Showing 1 - 10 of 429,245
Persistent link: https://www.econbiz.de/10013163699
What happens when fiscal and/or monetary policy changes systematically? We construct a DSGE model in which agents have to estimate fiscal and monetary policy rules and assess how uncertainty surrounding the conduct of policymakers influences transition paths after policy changes. We find that...
Persistent link: https://www.econbiz.de/10011292321
Many international comparisons of education over the past 50 years have included some measure of students’ opportunity to learn (OTL) in their schooling. Results have typically confirmed the common sense notion that a student’s exposure in school to the assessed concepts, operationalized in...
Persistent link: https://www.econbiz.de/10012454313
Persistent link: https://www.econbiz.de/10010467986
-country correlation. The high levels of correlation among the OECD countries analyzed cause a significant size distortion in the testing … procedure. The effect of the correlation structure on the distribution of the panel data unit root (PDUR) test statistic is … drawn by the test: only 2 out of the 9 sectors analyzed show evidence of productivity convergence once the correlation …
Persistent link: https://www.econbiz.de/10014216255
Persistent link: https://www.econbiz.de/10013411683
What are the effects of beliefs, sentiment, and uncertainty, over the business cycle? To answer this question, we develop a behavioral New Keynesian macroeconomic model, in which we relax the assumption of rational expectations. Agents are, instead, boundedly rational: they have a...
Persistent link: https://www.econbiz.de/10012294890
Persistent link: https://www.econbiz.de/10012263269
Persistent link: https://www.econbiz.de/10011718249
Persistent link: https://www.econbiz.de/10013166205