Similar Search Results

Capital-Skill Complementarity and Rigid Relative Wages

Skaksen, Jan Rose; Sørensen, Anders - Økonomisk Institut, Copenhagen Business School - 2006

The relative demand for skills has increased considerably in many OECD countries during recent decades. This development is potentially explained by capital-skill complementarity and high growth rates of capital equipment. When production functions are characterized by capital-skill...

Persistent link: https://www.econbiz.de/10005419393

The Endogeneity of optimum currency area criteria, intraindustry trade and EMU enlargement

Fidrmuc, Jarko - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2001

This paper tests an endogeneity hypothesis of optimum currency area (OCA) criteria (Frankel and Rose, 1998) on a cross-section of OECD countries between 1990 and 1999. The findings indicate that convergence of business cycles relates to intra-industry trade, but has no direct relation between...

Persistent link: https://www.econbiz.de/10005419617

The Australian Business Cycle: A Coincident Indicator Approach

Gillitzer, Christian; Kearns, Jonathan; Richards, Anthony - Reserve Bank of Australia

Persistent link: https://www.econbiz.de/10005423382

Discussion of 'The Australian Business Cycle: A Coincident Indicator Approach'

Caton, Chris - Reserve Bank of Australia

Persistent link: https://www.econbiz.de/10005423387

The role for search frictions for output and inflation dynamics: A Bayesian assessment

Menner, Martin - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2009

output and inflation dynamics are contrasted with those of standard flexible price monetary models: a cash-in-advance and a … model misspecification. The search model can track inflation and output data better. It dominates the other models in the … ability to predict the autocorrela¬tions of inflation, the contemporaneous correlation between output growth and inflation …

Persistent link: https://www.econbiz.de/10005731302

La dinámica de los márgenes en España. Una primera aproximación con datos agregados

López-Salido, J. David; Velilla, Pilar - In: Investigaciones Economicas 26 (2002) 1, pp. 59-85

Under imperfect competition in the goods and services markets, price and marginal costs may have different dynamic behaviours. In particular, the dynamic behaviour of markups will depend on current and expected values of future demand. This paper obtains a new series of aggregate (and average)...

Persistent link: https://www.econbiz.de/10005736108

External Impacts on the Property-Liability Insurance Cycle

Grace, M. F.; Hotchkiss, J. L. - Risk and Insurance Archive - 1993

general economy as measured by real gross domestic product, the short-term interest rate, and inflation. We then estimate the …

Persistent link: https://www.econbiz.de/10005743029

Economic Activity and the Stock Market: The Asymmetric Impact of Fundamental and Non-Fundamental News

Henry, Ólan; Olekalns, Nilss; Shields, Kalvinder - Department of Economics, Faculty of Business and Economics - 2008

In this paper, we present a general model of the joint data generating process underlying economic activity and stock market returns allowing for complex nonlinear feedbacks and interdependencies between the conditional means and conditional volatilities of the variables. We propose statistics...

Persistent link: https://www.econbiz.de/10005750812

Protection and the Business Cycle

Bagwell, Kyle; Staiger, Robert - In: Advances in Economic Analysis & Policy 3 (2003) 1, pp. 1139-1139

Empirical studies have repeatedly documented the countercyclical nature of trade barriers. In this paper, we propose a simple theoretical framework that is consistent with this and other empirical regularities in the relationship between protection and the business cycle. Focusing on...

Persistent link: https://www.econbiz.de/10005751075

Nonlinearities and Inactivity in Aggregate Investment: Some Theoretical Analysis and Time-Series Evidence

Corrado, Luisa; Holly, Sean; Turner, Paul - In: Studies in Nonlinear Dynamics & Econometrics 5 (2002) 4, pp. 1082-1082

The theoretical analysis of investment under uncertainty has been revolutionized over the last decade by the importation of ideas from finance. If investment is irreversible, there is a return to waiting. So although circumstances may suggest that it is profitable to invest, there may also be an...

Persistent link: https://www.econbiz.de/10005751380