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Transition Dynamics in Vintage Capital Models : Explaining the Postwar Catch-Up of Germany and Japan

Gilchrist, Simon; Williams, John C. - 2021

We consider a neoclassical interpretation of Germany and Japan's rapid postwar growth that relies on a catch …-up mechanism through capital accumulation where technology is embodied in new capital goods. Using a putty-clay model of production … and investment, we are able to capture many of the key empirical properties of Germany and Japan's postwar transitions …

Persistent link: https://www.econbiz.de/10013230828

Labor Laws and Innovation

Acharya, Viral V. - 2014

Stringent labor laws can provide firms a commitment device to not punish short-run failures and thereby spur their employees to pursue value-enhancing innovative activities. Using patents and citations as proxies for innovation, we identify this effect by exploiting the time-series variation...

Persistent link: https://www.econbiz.de/10013069108

The Changing Role of Government in Financing Health Care : An International Perspective

Stabile, Mark - 2013

This paper explores the changing role of government involvement in health care financing policy outside the United States. It provides a review of the economics literature in this area to understand the implications of recent policy changes on efficiency, costs and quality. Our review reveals...

Persistent link: https://www.econbiz.de/10013075869

Data Gaps and the Policy Response to the Novel Coronavirus

Stock, James H. - 2020

This note lays out the basic Susceptible-Infected-Recovered (SIR) epidemiological model of contagion, with a target audience of economists who want a framework for understanding the effects of social distancing and containment policies on the evolution of contagion and interactions with the...

Persistent link: https://www.econbiz.de/10012838354

International Evidence on Sticky Consumption Growth

Carroll, Christopher D. - 2008

We estimate the degree of amp;apos;stickinessamp;apos; in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a...

Persistent link: https://www.econbiz.de/10012772369

Innovation and Productivity Across Four European Countries

Griffith, Rachel - 2007

This paper compares the role innovation plays in productivity across the four European countries France, Germany, Spain …

Persistent link: https://www.econbiz.de/10012778167

CEO Behavior and Firm Performance

Bandiera, Oriana - 2017

We measure the behavior of 1,114 CEOs in six countries parsing granular CEO diary data through an unsupervised machine learning algorithm. The algorithm uncovers two distinct behavioral types: “leaders” and “managers”. Leaders focus on multi-function, high-level meetings, while managers...

Persistent link: https://www.econbiz.de/10012960702

Capital Structure and a Firm's Workforce

Matsa, David A. - 2018

While businesses require funding to start and grow, they also rely on human capital, which affects how they raise funds. Labor market frictions make financing labor different than financing capital. Unlike capital, labor cannot be owned and can act strategically. Workers face unemployment costs,...

Persistent link: https://www.econbiz.de/10012909869

Mpc Heterogeneity in Europe : Sources and Policy Implications

Ampudia, Miguel - 2018

stock returns. Monetary policy has a larger impact on consumption in Italy and Spain compared to France and Germany …

Persistent link: https://www.econbiz.de/10012910644

Global Yield Curve Dynamics and Interactions : A Dynamic Nelson-Siegel Approach

Diebold, Francis X. - 2010

-specific factors. In an empirical analysis of term structures of government bond yields for the Germany, Japan, the U.K. and the U …

Persistent link: https://www.econbiz.de/10012759705

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