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Persistent link: https://www.econbiz.de/10003328171
imposed if accepted. Alternatively, if one has less confidence in the short-run theory the dynamics can be left unrestricted … equilibrium values of the variables reflecting the long-run theory embodied in the model can be calculated. This approach has been …
Persistent link: https://www.econbiz.de/10003301036
Persistent link: https://www.econbiz.de/10003364860
imposed if accepted. Alternatively, if one has less confidence in the short-run theory the dynamics can be left unrestricted … equilibrium values of the variables reflecting the long-run theory embodied in the model can be calculated. This approach has been …
Persistent link: https://www.econbiz.de/10012778617
restrictions can be tested and imposed if accepted. Alternatively, if one has less confidence in the short-run theory the dynamics … from ad hoc statistical trends, the equilibrium values of the variables reflecting the long-run theory embodied in the …
Persistent link: https://www.econbiz.de/10014056400
Persistent link: https://www.econbiz.de/10013263469
This paper develops a dynamic spatial equilibrium model of regional housing markets in which house prices are jointly determined with migration flows. Agents optimize period-by-period and decide whether to remain where they are or migrate to a new location at the start of each period. The gain...
Persistent link: https://www.econbiz.de/10011840772
This paper develops a dynamic spatial equilibrium model of regional housing markets in which house prices are jointly determined with migration flows. Agents optimize period-by-period and decide whether to remain where they are or migrate to a new location at the start of each period. The gain...
Persistent link: https://www.econbiz.de/10012916531
We study the long-term impact of climate change on economic activity across countries, using a stochastic growth model where labour productivity is affected by country-specific climate variables. defined as deviations of temperature and precipitation from their historical norms. Using a panel...
Persistent link: https://www.econbiz.de/10012052844
We investigate the long-term macroeconomic effects of climate change across 48 U.S. states over the period 1963.2016 using a novel econometric strategy which links deviations of temperature and precipitation (weather) from their long-term moving-average historical norms (climate) to various...
Persistent link: https://www.econbiz.de/10013177576