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A new look at uncertainty shocks : imperfect information and misallocation
Senga, Tatsuro - 2015
experiences a shock forcing it to start learning afresh. Firms differ in their information; more informed firms have lower … posterior variances in beliefs. An uncertainty shock is a rise in the probability that any given firm will lose its information … a prolonged recession followed by anemic recovery in response to an uncertainty shock. When confronted with a rise in …
Persistent link: https://www.econbiz.de/10011401309
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Common stochastic trends, common cycles, and asymmetry in economic fluctuations
Kim, Chang-jin (contributor); Piger, Jeremy Max (contributor) - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001965274
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Cheap talk, gullibility, and welfare in an environmental taxation game
Dawid, Herbert; Deissenberg, Christophe; Ševc̆ik, Pavel - 2004
We consider a simple dynamic model of environmental taxation that exhibits time inconsistency. There are two categories of firms, Believers, who take the tax announcements made by the Regulator to face value, and Non-Believers, who perfectly anticipate the Regulator's decisions, albeit at a...
Persistent link: https://www.econbiz.de/10011606951
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Transmission of business cycle shocks between the US and the euro area
Schneider, Martin; Fenz, Gerhard - 2008
Persistent link: https://www.econbiz.de/10003773540
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Interest rate dynamics, variable-rate loan contracts, and the business cycle
Pintus, Patrick A.; Wen, Yi; Xing, Xiaochuan - 2015 - This version: November 4, 2015
Persistent link: https://www.econbiz.de/10011392276
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The changing transmission of uncertainty shocks in the US : an empirical analysis
Mumtaz, Haroon; Theodoridis, Konstantinos - 2014
shock has remained fairly stable. Simulations from a non-linear DSGE model suggest that these empirical results are …
Persistent link: https://www.econbiz.de/10010472799
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Risk shocks and divergence between the euro area and the US in the aftermath of the Great Recession
Brand, Thomas; Tripier, Fabien - 2021
Persistent link: https://www.econbiz.de/10012659249
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Digital resilience: how work-from-home feasibility affects firm performance
Bai, Jianqiu; Brynjolfsson, Erik; Jin, Wang; Steffen, … - 2021
Persistent link: https://www.econbiz.de/10012505808
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Dynamic effects of monetary policy shocks on macroeconomic volatility
Mumtaz, Haroon; Theodoridis, Konstantinos - 2015
Epstein-Zin preferences to study the volatility implications of a monetary policy shock. An unexpected increases in the policy … volatility effects of the shock are driven by agents' concern about the (in)ability of the monetary authority to reverse …
Persistent link: https://www.econbiz.de/10011389786
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Financial frictions and the extensive margin of activity
Poutineau, Jean-Christophe; Vermandel, Gauthier - 2015
Persistent link: https://www.econbiz.de/10011303045