Narrow search
Showing 1 - 10 of 53,914
Cover Image
General Equilibrium Vintage Capital Growth Models Displaying Periodic Solutions: A Theoretical Example.
Boucekkine, R.; Germain, M.; Licandro, O. - Center for Operations Research and Econometrics (CORE), … - 1996
In a dynamic general equilibrium setup, this paper highlights the role of vintages and creative destruction in business fluctuations. By stressing the forward-looking characteristic of the optimal scrapping rule, we use a standard rational expectations argument to show the constancy of the...
Persistent link: https://www.econbiz.de/10005669320
Cover Image
The great dissolution: organization capital and diverging volatility puzzle
Che, Natasha Xingyuan - Volkswirtschaftliche Fakultät, … - 2009
Most traditional explanations for the decreasing aggregate output volatility - so-called "Great Moderation" - fail to … accommodate, or even directly contradict, another aspect of empirical data: the average sales volatility for publicly-traded US … volatility divergence. Firms in the modern economy have been investing heavily in intangible and organizational assets, such as R …
Persistent link: https://www.econbiz.de/10005619779
Cover Image
Measuring the Ex-Ante Social Cost of Aggregate Volatility
Kurz, Mordecai - Stanford Institute for Economic Policy Research … - 2005
consumption volatility currently observed. This paper proposes that the ex-ante component of cost is important and large. The … formulation suggests that stabilization policy mitigates the effects of aggregate volatility by offering important insurance … against aggregate volatility. Stabilization policy is then a public good which enables individual agents to reduce the private …
Persistent link: https://www.econbiz.de/10010616021
Cover Image
IMPACT OF R&D INVESTMENT ON ECONOMIC GROWTH OF THE CZECH REPUBLIC - A RECURSIVELY DYNAMIC CGE APPROACH
Křístková, Zuzana - In: Prague Economic Papers 2013 (2013) 4, pp. 412-433
The paper investigates how results obtained with standard CGE models can be improved by incorporating the effects of R&D activity in a recursively-dynamic CGE model built for the economy of the Czech Republic. The main objective of the paper is to quantify the impact of R&D activity on the...
Persistent link: https://www.econbiz.de/10010602020
Cover Image
Impact of R&D Investment on Economic Growth of the Czech Republic - A Recursively Dynamic CGE Approach
Křístková, Zuzana - In: Prague Economic Papers 2012 (2012) 4, pp. 412-433
The paper investigates how results obtained with standard CGE models can be improved by incorporating the effects of R&D activity in a recursively-dynamic CGE model built for the economy of the Czech Republic. The main objective of the paper is to quantify the impact of R&D activity on the...
Persistent link: https://www.econbiz.de/10011195562
Cover Image
An estimated new Keynesian dynamic stochastic general equilibrium model of the Euro area
Ratto M.; Roeger W.; in’t Veld J.; Girardi R. - EconWPA - 2005
called New Keynesian Paradigm (NKM). This paper applies Bayesian estimation techniques to a time series data set of the euro … then serve as a benchmark for an estimation of a QUEST specification. In fact in some dimensions the QUEST model may need …
Persistent link: https://www.econbiz.de/10005561357
Cover Image
European Union Economy System Dynamic Model Development
Skribans, Valerijs - Volkswirtschaftliche Fakultät, … - 2012
The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is...
Persistent link: https://www.econbiz.de/10011259562
Cover Image
Importancia de las rigideces nominales y reales en Colombia: un enfoque de equilibrio general dinámico y estocástico
Bonaldi, Pietro; González, Andrés; Rodríguez, Diego - In: ENSAYOS SOBRE POLÍTICA ECONÓMICA (2011)
Este artículo pretende determinar qué conjunto de rigideces nominales y reales se debe incluir en un modelo DSGE para replicar la dinámica de las variables agregadas de la economía colombiana. Con este fin, se estiman varios modelos DSGE con distintas combinaciones de rigideces nominales y...
Persistent link: https://www.econbiz.de/10010774627
Cover Image
Credit Crunches and Credit Allocation in a Model of Entrepreneurship
Bassetto, Marco; Cagetti, Marco; Nardi, Mariacristina De - In: Review of Economic Dynamics 18 (2015) 1, pp. 53-76
We study the effects of credit shocks in a model with heterogeneous entrepreneurs, financing constraints, and a realistic firm-size distribution. As entrepreneurial firms can grow only slowly and rely heavily on retained earnings to expand the size of their business, we show that, by reducing...
Persistent link: https://www.econbiz.de/10011160658
Cover Image
Financial Factors and Investment in Belgium, France, Germany and the UK: a Comparison using Company Panel Data.
Bond, S.; Elston, J.A.; Mairesse, J.; Mulkay, B. - 1999
We construct company panel datasets for manufacturing firms in Belgium , France, Germany and the UK, covering the period 1978-89. These datasets are used to estimate emprirical investment equations, and to investigate the role played by financial factors in each country.
Persistent link: https://www.econbiz.de/10005641140