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Trend growth expectations and US house prices before and after the crisis

Hoffmann, Mathias; Krause, Michael; Laubach, Thomas - 2012

We provide an analysis that might help distinguish rationally justified movements in house prices from potentially non-rational movements, using a two-sector business cycle model, in which investment in housing is subject to collateral constraints. A large portion of the evolution of U.S. house...

Persistent link: https://www.econbiz.de/10009528869

Technological clusters in Brazilian agriculture : production and challenges

Vieira Filho, José Eustáquio Ribeiro - 2017

some of the main findings from the historical view of Brazilian agriculture development. The arguments should rest here on …

Persistent link: https://www.econbiz.de/10012060354

Agriculture in Brazil's Midwest region : limitations and future challenges to development

Castro, César Nunes de - 2015

Among the economic activities in Brazil´s Midwest region, agriculture has an important role in the regional economy …, with the aim of this study to evaluate the recent situation of regional agriculture in order to identify constraints and … factors, however, are often mentioned as potential barriers to the development of agriculture in the region, including …

Persistent link: https://www.econbiz.de/10012056979

Agriculture in Brazil's Southeast region : limitations and future challenges to development

Castro, César Nunes de - 2015

situation of agriculture in the Southeast, based on data from the 2006 Agricultural Census. Based on this diagnosis, the study …

Persistent link: https://www.econbiz.de/10012057036

The Brexit vote, productivity growth and macroeconomic adjustments in the United Kingdom

Broadbent, Ben; Di Pace, Federico; Drechsel, Thomas; … - 2019

The UK economy has experienced significant macroeconomic adjustments following the 2016 referendum on its withdrawal from the European Union. This paper develops and estimates a small open economy model with tradable and non-tradable sectors to characterise these adjustments. We demonstrate that...

Persistent link: https://www.econbiz.de/10012055479

Patience and comparative development

Sunde, Uwe; Dohmen, Thomas; Enke, Benjamin; Falk, Armin; … - 2021

This paper studies the relationship between patience and comparative development through a combination of reduced-form analyses and model estimations. Based on a globally representative dataset on time preference in 76 countries, we document two sets of stylized facts. First, patience is...

Persistent link: https://www.econbiz.de/10013189598

The expectations-driven US current account

Hoffmann, Mathias; Krause, Michael; Laubach, Thomas - 2013

Since 1991, survey expectations of long-run output growth for the U.S. relative to the rest of the world exhibit a pattern strikingly similar to that of the U.S. current account, and thus also to global imbalances. We show that this finding can to a large extent be rationalized in a two-region...

Persistent link: https://www.econbiz.de/10009732995

Economic growth and imperialism

Corneo, Giacomo - 2024

History shows militarily dominant states that pursue imperialism, relying on their might to extort resources from weaker states. Occasionally, the latter revolt and the dominant state suffers some casualties. This paper explores imperialism along steady-growth paths. If the dominant state...

Persistent link: https://www.econbiz.de/10015123178

Enclosure, capitalist agriculture and the growth in corn yields in early modern England

Allen, Robert C. - 1986

Persistent link: https://www.econbiz.de/10003467420

A note on automation, stagnation, and the implications of a robot tax

Gasteiger, Emanuel; Prettner, Klaus - 2017

We analyze the long-run growth effects of automation in the canonical overlapping generations framework. While automation implies constant returns to capital within this model class (even in the absence of technological progress), we show that it does not have the potential to lead to positive...

Persistent link: https://www.econbiz.de/10011668997