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The macroeconomic effects of a carbon tax to meet the U.S. Paris Agreement target: the role of firm creation and technology adoption

Finkelstein Shapiro, Alan; Metcalf, Gilbert E. - 2021

externalities and equilibrium unemployment. Our model incorporates endogenous labor force participation and two margins of … consumption and output; a marginal increase in the unemployment and labor force participation rates; and an expansion in the … accompanied by gradual gains in output and consumption and a negligible expansion in unemployment. Critically, abstracting from …

Persistent link: https://www.econbiz.de/10012519987

Labor market and macroeconomic dynamics in Latin America amid COVID : the role of digital adoption policies

Finkelstein Shapiro, Alan; Nuguer, Victoria - 2022

, greater average firm productivity, a larger formal employment share, and a marginally lower unemployment rate. …

Persistent link: https://www.econbiz.de/10014496287

Macroprudential policy and labor market dynamics in Latin America

Finkelstein Shapiro, Alan; González Gomez, Andrés - 2015

volatility, but generates substantially higher unemployment fluctuations in response to productivity shocks. Moreover, the policy … unemployment dynamics. The findings point to potential gains from policy complementarities between macroprudential regulation and …

Persistent link: https://www.econbiz.de/10011290968

Remittances, entrepreneurship, and employment dynamics over the business cycle

Finkelstein Shapiro, Alan; Mandelman, Federico S. - 2014

We incorporate remittances and microentrepreneurship (self-employment) into a small openeconomy business cycle model with capital and labor market frictions. Countercyclical remittances moderate the decline of households' consumption during recessions. These remittances also are used to finance...

Persistent link: https://www.econbiz.de/10010434064

Fintech entry, firm financial inclusion, and macroeconomic dynamics in emerging economies

Finkelstein Shapiro, Alan; Mandelman, Federico S.; … - 2022

We build a model with a traditional banking system, endogenous entry of firms and fintech intermediaries, and firm heterogeneity in credit access and usage to study the credit-market, macroeconomic, and business cycle implications of the recent sizable growth in the number of fintech...

Persistent link: https://www.econbiz.de/10012813438

Fintech entry, firm financial inclusion, and macroeconomic dynamics in emerging economies

Finkelstein Shapiro, Alan; Mandelman, Federico S.; … - 2022

Financial inclusion is strikingly low in emerging economies. In only a few years, financial technologies (fintech) have led to a dramatic expansion in the number of non-traditional credit intermediaries, but the macroeconomic and credit-market implications of this rapid growth of fintech are not...

Persistent link: https://www.econbiz.de/10014516215

The macroeconomic effects of a carbon tax to meet the U.S. Paris Agreement target : the role of firm creation and technology adoption

Finkelstein Shapiro, Alan; Metcalf, Gilbert E. - 2022

Persistent link: https://www.econbiz.de/10013387436