Narrow search
Showing 1 - 10 of 3,489
Cover Image
What Works for Agricultural Nonpoint Source Pollution Reduction? Evidence from the Corn Belt in the United States
Zhang, Xiaojie - 2016
in the search of reducing systemic production risk in agriculture via crop insurance. An Instrumental variable (IV …
Persistent link: https://www.econbiz.de/10014127848
Cover Image
Do frictions matter in the labor market? : accessions, separations and minimum wage effects
Dube, Arindrajit; Lester, T. William; Reich, Michael - 2011
We measure labor market frictions using a strategy that bridges design-based and structural approaches: estimating an equilibrium search model using reduced-form minimum wage elasticities identified from border discontinuities and fitted with Bayesian and LIML methods. We begin by providing the...
Persistent link: https://www.econbiz.de/10009310198
Cover Image
US Business Cycle Dynamics at the Zero Lower Bound
Boehl, Gregor; Strobel, Felix - 2021
Using a nonlinear Bayesian likelihood approach that fully accounts for the lower bound on nominal interest rates, we analyze US post-crisis macroeconomic dynamics and provide reference parameter estimates. We find that despite the attention received in the literature, neither the inclusion of...
Persistent link: https://www.econbiz.de/10013250722
Cover Image
US business cycle dynamics at the zero lower bound
Böhl, Gregor; Strobel, Felix - 2020
Using a nonlinear Bayesian likelihood approach that fully accounts for the lower bound on nominal interest rates, we analyze US post-crisis macroeconomic dynamics and provide reference parameter estimates. We find that despite the attention received in the literature, neither the inclusion of...
Persistent link: https://www.econbiz.de/10012406022
Cover Image
US business cycle dynamics at the zero lower bound
Böhl, Gregor; Strobel, Felix - 2020
Using a nonlinear Bayesian likelihood approach that fully accounts for the zero lower bound on nominal interest rates, the authors analyze US post-crisis business cycle dynamics and provide reference parameter estimates. They find that neither the inclusion of financial frictions nor that of...
Persistent link: https://www.econbiz.de/10012234437
Cover Image
Dynamic optimization and learning : how should a manager set prices when the demand function is unknown?
Carvalho, Alexandre Ywata de; Puterman, Martin L. - 2015
This paper considers the problem of changing prices over time to maximize expected revenues in the presence of unknown demand distribution parameters. It provides and compares several methods that use the sequence of past prices and observed demands to set price in the current period. A Taylor...
Persistent link: https://www.econbiz.de/10012025378
Cover Image
Policy risk and the business cycle
Born, Benjamin; Pfeifer, Johannes - 2013 - This version: July 11, 2013, First Version: December 2010
The argument that policy risk, i.e., uncertainty about monetary and fiscal policy, has been holding back the economic … recovery in the U.S. during the Great Recession has a large popular appeal. We analyze the role of policy risk in explaining … business cycle fluctuations by using an estimated New Keynesian model featuring policy risk as well as uncertainty about …
Persistent link: https://www.econbiz.de/10009772961
Cover Image
Measuring the Effects of U.S. Uncertainty and Monetary Conditions on EMEs’ Macroeconomic Dynamics
Rivolta, Giulia - 2020
We explore empirically the transmission of U.S. financial and macroeconomic uncertainty to emerging market economies (EMEs). We start by assuming that there are crucial differences between volatility and uncertainty, and between the latter and its shocks. With the help of Bayesian vector...
Persistent link: https://www.econbiz.de/10012837420
Cover Image
Investigating Risk Contagion Initiated by Endogenous Liquidity Shocks : Evidence from the US and Eurozone Interbank Market
Eross, Andrea - 2018
This paper investigates liquidity spillovers between the US and European interbank market during turbulent and tranquil periods. We show that an endogenous model with time-varying transition probabilities is effective in describing the propagation of liquidity shocks within the interbank market,...
Persistent link: https://www.econbiz.de/10012936358
Cover Image
Policy risk and the business cycle
Born, Benjamin; Peifer, Johannes - 2011 - This version: June 1, 2011
The argument that policy risk, i.e. uncertainty about monetary and fiscal policy, has been holding back the economic … recovery in the U.S. during the Great Recession has a large popular appeal. We analyze the role of policy risk in explaining … business cycle fluctuations by using an estimated New Keynesian model featuring policy risk as well as uncertainty about …
Persistent link: https://www.econbiz.de/10009126071