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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

The Rise and Fall and Rise ... of the Business Cycle.

Pagan, A. - Research School of Economics, College of Business and … - 1996

In this lecture we have traversed the history, theory and econometrics of business cycles with the aim of making some suggestions about what should appear in any guide book.

Persistent link: https://www.econbiz.de/10005032814

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