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Do trade and financial linkages foster business cycle synchronization in a small economy?
García Herrero, Alicia; Ruiz Pérez, Juan Manuel - 2008
We estimate a system of equations to analyze whether bilateral trade and financial linkages influence business cycle synchronization directly and/or indirectly. Our paper builds upon the existing literature by using bilateral trade and financial flows for a small, open economy (Spain) as...
Persistent link: https://www.econbiz.de/10012529961
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ESSAYS ON THE MACROECONOMICS OF LABOR MARKETS
Stetsenko, Sergiy - 2010
equilibrium theory of unemployment. The proposed quantitative model with ex-ante worker skill heterogeneity and two technology …
Persistent link: https://www.econbiz.de/10009438698
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Why Casinos are not Recession Proof: An Business Cycle Econometric Case Study of the Las Vegas Region
Legg, Mark P; Tang, Hugo - 2011
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
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Essays on Technology, Fiscal Policy, and the Business Cycle.
Watanabe, Shingo - 2009
technology in 1929-1941 was highest in U.S. history.In the third chapter, I revisit pre-World War I U.K. Wartime Economy. Wartime …
Persistent link: https://www.econbiz.de/10009476545
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Two Essays in Business Cycle Theory
Ahmad, Nazneen - 2005
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
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La evolución cíclica de la economía española en el contexto europeo
Álvarez González, Luis Julián; Gadea Rivas, María … - 2021
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
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Cyclical patterns of the Spanish economy in Europe
Álvarez González, Luis Julián; Gadea Rivas, María … - 2021
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
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The fall of the labour income share in advanced economies
Estrada García, Angel; Valdeolivas Casillas, Eva - 2012
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
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Hazardous times for monetary policy : what do twenty-three million bank loans say about the effects of monetary policy on credit risk-taking?
Jiménez Zambrano, Gabriel; Saurina Salas, Jesús - 2008
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
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Wage, inflation and employment dynamics with labour market matching
Christoffel, Kai; Costain, James S. - 2009
In a search and matching environment, this paper assesses a range of modeling setups against macro evidence for the monetary transmission mechanism in the euro area. In particular, we assess right-to-manage vs. efficient bargaining, flexible vs. sticky wages, interactions at the firm level...
Persistent link: https://www.econbiz.de/10012530261