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This paper develops a discrete-time epidemiological model for the spread of economic crises across sectors in the United States for the period 1952-2015. It is the first to use an epidemiological approach with macroeconomic (Flow of Funds) data. An extension of the usual one-period Markov model...
Persistent link: https://www.econbiz.de/10012930069
This paper develops a discrete-time epidemiological model for the spread of crises across sectors in the United States for the period 1952-2015. It is the first to use an epidemiological approach with macroeconomic (Flow of Funds) data. An extension of the usual one-period Markov model to a...
Persistent link: https://www.econbiz.de/10011794328
consumer packaged goods matched at the barcode-level across two countries, United States and Mexico. We estimate that the …
Persistent link: https://www.econbiz.de/10012823916
In this study, I demonstrate that international mutual funds can cause temporary stock price deviations from fundamentals in the countries they have positions in. I show that US mutual funds massively sold their Mexican equity when the recent crisis was developing, which then led to the average...
Persistent link: https://www.econbiz.de/10012930987
resurgence of traditional Keynesian economics and a decline of what has come to be called “market fundamentalism." By contrast …
Persistent link: https://www.econbiz.de/10013125344
Has the global financial crisis of 2007ff had a visible impact on the economics profession? To answer this question we … changes in contemporary economics, although the topic of financial instability received increased attention after the crisis. …
Persistent link: https://www.econbiz.de/10011799120
The decision to disclose social information in annual reports is a voluntary one. A positive model of the factors that may influence firms′ decisions to disclose social information is proposed. It is hypothesised that the decision may be affected by (a) social performance, (b) political...
Persistent link: https://www.econbiz.de/10014641428
member countries. NAFTA did improve the trade balance and foreign direct investment of Mexico. NAFTA also improved the trade …
Persistent link: https://www.econbiz.de/10009352465
Even though price indexes are one of the great inventions of economics, the theory of index numbers and its … the best minds over the years. Therefore, it seems that in economics, theory of price indexes and its applications … relevance using as an example the measurement of the multidimensional poverty in Mexico. …
Persistent link: https://www.econbiz.de/10010797733
Modern macroeconomics empirically addresses economy-wide incentives behind economic actions by using insights from the way a single representative household would behave. This analytical approach requires that incentives of the poor and the rich are strictly aligned. In empirical analysis a...
Persistent link: https://www.econbiz.de/10010298407