Showing 1 - 10 of 70,249
this sort are not robust (i.e., "additive") in the sense that they are not usually preserved through aggregation of …
Persistent link: https://www.econbiz.de/10005093932
This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them …
Persistent link: https://www.econbiz.de/10009647230
frequency and real-time data. I present a collection of 37 different measures of inflation expectations, including many … previously unexploited monthly and real-time measures of inflation expectations. These higher frequency measures tend to … outperform the standard three low frequency survey measures in tests of accuracy, predictive power, and rationality, indicating …
Persistent link: https://www.econbiz.de/10009647457
We show how frictions and continuous transfers jointly affect equilibria in a model of matching in trading networks. Our model incorporates distortionary frictions such as transaction taxes, bargaining costs, and incomplete markets. When contracts are fully substitutable for firms, competitive...
Persistent link: https://www.econbiz.de/10012290311
The study is aimed to investigate the convergence to equilibrium of trajectories generated by contractual processes. “Contractual process” is a view on economy’s self-regulation, describing any state of exchange economy as a set of barter contracts among agents/coalitions. It is assumed...
Persistent link: https://www.econbiz.de/10005519002
We consider a general equilibrium model of a private ownership economy with consumption and production externalities. Utility functions and production technologies may be affected by the consumption and production activities of all other agents in the economy. We use differential techniques to...
Persistent link: https://www.econbiz.de/10011268204
We analyze a Ramsey economy when net investment is constrained to be non negative. We prove existence of a competitive equilibrium when utility need not be bounded from below and the Inada-type conditions need not hold. The analysis is carried out by means of a direct and technically standard...
Persistent link: https://www.econbiz.de/10004985080
We prove existence of a competitive equilibrium in a version of a Ramsey (one sector) model in which agents are heterogeneous and gross investment is constrained to be non negative. We do so by converting the infinite-dimensional fixed point problem stated in terms of prices and commodities into...
Persistent link: https://www.econbiz.de/10004985198
We analyze a Ramsey economy when net investment is constrained to be non negative. We prove existence of a competitive equilibrium when utility need not be bounded from below and the Inada-type conditions need not hold. The analysis is carried out by means of a direct and technically standard...
Persistent link: https://www.econbiz.de/10005008465
Persistent link: https://www.econbiz.de/10005753350