Similar Search Results

How Do Strategic Complementarity and Substitutability Shape Equilibrium Dynamics?

Beaudry, Paul; Galizia, Dana S.; Portier, Franck - National Bureau of Economic Research - 2024

Macroeconomic dynamics are shaped by how individual incentives to spend and accumulate interact with the decisions of others. The goal of this paper is to identify--within a simple large-game-theoretic structure--which types of agent interactions favor which types of dynamic equilibrium...

Persistent link: https://www.econbiz.de/10014635624

Aggregation and Stabilization Policy in a Multi-Contract Economy

Blinder, Alan S. - 1982

usefully aggregated into a single sector model. Such an aggregation misleads the economist as to the economy's underlying …

Persistent link: https://www.econbiz.de/10012478238

Consistent Simple Sum Aggregation over Assets

Jones, David S. - 1980

maximizing investors. The first part of the paper extends the Hicks and Leontief aggregation theorems of consumer choice theory …This paper discusses the issue of consistent simple sum aggregation over assets within the context of expected utility … to the portfolio choice problem. Next, necessary and sufficient conditions for consistent simple sum aggregation are …

Persistent link: https://www.econbiz.de/10012478560

Aggregate Land Rents and Aggregate Transport Costs

Arnott, Richard J. - 1980

This paper explores the relationship between aggregate land rents and aggregate transport costs for land markets in which locations differ solely in terms of accessibility. That there exists a relationship between land rents and transport costs has been recognized at least since the time of von...

Persistent link: https://www.econbiz.de/10012478613

The Role of Intergenerational Transfers in Aggregate Capital Accumulation

Kotlikoff, Laurence J. - 1980

This paper uses historicaI U.S. data to directly estimate the contribution of intergenerational transfers to aggregate capital accumulation. The evidence presented indicates that intergenerational transfers account for the vast majority of aggregate U .S. capital formation; only a negligible...

Persistent link: https://www.econbiz.de/10012478700

A Short Note on Aggregating Productivity

Baqaee, David - 2019

This paper discusses two simple decompositions for aggregate productivity analysis in the presence of distortions and in general equilibrium. The first is a generalization of Baqaee and Farhi (2017) and the second is due to Petrin and Levinsohn (2012). In the process, we propose a new...

Persistent link: https://www.econbiz.de/10012479640

Machine Learning for Regularized Survey Forecast Combination : Partially-Egalitarian Lasso and its Derivatives

Diebold, Francis X. - 2018

Despite the clear success of forecast combination in many economic environments, several important issues remain incompletely resolved. The issues relate to selection of the set of forecasts to combine, and whether some form of additional regularization (e.g., shrinkage) is desirable. Against...

Persistent link: https://www.econbiz.de/10012480620

Labor-Market Heterogeneity, Aggregation, and the Lucas Critique

Chang, Yongsung - 2010

asset markets and indivisible labor supply. Imperfect aggregation manifests itself through preference shocks in the …

Persistent link: https://www.econbiz.de/10012462255

Consistent Trade Policy Aggregation

Anderson, James E. - 2008

Most empirical policy work requires the aggregation of policies. Trade policy aggregation exemplifies the aggregation … problem poignantly, with thousands of highly dispersed trade barriers. This paper provides methods of policy aggregation that …-country policy modeling. An application to India shows that the standard atheoretic method of aggregation overstates India's real …

Persistent link: https://www.econbiz.de/10012464601

Aggregate Consequences of Limited Contract Enforceability

Cooley, Thomas - 2003

We study a general equilibrium model in which entrepreneurs finance investment with optimal financial contracts. Because of enforceability problems, contracts are constrained efficient. We show that limited enforceability amplifies the impact of technological innovations on aggregate output....

Persistent link: https://www.econbiz.de/10012468562

1
2
3
4
5
6
7
8
9
10
Next
Last