Showing 1 - 10 of 135
Persistent link: https://www.econbiz.de/10010353315
Persistent link: https://www.econbiz.de/10010346669
Persistent link: https://www.econbiz.de/10012036101
We develop a quantitative theory of endogenous uncertainty and business cycles. In the model, higher uncertainty about fundamentals discourages investment but agents can learn from the actions of others. Therefore, in times of low activity information flows slowly and uncertainty stays high,...
Persistent link: https://www.econbiz.de/10011081640
We develop a theory of endogenous uncertainty and business cycles in which short-lived shocks can generate long-lasting recessions. In the model, higher uncertainty about fundamentals discourages investment. Since agents learn from the actions of others, information flows slowly in times of low...
Persistent link: https://www.econbiz.de/10010752360
We develop a theory of endogenous uncertainty and business cycles in which short-lived shocks can generate long-lasting recessions. In the model, higher uncertainty about fundamentals discourages investment. Since agents learn from the actions of others, information flows slowly in times of low...
Persistent link: https://www.econbiz.de/10012458691
Persistent link: https://www.econbiz.de/10011627915
We study optimal dynamic lockdowns against Covid-19 within a commuting network. Our framework integrates canonical spatial epidemiology and trade models, and is applied to cities with varying initial viral spread: Seoul, Daegu and NYC-Metro. Spatial lockdowns achieve substantially smaller income...
Persistent link: https://www.econbiz.de/10012829786
Persistent link: https://www.econbiz.de/10012315795
Persistent link: https://www.econbiz.de/10012233183