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Cryptocurrencies provide an important dimension of innovation to the evolution of the exchange medium we call money …
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-- Assessing Relationship Between Entrepreneurship Education and Business Growth -- Innovation Policy to Solve Convergence … a Real EMU as a Need for Addressing Crises -- MNEs Institutional Entrepreneurship: The Effect on Corruption. An Analysis … of Emerging Economies -- Innovation and Skills Requirements in Post-transition Economies -- Managing Labor Relations in …
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Since Christopher Sims’s Macroeconomics and Realityʺ (1980), macroeconomists have used structural VARs, or vector autoregressions, for policy analysis. Constructing the impulseresponse functions and variance decompositions that are central to this literature requires factoring the...
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This paper studies the role of endogenous producer entry and product creation for monetary policy analysis and business cycle dynamics in a general equilibrium model with imperfect price adjustment. Optimal monetary policy stabilizes product prices, but lets the consumer price index vary to...
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Structural innovations in multivariate dynamic systems are typically hidden and often identified by means of a-priori economic reasoning. Under multivariate Gaussian model innovations there is no loss measure available to distinguish alternative orderings of variables or, put differently,...
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