Estudios sobre diversos países muestran que el comportamiento de la tasa de desempleo depende fuertemente de su propia historia y no es explicado fácilmente por el nivel actual de la demanda agregada o por los cambios en la oferta de trabajo. Los modelos tradicionales basados en la curva de...

None

None

Systemic risk in banking has gained renewed prominence in the literature in recent years. To date, empirical studies aimed at assessing the quantitative importance of systemic risk have analyzed the outcomes of historical banking crises. This paper takes a new tack by attempting to assess the...

Investments of the Swiss industries are viewed as derived factor demand by a firm maximizing its present value. The firm determines its demand for labour by maximizing profits from production. Simultaneously, it determines the optimal structure of finance by minimizing the respective costs....