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The Covid-19 crisis and consumption : survey evidence from six EU countries

Christelis, Dimitris; Georgarakos, Dimitris; Jappelli, … - 2020

Persistent link: https://www.econbiz.de/10012502781

Asset Pricing, Habit Memory, and the Labor Market

Jaccard, Ivan - Institut für Schweizerisches Bankwesen <Zürich> - 2007

This study ﬁnds that a model with internal habit memory allowsto simultaneously explain a series of business cycle and asset pricing puzzles. Compared to the literature, the equity premium puzzle can be resolved in a model with endogenous labor, without giving rise to excessive risk free rate...

Persistent link: https://www.econbiz.de/10005858035

Strategic Asset Allocation, Asset Price Dynamics, and the Business Cycle

Jaccard, Ivan - Institut für Schweizerisches Bankwesen <Zürich> - 2007

addition to consumption and dividends, both prices and portfolio decisions are allowed to be endogenously determined within a …

Persistent link: https://www.econbiz.de/10005858061

Konjunkturanalyse for Bornholm, 1987 til 1996. Kapitel 3: arbejdsmarkedet på Bornholm 1987 til 1996

Lund, Lars - 2001

Using the seminal work of Blanchard and Katz on regional development as a frame a small number of macro economic key figures are looked upon for Bornholm, the Capital Area and the country. The model used is presented and even though the analysed time period is short, a comparison is made with...

Persistent link: https://www.econbiz.de/10012142225

Moral costs, the informal sector and unemployment

Kolm, Ann-Sofie; Larsen, Birthe - 2001

While examining the macroeconomic effects of increased government control of the informal sector, this paper develops a two-sector general equilibrium model featuring matching frictions and worker-firm wage bargaining. The same good is produced in the formal and in the informal sector. Moral...

Persistent link: https://www.econbiz.de/10012142242

Participation Constraints in the Stock Market: Evidence from Unexpected Inheritance due to Sudden Death

Andersen, Steffen; Meisner Nielsen, Kasper - 2010

We use a natural experiment to investigate the impact of participation constraints on individuals' decisions to invest in the stock market. Unexpected inheritance due to sudden deaths results in exogenous variation in financial wealth and allows us to examine whether fixed entry and ongoing...

Persistent link: https://www.econbiz.de/10012142364

Disasters and the networked economy : a book summary

Albala-Bertrand, José M. - 2014

This document summarizes the thrust of my monograph book Disasters and the Networked Economy (2003, NY: Routledge. 228 pp. ISBN: 978-0-415-66629-9). It is no substitution for the book, but it attempts to make salient the main concepts, explanations and conclusions of it. It does so by first...

Persistent link: https://www.econbiz.de/10010339723

Marching to good laws : the impact of war, politics, and international credit on reforms in Ukraine

Kochnev, Artem - 2021

The paper investigates determinants of investments in state capacity and institutional change in contemporary Ukraine. After formulating a simple sequential two-stage model of investments in state capacity, the paper estimates autoregressive distributed lag and vector autoregressive models to...

Persistent link: https://www.econbiz.de/10012424667

The macroeconomic effects of a carbon tax to meet the U.S. Paris Agreement target: the role of firm creation and technology adoption

Finkelstein Shapiro, Alan; Metcalf, Gilbert E. - 2021

consumption and output; a marginal increase in the unemployment and labor force participation rates; and an expansion in the … accompanied by gradual gains in output and consumption and a negligible expansion in unemployment. Critically, abstracting from …-term effects on labor income, consumption, and output. Our findings highlight the importance of these margins for a comprehensive …

Persistent link: https://www.econbiz.de/10012519987

Unconventional monetary policy, leverage & default dynamics

Palombo, Edoardo - 2020

The objective of this paper to investigate the effectiveness of credit easing policy in mitigating the economic fallout from a financial recession using a model that can account for the observed default and leverage dynamics during the financial crisis of 2007. A general equilibrium model is...

Persistent link: https://www.econbiz.de/10012243296

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