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Endogenous Liquidity and Capital Reallocation
Cui, Wei; Wright,, Randall; Zhu, Yu - 2021
We study economies where firms acquire capital in primary markets, then, after information on idiosyncratic productivity arrives, retrade it in secondary markets. Our secondary markets incorporate bilateral trade with search, bargaining and liquidity frictions. We distinguish between full or...
Persistent link: https://www.econbiz.de/10013219944
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Aggregate consequences of credit subsidy policies : firm dynamics and misallocation
Jo, Hwan; Senga, Tatsuro - 2017
Government policies that attempt to alleviate credit constraints faced by small and young firms are widely adopted across countries. We study the aggregate impact of such targeted credit subsidies in a heterogeneous firm model with collateral constraints and endogenous entry and exit. A defining...
Persistent link: https://www.econbiz.de/10011756140
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Capital misallocation and secular stagnation
Caggese, Andrea; Pérez, Ander - 2017 - This version: January 17, 2017
The widespread emergence of intangible technologies in recent decades may have significantly hurt output growth -- even when these technologies replaced considerably less productive tangible technologies -- because of structurally low interest rates caused by demographic forces. This insight is...
Persistent link: https://www.econbiz.de/10011708126
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Solving the discrete-time stochastic Ramsey model
Elbers, Chris - 2009
This note describes methods for solving deterministic and stochastic versions of the discrete-time Ramsey model of economic growth. We derive an iterative procedure for solving the Euler equation and apply it to an example adapted from Pan (2007).
Persistent link: https://www.econbiz.de/10011377604
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Solving the Discrete-Time Stochastic Ramsey Model
Elbers, Chris - 2009
This note describes methods for solving deterministic and stochastic versions of the discrete-time Ramsey model of economic growth. We derive an iterative procedure for solving the Euler equation and apply it to an example adapted from Pan (2007)
Persistent link: https://www.econbiz.de/10012718935
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Finding Numerical Results to Large Scale Economic Models Using Path-Following Algorithms : A Vintage Capital Example
Berger, Brett D. - 2003
This paper describes the numerical optimization methods used in Berger (2001) to find the complete time paths of key economic variables in neoclassical vintage capital models. An interior and a non-interior point method are discussed. Both of the methods are part of the general class of...
Persistent link: https://www.econbiz.de/10014114241
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Solving The Discrete-Time Stochastic Ramsey Model
Elbers, Chris - 2009
This note describes methods for solving deterministic and stochastic versions of the discrete-time Ramsey model of economic growth. We derive an iterative procedure for solving the Euler equation and apply it to an example adapted from Pan (2007).
Persistent link: https://www.econbiz.de/10010325968
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A Multi-Stage Stochastic Programming Approach to Epidemic Resource Allocation with Equity Considerations
Yin, Xuecheng; Buyuktahtakin, I. Esra - 2021
Existing compartmental models in epidemiology are limited in terms of optimizing the resource allocation to control an …-stage stochastic programming compartmental model, which integrates the uncertain disease progression and resource allocation to control … determine the optimal and fair resource-allocation strategies. Our model balances the proportion of infections over all regions …
Persistent link: https://www.econbiz.de/10013243871
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Optimality Criteria of Economic Growth as Examples of Optimal Resource Allocation Over Time
El-Hodiri, Mohamed Ali - 2015
cited and used in other researchers work so I now make it available. The problem of optimal resource allocation over time is …
Persistent link: https://www.econbiz.de/10013030147
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The Politico-Economic Dynamics of China’s Growth
Wang, Yikai - 2020
China's rapid growth has been driven by policy reforms that significantly reduce market frictions. Policy reforms are determined by the government according to its own politico-economic considerations. This paper embeds these politico-economic considerations in a macro model of China to...
Persistent link: https://www.econbiz.de/10012837245