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Agency business cycles

Golosov, Michail Ju.; Menzio, Guido - 2015

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Inequality, business cycles, and monetary-fiscal policy

Bhandari, Anmol; Evans, David; Golosov, Michail Ju.; … - 2018

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Fiscal policy and debt management with incomplete markets

Bhandari, Anmol; Evans, David; Golosov, Michail Ju.; … - In: The quarterly journal of economics 132 (2017) 2, pp. 617-663

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Social insurance, information revelation, and lack of commitment

Golosov, Michail Ju.; Iovino, Luigi - 2014

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Social insurance, information revelation, and lack of commitment

Golosov, Michail Ju.; Iovino, Luigi - 2019

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Agency business cycles

Golosov, Michail Ju.; Menzio, Guido - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 1, pp. 123-158

We develop a theory of endogenous and stochastic fluctuations in economic activity. Individual firms choose to randomize over firing or keeping workers who performed poorly in the past to give them an ex-ante incentive to exert effort. Different firms choose to correlate the outcome of their...

Persistent link: https://www.econbiz.de/10012159036