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A theory of migration as a response to occupational stigma

Stark, Oded; Fan, Chengze Simon - 2010

Persistent link: https://www.econbiz.de/10003931182

Evaluation of the impacts of trade restrictions between China and Japan

Takeda, Shiro - 2024

Persistent link: https://www.econbiz.de/10015076886

A General Equilibrium Model of Sovereign Default and Business Cycles

Yue, Vivian Z. - 2011

Emerging markets business cycle models treat default risk as part of an exogenous interest rate on working capital, while sovereign default models treat income fluctuations as an exogenous endowment process with ad-noc default costs. We propose instead a general equilibrium model of both...

Persistent link: https://www.econbiz.de/10014399114

The Dynamic Implications of Debt Relief for Low-Income Countries

Bulir, Ales - 2011

The effects of debt relief on incentives to accumulate debt, consume, and invest are an important concern for donors and recipients. Using a dynamic stochastic general equilibrium model of a small open economy with a minimum consumption requirement and an endogenous relief probability, we show...

Persistent link: https://www.econbiz.de/10014399176

Hybrid Inflation Targeting Regimes

Garcia, Carlos - 2009

This paper uses a DSGE model to examine whether including the exchange rate explicitly in the central bank''s policy reaction function can improve macroeconomic performance. It is found that including an element of exchange rate smoothing in the policy reaction function is helpful both for...

Persistent link: https://www.econbiz.de/10014402265

Search in the Labor Market Under Imperfectly Insurable Income Risk

Roca, Mauro - 2009

This paper develops a general equilibrium model with unemployment and noncooperative wage determination to analyze the importance of incomplete markets when risk-averse agents are subject to idiosyncratic employment shocks. A version of the model calibrated to the U.S. shows that market...

Persistent link: https://www.econbiz.de/10014402274

Commodity Price Shocks and Imperfectly Credible Macroeconomic Policies in Commodity-Exporting Small Open Economies

Medina Guzman, Juan Pablo - 2014

effectiveness of macroeconomic policies to isolate the economy from commodity price fluctuations. We develop a general equilibrium … output, aggregate demand, and inflation to an increase in commodity price are magnified when these rules are imperfectly …-country evidence that monetary policy transparency and fiscal credibility reduce the incidence of export price volatility on output …

Persistent link: https://www.econbiz.de/10014411151

Hysteresis in Unemployment and Jobless Recoveries

Plotnikov, Dmitry - 2014

This paper develops and estimates a general equilibrium rational expectations model with search and multiple equilibria where aggregate shocks have a permanent effect on the unemployment rate. If agents' wealth decreases, the unemployment rate increases for a potentially indefinite period. This...

Persistent link: https://www.econbiz.de/10014411218

Labor Tax Cuts and Employment : A General Equilibrium Approach for France

Espinoza, Raphael A. - 2014

The paper presents a simple supply side, general equilibrium model to estimate the macroeconomic effects of labor tax cuts. The model assumes that output is produced using capital, unskilled and skilled workers, and public servants. Wage formation for skilled workers features a...

Persistent link: https://www.econbiz.de/10014411353

Financial Inclusion, Growth and Inequality : A Model Application to Colombia

Karpowicz, Izabela - 2014

Financial inclusion has been one of the key pillars of Colombia’s development strategy for a number of years. Financial inclusion policies have aimed at channeling microcredit to poor, spreading formal banking system usage, fostering electronic payment acceptance, and making financial services...

Persistent link: https://www.econbiz.de/10014411523