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Congestion in onboarding workers and sticky R&D

Bloesch, Justin; Weber, Jacob P. - 2023

R&D investment spending exhibits a delayed and hump-shaped response to shocks. We show in a simple partial equilibrium model that rapidly adjusting R&D investment is costly if the probability of converting new hires into productive R&D workers ("onboarding") is decreasing in the number of new...

Persistent link: https://www.econbiz.de/10014480663

Congestion in Onboarding Workers and Sticky R&D

Bloesch, Justin; Weber, Jacob P. - 2023

R&D investment spending exhibits a delayed and hump-shaped response to shocks. We show in a simple partial equilibrium model that rapidly adjusting R&D investment is costly if the probability of converting new hires into productive R&D workers (“onboarding”) is decreasing in the number of...

Persistent link: https://www.econbiz.de/10014350298

Sticky-wage models and knowledge capital

Huang, Kevin X. D.; Katayama, Munechika; Shintanin, … - 2019

We present a sticky-wage model with two types of labors: while worker's labor contributes to current production, researcherís work helps develop new ideas to add to firm's knowledge capital that enhances its productivity for many periods. The long-lived effect of knowledge capital on...

Persistent link: https://www.econbiz.de/10012024683

Intellectual capital and economic growth : evidence from some selected countries

Gashe, Kalalto; Sime, Zerayehu; Mada, Melkamu - In: Cogent economics & finance 12 (2024) 1, pp. 1-18

. Defining intellectual capital as an integral of all the various intangibles, it argued to resolve the conceptual complexities … contribution of national intellectual capital to economic growth. Hence, policymakers must enhance innovation in all spaces and … in conceptions and modeling intangibles, offers unprecedented significance for academics and policy issues. The concept …

Persistent link: https://www.econbiz.de/10015386489

A Monetary Model of Factor Utilisation

Neiss, Katharine S.; Pappa, Evi - 2005

The propagation mechanism of monetary shocks in an otherwise standard sticky-price model is examined, modified to incorporate factor hoarding in the form of variable capital utilisation rates and labour effort. In contrast to previous studies, it is found that real effects of monetary shocks can...

Persistent link: https://www.econbiz.de/10014115068

Factor specificity and real rigidities

Carvalho, Carlos Viana de; Nechio, Fernando - 2016

We develop a multisector model in which capital and labor are free to move across firms within each sector, but cannot move across sectors. To isolate the role of sectoral specificity, we compare our model with otherwise identical multisector economies with either economy-wide or firm-specific...

Persistent link: https://www.econbiz.de/10010499509

Firm-Specific Investment, Sticky Prices, and the Taylor Principle

Sveen, Tommy; Weinke, Lutz - 2010

According to the Taylor principle a central bank should adjust the nominal interest rate by more than one-for-one in response to changes in current inflation. Most of the existing literature supports the view that by following this simple recommendation a central bank can avoid being a source of...

Persistent link: https://www.econbiz.de/10014061340

Time-to-Build Approach in a Sticky Price, Sticky Wage Optimizing Monetary Model

Casares, Miguel - 2021

One of the most significant characteristics of optimizing models is that the behavioral equations involved are typically forward looking, i.e., agents are concerned about the future rather than the past. This creates difficulties when modelling some of the business-cycle patterns widely observed...

Persistent link: https://www.econbiz.de/10013320235

Factor Specificity and Real Rigidities

Carvalho, Carlos Viana de - 2016

Persistent link: https://www.econbiz.de/10013005953

Labor skill and accounting conservatism

Chen, Jeff Zeyun; Jang, Youngki; Jung, Boochun; Noh, … - In: Journal of accounting and public policy 43 (2024), pp. 1-22

Persistent link: https://www.econbiz.de/10015056790