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Endogenous Growth, Monetary Shocks and Nominal Rigidities
Annicchiarico, Barbara; Pelloni, Alessandra; Rossi, Lorenza - 2010
We introduce endogenous growth in an otherwise standard NK model with staggered prices and wages. Some results follow …: (i) monetary volatility negatively affects long-run growth; (ii) the relation between nominal volatility and growth … increases the negative effect of nominal volatility on mean growth. …
Persistent link: https://www.econbiz.de/10010343890
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Banking networks and economic growth: from idiosyncratic shocks to aggregate fluctuations
Kundu, Shohini; Vats, Nishant - 2021
relationship between foreign idiosyncratic shocks and domestic economic growth between 1978 and 2000. Contemporaneous changes in … associated with a 0.05-0.26 pp increase in economic growth. Lastly, this can potentially explain the Great Moderation. …
Persistent link: https://www.econbiz.de/10012694566
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Labour productivity and the wageless recovery
Conti, Antonio M.; Guglielminetti, Elisa; Riggi, Marianna - 2019
Persistent link: https://www.econbiz.de/10012144439
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Recessions and local labor market hysteresis
Hershbein, Brad; Stuart, Bryan A. - 2020
This paper studies the effects of each U.S. recession since 1973 on local labor markets. We find that recession-induced declines in employment are permanent, suggesting that local areas experience permanent declines in labor demand relative to less-affected areas. Population also falls,...
Persistent link: https://www.econbiz.de/10012214828
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On prices' cyclical behaviour in oligopolistic markets
Lambertini, Luca; Marattin, Luigi - 2016
level in an oligopoly supergame where a positive shock may hit demand and disrupt collusion. The novel feature of our model … consists in characterising the post-shock noncooperative price and comparing it against the cartel price played in the last …
Persistent link: https://www.econbiz.de/10011705503
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On prices' cyclical behaviour in oligopolistic markets
Lambertini, Luca; Marattin, Luigi - In: Research in economics : an international review of economics 75 (2021) 1, pp. 79-86
Persistent link: https://www.econbiz.de/10012662572
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Government deficit shocks and Okun's coefficient volatility : new insights on the austerity versus growth debate
Binh Thai Pham; Sala, Hector - 2019
This paper connects two salient economic features: (i) Fiscal shocks have asymmetric effects across business cycle phases (Gechert et al., 2019); (ii) Okun's coefficient is time varying and may be unstable. The intertwined dynamic behavior of fiscal shocks and unemployment-output trade-offs are...
Persistent link: https://www.econbiz.de/10012054782
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Taxation rates and stabilization in the framework of supply-side distortions
Menguy, Séverine - In: International economic journal 28 (2014) 1, pp. 95-120
Persistent link: https://www.econbiz.de/10010503553
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The scars of supply shocks
Fornaro, Luca; Wolf, Martin - 2020
Persistent link: https://www.econbiz.de/10012317155
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The scars of supply shocks
Fornaro, Luca; Wolf, Martin - 2020
Persistent link: https://www.econbiz.de/10012436824