Showing 1 - 10 of 13,647
Persistent link: https://www.econbiz.de/10012202146
Persistent link: https://www.econbiz.de/10011991599
Persistent link: https://www.econbiz.de/10014281378
Persistent link: https://www.econbiz.de/10010379513
Persistent link: https://www.econbiz.de/10001586482
I outline a simple roadmap for work in micro-founded models. Rather than abandoning the route to further micro-foundations and returning to ad hoc economics, the techniques we have used over the past two decades to develop micro-founded business cycle models will allow us to develop models with...
Persistent link: https://www.econbiz.de/10008771340
The aftermath of the recent economic crisis saw the largest U.S. government bailout of corporate entities ever. While … the bailout was carried out with the explicit goal of restoring stability, it aroused much controversy and public … criticism based on moral hazard concerns as well as the exorbitant cost to the taxpayer. This paper examines the bailout design …
Persistent link: https://www.econbiz.de/10011859529
This paper reconsiders the role of macroeconomic shocks and policies in determining the Great Recession and the subsequent recovery in the US. The Great Recession was mainly caused by a large demand shock and by the ZLB on the interest rate policy. In contrast with previous findings, the...
Persistent link: https://www.econbiz.de/10011434680
Persistent link: https://www.econbiz.de/10012307282
Persistent link: https://www.econbiz.de/10011911929