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Aggregate Stability and Balanced-Budget Rules
Ghilardi, Matteo; Rossi, Raffaele - International Monetary Fund (IMF) - 2014
model may exhibit indeterminacy and sunspot fluctuations when income tax rates are determined by a balanced-budget rule …
Persistent link: https://www.econbiz.de/10010790380
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Fiscal Policy and Lending Relationships
Melina, Giovanni; Villa, Stefania - International Monetary Fund (IMF) - 2013
This paper studies how fiscal policy affects loan market conditions in the US. First, it conducts a Structural Vector-Autoregression analysis showing that the bank spread responds negatively to an expansionary government spending shock, while lending increases. Second, it illustrates that these...
Persistent link: https://www.econbiz.de/10010790417
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On the Sources and Consequences of Oil Price Shocks; The Role of Storage
Unalmis, Deren; Unalmis, Ibrahim; Unsal, D. Filiz - International Monetary Fund (IMF) - 2012
Building on recent work on the role of speculation and inventories in oil markets, we embed a competitive oil storage model within a DSGE model of the U.S. economy. This enables us to formally analyze the impact of a (speculative) storage demand shock and to assess how the effects of various...
Persistent link: https://www.econbiz.de/10011242253
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Effects of income and financial strain on risky social behaviour in the COVID-19 era : a comparison of the US and Canada
Frechette, Michael; Reilly, Timothy - In: Journal of marketing management : JMM ; journal of the … 37 (2021) 17/18, pp. 1954-1971
Persistent link: https://www.econbiz.de/10013206301
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Involvement in environmental causes, does the joint effect between subjective income and the performance of the country matter?
Melgar, Natalia; Rossi, Máximo - In: Revista de economía del Rosario 15 (2012) 1, pp. 1-18
Persistent link: https://www.econbiz.de/10010208718
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Chapter 6 Educational Wage Premiums and the U.S. Income Distribution: A Survey
Deere, Donald R.; Vesovic, Jelena - In: Handbook of the economics of education : volume 1, (pp. 255-306). 2006
This chapter discusses the large literature and numerous issues regarding education-related differences in income in …. Following the 1940 Decennial Census, which collected information on educational attainment and on earned income and time worked … 1950s/early 1960s greatly expanded the research on education and income and shifted the focus to wages. The human capital …
Persistent link: https://www.econbiz.de/10014023737
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Managerial compensation duration and stock price manipulation
Schroth, Josef - 2015
I build a model of optimal managerial compensation where managers each have a privately observed propensity to manipulate short-term stock prices. It is shown that this informational asymmetry reverses some of the conventional wisdom about the relationship between reliance on short-term pay and...
Persistent link: https://www.econbiz.de/10011287603
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A tractable monetary model under general preferences
Wong, Tsz-Nga - 2013
Consider the monetary model of Lagos and Wright (JPE 2005) but with general preferences and general production. I show that preferences satisfying UXXUHH - (UXH)2 = 0 is a sufficient condition for the existence and uniqueness of monetary equilibrium with degenerate money distribution. I solve...
Persistent link: https://www.econbiz.de/10009718496
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Testing Rubin’s model 25 years later : a multilevel approach to local economic development incentive adoption
Stokan, Eric - In: Economic development quarterly : the journal of … 27 (2013) 4, pp. 301-315
Persistent link: https://www.econbiz.de/10010243053
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The geography of pandemic containment
Giannone, Elisa; Paixão, Nuno; Pang, Xinle - 2021 - Last updated: June 10, 2021
How does interconnectedness affect the course of a pandemic? What are the optimal withinand between-state containment policies? We embed a spatial SIR model into a multi-sector quantitative trade model. We calibrate it to US states and the COVID-19 pandemic and find that interconnectedness...
Persistent link: https://www.econbiz.de/10012546119