Showing 1 - 10 of 11,965
Two main objectives of Structural Vector AutoRegression (SVAR) modeling are recovering structural shocks from reduced form shocks and Impulse-Response Analysis and Forecast error variance decomposition. As is well known, the first of these is possible only if the number of structural shocks is...
Persistent link: https://www.econbiz.de/10013036425
To what extent can monetary policy impact business innovation and productivity growth? We use a New Keynesian model … with endogenous total factor productivity (TFP) to quantify the TFP losses due to the constraints on monetary policy …
Persistent link: https://www.econbiz.de/10011780305
Persistent link: https://www.econbiz.de/10003647662
"Most analyses of the macroeconomic adjustment required to correct global imbalances ignore net exports of new varieties of goods and services and do not account for firms' entry in the product market. In this paper we revisit the macroeconomics of trade adjustment in the context of the classic...
Persistent link: https://www.econbiz.de/10003669516
Persistent link: https://www.econbiz.de/10003659247
Most analyses of the macroeconomic adjustment required to correct global imbalances ignore net exports of new varieties of goods and services and do not account for firms' entry in the product market. In this paper we revisit the macroeconomics of trade adjustment in the context of the classic...
Persistent link: https://www.econbiz.de/10012759531
Most analyses of the macroeconomic adjustment required to correct global imbalances ignore net exports of new varieties of goods and services and do not account for firms' entry in the product market. In this paper we revisit the macroeconomics of trade adjustment in the context of the classic...
Persistent link: https://www.econbiz.de/10012464851
Persistent link: https://www.econbiz.de/10009707241
This research sheds light on the role of product scope on the innovation activity of multinational multi-product firms. We use patent citation data to break down innovation into two types by measuring the degree to which innovation performed by firms is fundamental and the extent to which the...
Persistent link: https://www.econbiz.de/10010189433
Persistent link: https://www.econbiz.de/10012168517