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I outline a simple roadmap for work in micro-founded models. Rather than abandoning the route to further micro-foundations and returning to ad hoc economics, the techniques we have used over the past two decades to develop micro-founded business cycle models will allow us to develop models with...
Persistent link: https://www.econbiz.de/10010277841
-9 crisis. Combining product-level data on AD cases with detailed import data, we fail to find clear signs of a major trade … policy change since the outbreak of the crisis. Our findings suggest that the EU largely remained on its pre-crisis path of …, remaining at a relatively high level also during the crisis.The patterns we reveal do not appear to be driven by a few outlying …
Persistent link: https://www.econbiz.de/10010313405
Persistent link: https://www.econbiz.de/10012254296
-9 crisis. Combining product-level data on AD cases with detailed import data, we fail to find clear signs of a major trade … policy change since the outbreak of the crisis. Our findings suggest that the EU largely remained on its pre-crisis path of …, remaining at a relatively high level also during the crisis.The patterns we reveal do not appear to be driven by a few outlying …
Persistent link: https://www.econbiz.de/10009350478
Persistent link: https://www.econbiz.de/10014546314
Building on the framework put forward by Delli Gatti et al. 2011, in this paper we present and discuss a Macroeconomic Agent-Based Model with Capital and Credit (hereafter CC-MABM). The novelty of this model with respect to the previous framework consists in the introduction of capital goods...
Persistent link: https://www.econbiz.de/10010347040
This paper is aimed at investigating the effects of government intervention through unemployment benefits on macroeconomic dynamics in an agent based decentralized matching framework. The major result is that the presence of such a public intervention in the economy stabilizes the aggregate...
Persistent link: https://www.econbiz.de/10010210551
international response to the 2007–2008 financial crisis. Particularly, the liquidity coverage ratio (LCR) introduced by the Basel …
Persistent link: https://www.econbiz.de/10011587669
Persistent link: https://www.econbiz.de/10009388791
Persistent link: https://www.econbiz.de/10011898679