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Vulnerabilities in Central and Eastern European countries : Dynamics of asymmetric shocks
Zdzienicka, Aleksandra - Groupe d'Analyse et de Théorie Économique Lyon … - 2009
In this work, we use the VAR and space-state methodology to analyze how the recent developments in 20 European countries have modified the dynamics of structural shocks. Our results confirm a visible progress in (predominated output fluctuations) supply shocks convergence between the CEECs and...
Persistent link: https://www.econbiz.de/10005002525
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Macroeconomic Volatility and Exchange Rate Pass-through under Internationalized Production
Eyquem, Aurélien; Kamber, Günes - Groupe d'Analyse et de Théorie Économique Lyon … - 2009
This paper shows that internationalized production, modelled as trade in inter- mediate goods, challenges the standard result according to which exchange rate volatility insulates small open economies from external shocks. Movements of relative prices aect the economy through an additional...
Persistent link: https://www.econbiz.de/10005002526
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Dynamic models of residential segregation: Brief review, analytical resolution and study of the introduction of coordination
Grauwin, Sebastian; Goffette-Nagot, Florence; Jensen, Pablo - Groupe d'Analyse et de Théorie Économique Lyon … - 2009
In his 1971's Dynamic Models of Segregation paper, the economist Thomas C. Schelling showed that a small preference for … deepening the understanding of the properties of dynamic models of segregation based on Schelling's hypotheses. Its main … level of tax is sufficient under certain circumstances to significantly reduce segregation. We then investigate the effect …
Persistent link: https://www.econbiz.de/10005004754
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Dynamic models of residential segregation: Brief review, analytical resolution and study of the introduction of coordination
Goffette-Nagot, Florence; Jensen, Pablo; Grauwin, Sébastian - HAL - 2009
In his 1971's Dynamic Models of Segregation paper, the economist Thomas C. Schelling showed that a small preference for … deepening the understanding of the properties of dynamic models of segregation based on Schelling's hypotheses. Its main … level of tax is sufficient under certain circumstances to significantly reduce segregation. We then investigate the effect of …
Persistent link: https://www.econbiz.de/10008793080
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Identity, Community and Segregation
Reich, Bryony - NET Institute - 2010
; a community is integrated when there is no social segregation between different identities. I find three possible …-assimilative integration, where groups integrate but individuals retain their own identity; and segregation, where groups socially segregate … and retain their own culture. I find that certain community environments encourage segregation: (i) communities with …
Persistent link: https://www.econbiz.de/10008672211
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Socially optimal coordination: Characterization and policy implications
Angeletos, George-Marios; Pavan, Alessandro - 2006
relation between the equilibrium and the socially optimal degrees of coordination. The former summarizes the private value from …
Persistent link: https://www.econbiz.de/10010282908
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Efficient use of information and social value of information
Angeletos, George-Marios; Pavan, Alessandro - 2006
This paper analyzes equlibrium and welfare for a tractable class of economies (games) with externalities, strategic complementarity or substitutability, and heterogenous information. First, we characterize the equilibrium use of information; complementarity heightens the sensitivity of...
Persistent link: https://www.econbiz.de/10010282995
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Socially Optimal Coordination: Characterization and Policy Implications
Angeletos, George-Marios; Pavan, Alessandro - Center for Mathematical Studies in Economics and … - 2006
relation between the equilibrium and the socially optimal degrees of coordination. The former summarizes the private value from …
Persistent link: https://www.econbiz.de/10008597115
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Valuable cheap talk and equilibrium selection
Jamison, Julian C. - 2012
Intuitively, we expect that players who are allowed to engage in costless communication before playing a game would be foolish to agree on an inefficient equilibrium. At the same time, however, such preplay communication has been suggested as a rationale for expecting Nash equilibrium in...
Persistent link: https://www.econbiz.de/10010343339
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Coordination failure in repeated games with almost-public monitoring
Mailath, George J.; Morris, Stephen - In: Theoretical Economics 1 (2006) 3, pp. 311-340
Some private-monitoring games, that is, games with no public histories, can have histories that are almost public. These games are the natural result of perturbing public monitoring games towards private monitoring. We explore the extent to which it is possible to coordinate continuation play in...
Persistent link: https://www.econbiz.de/10011599373