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News and Noise in the Housing Market
Gazzani, Andrea Giovanni - 2016
prices related (news) and not related (noise) to future fundamentals. I provide empirical evidence of the sizable … macroeconomic effects of news and noise shocks. Following Forni et al. (2014, 2016), I identify news and noise shocks through a non … frequencies, but in the short-medium horizon noise shocks explain a large share of the variability in housing prices, residential …
Persistent link: https://www.econbiz.de/10012986653
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Interest Rate Fluctuations and Equilibrium in the Housing Market
Arslan, Yavuz - 2008
We study the general equilibrium of the housing market in an economy populated by overlapping generations of households. A contribution of the present paper is to solve for the housing market equilibrium in the presence of aggregate (interest rate) uncertainty with a realistic mortgage contract....
Persistent link: https://www.econbiz.de/10014049379
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Supply Side Keynesianism
Obregon, Carlos - 2022
The argument made in this manuscript is that the two traditional macroeconomic tools, fiscal policy and monetary policy, are insufficient to bring back efficiently into equilibrium an economy that has had a major crisis. Both traditional macro-tools only work through the demand side, and there...
Persistent link: https://www.econbiz.de/10015214329
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Разработка модели макроэкономического равновесия с использованием метода системной динамики
Skribans, Valerijs - 2010
Development of an economic situation last 20 years has passed in Latvia through various stages. Including - Post-Soviet re-structuring of demand and closing of industrial giants; development of the economy based on transit; development of craft manufacture, small enterprises and branch of...
Persistent link: https://www.econbiz.de/10015221569
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Makroekonomiskā aprites modeļa izstrādāšana izmantojot sistēmdinamikas metodi
Skribans, Valerijs - 2011
Development of an economic situation last 20 years has passed in Latvia through various stages. Including - Post-Soviet re-structuring of demand and closing of industrial giants; development of the economy based on transit; development of craft manufacture, small enterprises and branch of...
Persistent link: https://www.econbiz.de/10015229061
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Milton Friedman's contributions to macroeconomics and teir Influence
Laidler, David - 2012
Milton Friedman's contributions to and influence on macroeconomics are discussed, beginning with his work on the consumption function and the demand for money, not to mention monetary history, which helped to undermine the post World War 2 Keynesian consensus in the area. His inter-related...
Persistent link: https://www.econbiz.de/10010291906
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A comment on: 'Efficient propagation of shocks and the optimal return on money'
Huang, Pidong; Igarashi, Yoske - 2011
Lotteries are introduced into Cavalcanti and Erosa (2008) [2], a version of Trejos and Wright (1995) [4] with aggregate shocks. Lotteries improve welfare and eliminate the two notable features of the optimum with deterministic trades: over-production and history-dependence. Moreover, the optimum...
Persistent link: https://www.econbiz.de/10015239542
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Digital waves in economics
Ledenyov, Dimitri O.; Ledenyov, Viktor O. - 2015
The recent discovery of the Ledenyov digital waves in the economies of scale and scope led to an origination of considerable scientific interest in the modeling of new types of the discrete-time digital signals generators for the business cycles generation in the macroeconomics. Article aims: 1)...
Persistent link: https://www.econbiz.de/10015247824
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Digital waves in economics
Ledenyov, Dimitri O.; Ledenyov, Viktor O. - 2015
The recent discovery of the Ledenyov digital waves in the economies of scale and scope led to an origination of considerable scientific interest in the modeling of new types of the discrete-time digital signals generators for the business cycles generation in the macroeconomics. Article aims: 1)...
Persistent link: https://www.econbiz.de/10015247928
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General information product theory in economics science
Ledenyov, Dimitri O.; Ledenyov, Viktor O. - 2015
The information, including the knowledge in the science, business and society, is being generated, transmitted, received and analyzed by the humans in the various countries over the centuries. The information is a most valuable asset in possession by the economic agents in the modern economies...
Persistent link: https://www.econbiz.de/10015247929