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In this paper, we explore a dynamical version of by Aoki and Yoshikawa model (AYM) for an economy driven by demand. We show that when an appropriate Markovian dynamics is taken into account, AYM has different equilibrium distributions depending on the form of transition probabilities. In the...
Persistent link: https://www.econbiz.de/10010298574
Water is a key input in the production of many goods and services and under certain conditions can become a critical limiting factor with significant impacts on regional development. This is the case of many agricultural European Mediterranean basins, where water deficit during drought events is...
Persistent link: https://www.econbiz.de/10010398396
Persistent link: https://www.econbiz.de/10010424188
Water is a key input in the production of many goods and services and under certain conditions can become a critical limiting factor with significant impacts on regional development. This is the case of many agricultural European Mediterranean basins, where water deficit during drought events is...
Persistent link: https://www.econbiz.de/10010373740
of weeks separating the two doses. Because of uncertainty in vaccine supply, many vaccination managers have saved doses … performance of policies to manage the administration of two-dose vaccines given supply uncertainty. The mathematical structure of …-aside policies are nearly optimal given uncertainty in supply. We also find that a "lockbox'' policy that ensures no second doses …
Persistent link: https://www.econbiz.de/10012585931
Persistent link: https://www.econbiz.de/10011539085
surge in the stock market would be self-correcting. Recent papers have discussed the role of "uncertainty" and its … measurement in influencing economic decisions. They attempt to measure uncertainty by indexes of volatility of the stock market …, GDP, forecaster disagreement, mentions of uncertainty in news media, and the dispersion of productivity shocks to firms …
Persistent link: https://www.econbiz.de/10011543578
emerging economies. This paper argues that uncertainty about future monetary policy is a separate transmission channel. We … focus on the taper tantrum episode in 2013, a period with an elevated uncertainty about monetary policy, and use a data set … index about monetary policy uncertainty using a list of uncertainty keywords. An advantage of this index is that it reflects …
Persistent link: https://www.econbiz.de/10011546623
Persistent link: https://www.econbiz.de/10011547577
impact of uncertainty and real options on the decision of working time, i.e. we examines the determinants of employment and …
Persistent link: https://www.econbiz.de/10011409991