Showing 71 - 80 of 1,099
Persistent link: https://www.econbiz.de/10005512291
This paper seeks to quantify the contribution of agglomeration economies to the spatial concentration of U.S. employment. A spatial macroeconomic model with heterogeneous localities and agglomeration economies is developed and calibrated to U.S. data on the spatial distribution of employment....
Persistent link: https://www.econbiz.de/10005512292
Persistent link: https://www.econbiz.de/10005512293
Using an equilibrium business cycle model, the authors search for aggregate nonlinearities arising from the introduction of nonconvex capital adjustment costs. The authors find that while such adjustment costs lead to nontrivial nonlinearities in aggregate investment demand, equilibrium...
Persistent link: https://www.econbiz.de/10005512294
Persistent link: https://www.econbiz.de/10005512295
Persistent link: https://www.econbiz.de/10005512297
Persistent link: https://www.econbiz.de/10005512298
This paper analyzes the accuracy of the principal models used by U.S. insurance regulators to predict insolvencies in the property-liability insurance industry and compares these models with a relatively new solvency testing approach--cash flow simulation. Specifically, we compare the risk-based...
Persistent link: https://www.econbiz.de/10005512299
This paper analyzes the evolution of the Philadelphia Stock Exchange (PHLX), America's oldest stock exchange, from 1964 through 2002. The paper seeks to explain how the PHLX managed to attract a sufficient volume of trading orders to support its members and cover its operating costs during this...
Persistent link: https://www.econbiz.de/10005512300
What impact does immigration have on neighborhood dynamics? Within metropolitan areas, the authors find that housing values have grown relatively more slowly in neighborhoods of immigrant settlement. They propose three nonexclusive explanations: changes in housing quality, reverse causality, or...
Persistent link: https://www.econbiz.de/10005512301