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The Evolution of Endogenous Business Cycles

Farmer, Roger E A - C.E.P.R. Discussion Papers - 2012

This paper distinguishes between two kinds of Endogenous Business Cycle models, and discusses the evolution from first generation EBC1 models to second generation EBC2 models. I argue that EBC1 models, which display dynamic indeterminacy, are part of the evolution of modern macroeconomics that...

Persistent link: https://www.econbiz.de/10011084345

Liquidity Traps: How to Avoid Them and How to Escape Them

Buiter, Willem H.; Panigirtzoglou, Nikolaos - C.E.P.R. Discussion Papers - 1999

The paper considers ways of avoiding a liquidity trap and ways of getting out of one. Unless lower short nominal interest rates are associated with significantly lower interest volatility, a lower average rate of inflation, which will be associated with lower expected nominal interest rates,...

Persistent link: https://www.econbiz.de/10005136693

Liquidity When It Matters Most: QE and Tobin’s q

Driffill, John; Miller, Marcus - C.E.P.R. Discussion Papers - 2011

How and why do financial conditions matter for real outcomes? The ‘workhorse model of money and liquidity’ of Kiyotaki and Moore (2008) shows how--with full employment maintained by flexible prices--shifting credit constraints can affect investment and future aggregate supply. We show that,...

Persistent link: https://www.econbiz.de/10009275964

Gender Peer Effects in School, a Birth Cohort Approach

Ciccone, Antonio; Garcia-Fontes, Walter - C.E.P.R. Discussion Papers - 2014

We propose estimating gender peer effects in school by exploiting within-school variation in gender composition across …

Persistent link: https://www.econbiz.de/10011084254

Is Child Like Parent? Educational Attainment and Ethnic Origin

Gang, Ira; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 1996

difference in favour of father’s education over mother’s education. …

Persistent link: https://www.econbiz.de/10005504310

The Dynamics of the Racial Test Score Gap During the School Years in Britain

Patacchini, Eleonora; Zenou, Yves - C.E.P.R. Discussion Papers - 2006

differences across the school years. We find that there is a substantial racial gap in test scores, especially between ages 7 and … 11, and a less severe one between ages 11 and 16. It thus seems that nonwhites are losing ground at school, especially … differences in parents' involvement in education. We find that a non-negligible part of the test score racial gap can be explained …

Persistent link: https://www.econbiz.de/10005504336

Unilingual versus Bilingual Education System: A Political Economy Analysis

Ortega, Javier; Tangeraas, Thomas - C.E.P.R. Discussion Papers - 2003

can speak the same language. The value of trade increases in each participant's level of education. We compare a bilingual … education system, under which the individuals who take education become bilingual, with a unilingual system, under which the … individuals attending school end up speaking the language of the politically dominating group only. Bilingualism is socially …

Persistent link: https://www.econbiz.de/10005504513

The Returns from Reducing Corruption: Evidence from Education in Uganda

Reinikka, Ritva; Svensson, Jakob - C.E.P.R. Discussion Papers - 2007

What is the most effective way to increase primary school enrolment and student learning? We argue that innovations in … officials' handling of a large education grant program. Combining survey and administrative data, we show that the campaign was …

Persistent link: https://www.econbiz.de/10005504593

Hobbies, Skills and Incentives to Work: The Happy Gardener and the Wealthy Golfer

Sällström, Susanna - C.E.P.R. Discussion Papers - 2007

Two of the earliest inventions of a human capital-intensive technology were for the production of personal internal goods that enabled humans to derive more pleasure out of leisure, namely dance and music. I model the incentives to invent hobbies and to acquire hobby skills, and its implications...

Persistent link: https://www.econbiz.de/10005504741

Education and Borrowing Constraints: Tests Vs. Prices

Fernández, Raquel - C.E.P.R. Discussion Papers - 1998

wealth is observable is derived. The latter consists of a fellowship scheme, in which markets set school prices but the …

Persistent link: https://www.econbiz.de/10005497883