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information through these quality signals and consumer choices. In this paper, we explore 1) whether the credibility of an … representative sample of 460 US consumers and analyzed through structural equation modeling. The results show that credibility …
Persistent link: https://www.econbiz.de/10009444571
equilibrium theory of unemployment. The proposed quantitative model with ex-ante worker skill heterogeneity and two technology …
Persistent link: https://www.econbiz.de/10009438698
The gaming industry has long been considered recession proof. However, as the gaming industry has expanded it has increased its exposure to the lodging and convention industries. This is evidenced by the fact that the gaming industry is struggling alongside these industries. This study uses the...
Persistent link: https://www.econbiz.de/10009468184
This dissertation empirically investigates macroeconomic fluctuations.In the first chapter, I study nontechnology shocks. It is popular to identify technology shocks as shocks permanently affecting labor productivity in SVAR. However it potentially misidentifies nontechnology shocks permanently...
Persistent link: https://www.econbiz.de/10009476545
negligible. The second essay follows up on this argument by incorporating prospect theory into the formulation of individual … preferences. Prospect theory proposes that agents care about changes in their wealth level rather than the level of their final … prospect theory, therefore, the agents take fluctuations in the asset returns seriously. Results from empirical tests find that …
Persistent link: https://www.econbiz.de/10009451066
Past studies have tested the claim that blacks are the last hired during periods of economic growth and the first fired in recessions by examining the movement of relative unemployment rates over the business cycle. Any conclusion drawn from this type of analysis must be viewed as tentative...
Persistent link: https://www.econbiz.de/10009430029
El objetivo principal de este trabajo es, por un lado, proporcionar un conjunto de hechos estilizados sobre las regularidades de los patrones cíclicos en España en relación con los de los principales países europeos y, por otro, analizar la sincronización de la evolución de las principales...
Persistent link: https://www.econbiz.de/10012525491
El objetivo principal de este trabajo es, por un lado, proporcionar un conjunto de hechos estilizados sobre las regularidades de los patrones cíclicos en España en relación con los de los principales países europeos y, por otro, analizar la sincronización de la evolución de las principales...
Persistent link: https://www.econbiz.de/10012525496
The labour income share is a key determinant of relevant macroeconomic variables, such as competitiveness, inflation, human capital accumulation, demand and income distribution. Simple economic models predict that the labour income share will fluctuate around a long-run value, thus implying a...
Persistent link: https://www.econbiz.de/10012529580
We identify the impact of short-term interest rates on credit risk-taking by analyzing a comprehensive credit register from Spain, a country where for the last twenty years monetary policy was mostly decided abroad. Discrete choice, within borrower comparison and duration analyses show that...
Persistent link: https://www.econbiz.de/10012530228