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Frictions and the joint behavior of hiring and investment
Yashiv, Eran - 2012
The decisions of firms on investment and hiring play a crucial role in business cycle fluctuations. This paper explores ….S. data, it shows that the model with frictions is able to fit the data. A key element is the interaction of hiring and … investment costs. It is significant and negatively signed, implying complementarity between investment and hiring. There is a …
Persistent link: https://www.econbiz.de/10010287683
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Ethical vs. non-ethical - is there a difference? Analyzing performance of ethical and non-ethical investment fund
Lundberg, Linnéa; Novák, Jiří; Vikman, Maria - 2009
Ethical investments have become increasingly popular over the past years. Ethical funds restrict their investment based … yields mixed results. This paper investigates the differences in risk profiles and realized returns between ethical and non …
Persistent link: https://www.econbiz.de/10010322203
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Applications and interviews: A structural analysis of two-sided simultaneous search
Wolthoff, Ronald P. - 2011
their application and hiring decisions. I analyze the magnitude of these frictions. For this purpose, I present an … and firms. This ignores the frictions that arise when workers and firms meet in a multilateral way and cannot coordinate … determine the loss in social surplus compared to a Walrasian world. Frictions on the worker and the firm side each cause …
Persistent link: https://www.econbiz.de/10010274755
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Applications and interviews: A structural analysis of two-sided simultaneous search
Wolthoff, Ronald P. - 2010
their application and hiring decisions. I analyze the magnitude of these frictions. For this purpose, I present an … and firms. This ignores the frictions that arise when workers and firms meet in a multilateral way and cannot coordinate … determine the loss in social surplus compared to a Walrasian world. Frictions on the worker and the firm side each cause …
Persistent link: https://www.econbiz.de/10010278320
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A gains from trade perspective on macroeconomic fluctuations
Beaudry, Paul; Portier, Franck - 2012
Business cycles reflect changes over time in the amount of trade between individuals. In this paper we show that incorporating explicitly intra-temporal gains from trade between individuals into a macroeconomic model can provide new insight into the potential mechanisms driving economic...
Persistent link: https://www.econbiz.de/10010307846
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Capital's long march west: Saving and investment frictions in Chinese regions
Cudré, Samuel - 2014
in Gourinchas and Jeanne (2013) to compute regional investment and saving wedges. By relating those frictions with TFP … catch-up parameters, we find an investment and a saving puzzle: regions that caught up relative to the rest of China seem to … have lower investment rate (higher investment tax) and higher saving (lower saving tax) relative to the prediction of the …
Persistent link: https://www.econbiz.de/10011282498
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Asset prices and macroeconomic outcomes: A survey
Claessens, Stijn; Kose, M. Ayhan - 2017
This paper surveys the literature on the linkages between asset prices and macroeconomic outcomes. It focuses on three major questions. First, what are the basic theoretical linkages between asset prices and macroeconomic outcomes? Second, what is the empirical evidence supporting these...
Persistent link: https://www.econbiz.de/10012060200
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Search in the product market and the real business cycle
Mathä, Thomas Y.; Pierrard, Olivier - 2009
’ relative bargaining power. Product market frictions decrease the steady state equilibrium, improve the cyclical properties of … the model and provide a more realistic picture of firms’ business environment. This suggests that product market frictions … rigidities are negligible relative to welfare costs of frictions. …
Persistent link: https://www.econbiz.de/10011605082
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Risk pooling, leverage, and the business cycle
Dindo, Pietro; Modena, Andrea; Pelizzon, Loriana - 2020
by pooling the idiosyncratic risks of their investment activities. We find that leverage amplifies variations of …
Persistent link: https://www.econbiz.de/10012181651
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Is it your foreign name or foreign qualifications? An experimental study of ethnic discrimination in hiring
Carlsson, Magnus; Rooth, Dan-Olof - 2008
This paper contributes to the existing literature on ethnic discrimination of immigrants in hiring by addressing the …
Persistent link: https://www.econbiz.de/10010269375