de/10011704664

Do Technology Shocks Lead to Productivity Slowdowns? : Evidence From Patent Data

Christiansen, Lone Engbo - 2008

This paper provides empirical evidence on the response of labor productivity to the arrival of new inventions. The benchmark measure of technological progress is given by data on patent applications in the U.S. over the period 1889-2002. The analysis shows that labor productivity may temporarily...

Persistent link: https://www.econbiz.de/10014401355

Risks of stagnation in the euro area

Lin, Huidan - 2016

area vulnerable to a negative shock that tips the economy into a prolonged slowdown …

Persistent link: https://www.econbiz.de/10011436794

The price of capital goods : a driver of investment under threat

Gruss, Bertrand; Nabar, Malhar; Poplawski-Ribeiro, Marcos - 2019

additional channel through which rising trade tensions and sluggish productivity could threaten real investment growth going …

Persistent link: https://www.econbiz.de/10012102050

External Shocks, the Real Exchange Rate, and Tax Policy

Tokarick, Stephen - 1994

This paper uses a computable general equilibrium model of the economy of Trinidad and Tobago to assess the effects of trade liberalization and terms-of-trade shocks on the real exchange rate and the overall fiscal position of the government. The model is also used to evaluate the implications of...

Persistent link: https://www.econbiz.de/10014398103

Crowding-out or crowding-in? : public and private investment in India

Bahal, Girish; Raissi, Mehdi; Tulin, Volodymyr - 2015

This paper contributes to the debate on the relationship between public-capital accumulation and private investment in … the past three decades, we study whether public investment in recent years has become more or less complementary to … private investment in comparison to the period before 1980. Second, we construct a novel data-set of quarterly aggregate …

Persistent link: https://www.econbiz.de/10011445833

Investment : Specific Technology Shocks and International Business Cycles: An Empirical Assessment

International Monetary Fund - 2010

In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international … the relative price of investment to build and estimate these IST processes across the U.S and a ""rest of the world …

Persistent link: https://www.econbiz.de/10014397271

Accounting for Global Dispersion of Current Accounts

Lee, Jaewoo - 2009

We undertake a quantitative analysis of the dispersion of current accounts in an open economy version of incomplete insurance model, incorporating important market frictions in trade and financial flows. Calibrated with conventional parameter values, the stochastic stationary equilibrium of the...

Persistent link: https://www.econbiz.de/10014402560

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