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First externalities risk due to the size of the companies or the principle that large companies are also at risk of … risk foreseeable losses with positive externalities, then, what can happen with negative derivatives risk capital …
Persistent link: https://www.econbiz.de/10011110979
We present an endogenous growth model with technological externalities emitted the presence of the foreign direct … investments. We showed that the net positive impact on the growth of these investments may be if and only if the host country such …
Persistent link: https://www.econbiz.de/10011114394
Monthly Bulletin-European Central Bank and the variables utilized are the quarterly growth rate of the Residential Property … Prices and the quarterly growth rate of the Employment for the period 1981:Q1 – 2010:Q4. VAR and VEC models have been … decomposition points out that the response to an innovation in the quarterly growth rate of the Employment is persistent for the …
Persistent link: https://www.econbiz.de/10011259684
Purpose – Considering the sectoral balance approach of Godley, and focusing only on the two main components of the private sector balance for the U.S. economy (household and non-financial corporate balance), we investigate the relationship between these two sectors, the financial variables,...
Persistent link: https://www.econbiz.de/10008788803
We introduce endogenous growth in an otherwise standard NK model with staggered prices and wages. Some results follow …: (i) monetary volatility negatively affects long-run growth; (ii)the relation between nominal volatility and growth … increases the negative effect of nominal volatility on mean growth. …
Persistent link: https://www.econbiz.de/10008685157
The equivalence of markets and games concerns the relationship between two sorts of structures that appear fundamentally different -- markets and games. Shapley and Shubik (1969) demonstrates that: (1) games derived from markets with concave utility functions generate totally balanced games...
Persistent link: https://www.econbiz.de/10009328147
. Unfortunately, this type of regulation can hamper economic growth by shifting banks' portfolios from more productive risky …-generations model and studies how it affects economic growth, banking sector stability, and welfare. In this model, a banking crisis is … this type of regulation, between ensuring banking stability and fostering economic growth. The model implies an optimal …
Persistent link: https://www.econbiz.de/10005790359
This study analyses the dynamics of a two-dimensional overlapping generations economy with endogenous labour supply à la Reichlin (1986) and aspirations, i.e. effective consumption by individuals of the current generation depends on the standard of living (based on consumption experience) of...
Persistent link: https://www.econbiz.de/10009397183
The purpose of this note is to demonstrate a sufficient condition for discrete tâtonnement process to lead to chaos in a general equilibrium model with multiple commodities. The result indicates that as the speed of price adjustment increases the discrete tâtonnement process is complex in a...
Persistent link: https://www.econbiz.de/10008599123
Recent literature on financial development and growth has highlighted the possibility of endogenous business cycles … activity and neglect the role of credit to consumption. In this note, we consider an endogenous growth model, where a …
Persistent link: https://www.econbiz.de/10005835492