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We postulate a nonlinear DSGE model with a financial sector and heterogeneous households. In our model, the interaction between the supply of bonds by the financial sector and the precautionary demand for bonds by households produces significant endogenous aggregate risk. This risk induces an...
Persistent link: https://www.econbiz.de/10012524850
We study the link between culturally inherited household structure and wealth distribution in international comparisons using household data for the US and Spain (the SCF and the EFF). We estimate counterfactual US distributions relying on the Spanish household structure. Our results show that...
Persistent link: https://www.econbiz.de/10012529955
Este artículo analiza el problema de un planificador benevolente que desea controlar una población de agentes heterogéneos sujetos a perturbaciones idiosincrásticas. Esto es equivalente a un problema de control determinista en el que la variable de estado pertinente es la distribución de...
Persistent link: https://www.econbiz.de/10012530491
Just like the blind men in the popular story of perceiving the elephant, the three major constituencies participating in the energy debate have greatly different perceptions of the problem. The constituency that is worried about climate change believes the energy problem is caused by profligate...
Persistent link: https://www.econbiz.de/10009436540
Household expenditures serve as one of crucial indicators of living standard. Monitoring of its extent and its structure at regional level is source of information of particular importance – situation and quality of life of particular region´s population. The paper is focused on possibilities...
Persistent link: https://www.econbiz.de/10011316114
This paper mainly aims to extend the philosophy of capability development at the micro level for achieving individual happiness as a part of a community through social transformation and to achieve happiness at individual and community level. One of the main indicators for Gross National...
Persistent link: https://www.econbiz.de/10009468684
Ein Leben frei von Hunger ist ein bedeutender Bestandteil der Lebensqualität. Um die Ernährungssituation in Afrika südlich der Sahara (ASS) zu quantifizieren, bedient sich die Studie der Methoden der anthropometrischen Wirtschaftsgeschichte. Eine unzureichende Ernährung sowie ein hoher...
Persistent link: https://www.econbiz.de/10009475318
in Australia and the efficiency of the Australian stock market. More specifically the thesis focuses on the time series …
Persistent link: https://www.econbiz.de/10009434821
the United States. It then describes the education sector of Australia and its international education industry in depth … Australia, Canada, New Zealand, the United Kingdom and United States are then outlined. Initial descriptive statistics suggest … series of in-depth interviews with fifteen education institutions in Australia.Two regressions were used to estimate the …
Persistent link: https://www.econbiz.de/10009434822
Office space oversupply cost Australia billions of dollars during the 1990-92 recession. Australia, the United States …
Persistent link: https://www.econbiz.de/10009434824