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In a standard dynamic stochastic general equilibrium framework, with sticky prices, the cross sectional distribution of output and inflation across a population of firms is studied. The only form of heterogeneity is confined to the probability that the ith changes its prices in response to a...
Persistent link: https://www.econbiz.de/10014204468
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-Keynesian macroeconomics ; DSGE ; cross-sectional distribution ; firm growth …
Persistent link: https://www.econbiz.de/10003844356
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In a standard dynamic stochastic general equilibrium framework, with sticky prices, the cross sectional distribution of output and inflation across a population of firms is studied. The only form of heterogeneity is confined to the probability that the ith changes its prices in response to a...
Persistent link: https://www.econbiz.de/10010271147
Stylized facts suggest that output volatility in OECD countries has declined in recent years. However, the causes and the nature of this decline have so far been analyzed mainly for the United States. In this paper, we analyze whether structural breaks in the dynamics and the volatility of the...
Persistent link: https://www.econbiz.de/10011475861
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covering the development on an aggregate level. Estimations to shed light on the relation between unemployment and labour force … years. However, the impact of this development on unemployment is rather limited. …
Persistent link: https://www.econbiz.de/10010260460
. Empirical results concerning Europe and selected other industrial countries reveal that the cyclical link between unemployment …
Persistent link: https://www.econbiz.de/10010260482
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