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

Aggregate Productivity and the Productivity of Aggregates

Basu, Susanto - 1995

Explanations of procyclical productivity play a key role in a variety of business-cycle models. Most of these models, however, explain this procyclicality within a representative-firm paradigm. This procedure is misleading. We decompose aggregate productivity changes into several terms, each of...

Persistent link: https://www.econbiz.de/10012473485

Missing Aggregate Dynamics : On the Slow Convergence of Lumpy Adjustment Models

Berger, David - 2003

from VAR estimates. The extent of this "missing persistence bias" decreases with the level of aggregation, yet convergence … persistence measures that vary systematically with levels of aggregation should be examined with care since the differential …

Persistent link: https://www.econbiz.de/10012468799

Aggregation and Insurance Mortality Estimation

Dow, William H. - 2003

indicate that aggregation can introduce substantial upward biases in the insurance effects. Overall we find a statistically …

Persistent link: https://www.econbiz.de/10012468871

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

The Aggregate Implications of Gender and Marriage

Borella, Margherita - 2016

Wages, labor market participation, hours worked, and savings differ by gender and marital status. In addition, women and married people make up for a large fraction of the population and of labor market participants, total hours worked, and total earnings. For the most part, macroeconomists have...

Persistent link: https://www.econbiz.de/10012455863

Unanimous Rules in the Laboratory

Bouton, Laurent - 2016

We study the information aggregation properties of unanimous voting rules in the laboratory. In line with theoretical …

Persistent link: https://www.econbiz.de/10012456730

Aggregating Elasticities : Intensive and Extensive Margins of Female Labour Supply

Attanasio, Orazio - 2015

We estimate labour supply elasticities at the micro level and show what we can learn from possibly very heterogeneous elasticities for aggregate behaviour. We consider both intertemporal and intratemporal choices, and identify intensive and extensive responses in a consistent life-cycle...

Persistent link: https://www.econbiz.de/10012457352

Risks For the Long Run : Estimation with Time Aggregation

Bansal, Ravi - 2012

us to estimate models with recursive preferences, latent state variables, and time-aggregated data. Time-aggregation … makes the decision interval of the agent an important parameter to estimate. We find that time-aggregation can significantly … affect parameter estimates and statistical inference. Imposing the pricing restrictions and explicitly accounting for time-aggregation …

Persistent link: https://www.econbiz.de/10012460356

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