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Pandemic-era inflation drivers and global spillovers

Di Giovanni, Julian; Kalemli-Ozcan, Sebnem; Silva, Álvaro - 2023

We estimate a multi-country, multi-sector New Keynesian model to quantify the drivers of domestic inflation during 2020 …-23 in several countries, including the United States. The model matches observed inflation together with sector-level prices … and wages. We further measure the relative importance of different types of shocks on inflation across countries over time …

Persistent link: https://www.econbiz.de/10014440764

Capital Mobility and the Output-Inflation Trade-Off

Loungani, Prakash; Razin, Assaf; Yuen, Chi-Wa - 1997

Our paper analyzes the effects of restrictions on capital mobility on the output-inflation trade-off. Using a … capital mobility should make the trade-off parameter smaller; that is, a given change in the inflation rate should be … output-inflation trade-off parameter are obtained from studies by Lucas (1973), Ball, Mankiw and Romer (1988) and others …

Persistent link: https://www.econbiz.de/10014060826

On the Neutrality of Financial Repression

Ebrahimian, Mehran - 2020

In this paper, we theoretically analyze the capital misallocation effect of financial repression---namely, a regulation to provide cheap loans to (public) firms, in less-developed economies. Limited contract enforcement and asymmetric information between lenders and borrowers are the features of...

Persistent link: https://www.econbiz.de/10012854513

Top-Down Versus Bottom-Up Approaches for Climate Change Negotiations : An Analysis

Leal-Arcas, Rafael - 2012

world’s countries and that is strong enough to tackle climate change effectively and is equitable enough to gain the …

Persistent link: https://www.econbiz.de/10014176156

Prospects of Tools from Differential Games in the Study of Macroeconomics of Climate Change

Engwerda, Jacob C. - 2012

makers interacting in a dynamic world with large uncertainties. Problems of this type have been studied extensively by …

Persistent link: https://www.econbiz.de/10014168816

Mali - land, climate, energy, agriculture and development : a study in the Sudano-Sahel Initiative for regional development, jobs, and food security

Coulibaly, Ousmane - 2021

Mali is a Sub-Saharan African country with 19.1 million people. Almost half of this population lives in poverty, due to the dysfunction of activity sectors (agriculture, energy, education, employment, services, etc.). Natural resource management especially land and water together with...

Persistent link: https://www.econbiz.de/10012421112

Accounting and the Financial Accelerator

Bertomeu, Jeremy - 2020

We extend the general equilibrium economy of Holmstrom and Tirole (1997) to optimal reporting of productive assets and examine when the accounting process can contribute to financial acceleration. Given a small change in aggregate capital stock, the economy may respond with large readjustments...

Persistent link: https://www.econbiz.de/10012854812

Limits of Arbitrage : The State of the Theory

Gromb, Denis - 2010

We survey theoretical developments in the literature on the limits of arbitrage. This literature investigates how costs faced by arbitrageurs can prevent them from eliminating mispricings and providing liquidity to other investors. Research in this area is currently evolving into a broader...

Persistent link: https://www.econbiz.de/10013147062

Integrated Economic and Climate Modeling

Nordhaus, William D. - 2011

This survey examines the history and current practice in integrated assessment models (IAMs) of the economics of climate change. It begins with a review of the emerging problem of climate change. The next section provides a brief sketch of the rise of IAMs in the 1970s and beyond. The subsequent...

Persistent link: https://www.econbiz.de/10013117600

Evolution of Modeling of the Economics of Global Warming : Changes in the Dice Model, 1992-2017

Nordhaus, William D. - 2017

has been the case up to now, especially careful studies of long-run economic growth (to 2100 and beyond) …

Persistent link: https://www.econbiz.de/10012961315