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Anticipated and experienced emotions in an investment experiment

Bosman, Ronald; Winden, Frans A. A. M. van - 2001

This paper experimentally investigates investment behavior.We find that global risk – i.e. risk independent of an agent …’sinvestment decision (like political risk) – substantiallydecreases investment. Also effort to obtain the capital usedfor investment … decreases investment substantially. Theseresults are neither in line with expected utility theory norwith psychologically …

Persistent link: https://www.econbiz.de/10011317470

Growth effects of fiscal policies : a comparative analysis in a multi-country context

Brons, Martijn; Groot, Henri L. F. de; Nijkamp, Peter - 1999

The potential interactions among fiscal policies, investments and economicgrowth are complex and manifold.In this paper, we will perform a systematic comparative analysis of the variouseconomic insights that arecurrently available on these complex relationships, both theoretically (by aselective...

Persistent link: https://www.econbiz.de/10011301152

The macroeconomic effects of trade policy

Erceg, Christopher J.; Prestipino, Andrea; Raffo, Andrea - 2018 - This version: October 1, 2018

We study the short-run macroeconomic effects of trade policies that are equivalent in a friction-less economy, namely a uniform increase in import tariffs and export subsidies (IX), an increase in value-added taxes accompanied by a payroll tax reduction (VP), and a border adjustment of corporate...

Persistent link: https://www.econbiz.de/10011967395

Financial fragility, sovereign default risk and the limits to commercial bank bail-outs

Wijnbergen, Sweder van; Kwaak, Christiaan van der - 2013

model balance sheet constrained financial intermediaries finance both capital expenditure of intermediate goods producers …, significantly increasing output losses and declines in investment after a financial crisis. We introduce sovereign default risk …

Persistent link: https://www.econbiz.de/10010224776

Financial fragility and the fiscal multiplier

Wijnbergen, Sweder van; Kwaak, Christiaan van der - 2014

loans are crowded out by government debt in the credit provision channel. This lowers investment and (future) capital stocks …

Persistent link: https://www.econbiz.de/10010226967

Trade policies and fiscal devaluations

Erceg, Christopher J.; Prestipino, Andrea; Raffo, Andrea - 2022

Persistent link: https://www.econbiz.de/10013268057

On the optimal design of transfers and income-tax progressivity

Ferriere, Axelle; Grubene, Philipp; Navarro, Gaston; … - 2022

Persistent link: https://www.econbiz.de/10013375247

Outperforming the market using biliniarities in fundamentals and macroeconomic variables

Kloek, Teunis; Lucas, André; Dijk, Ronald van - 1995

Persistent link: https://www.econbiz.de/10000922344

The microfoundations of macroeconomics : an evolutionary perspective

Bergh, Jeroen C. J. M. van den; Gowdy, John M. - 2000

We consider the microfoundations controversy from the perspective ofeconomic evolution and show that the debatecan benefit from lessons learned in evolutionary biology. Althoughthe analogy between biology and economics hasbeen noted before, it has rarely focused on clarifying the micro-macro...

Persistent link: https://www.econbiz.de/10011303317

Linear quadratic optimization for models with rational expectations

Amman, Hans M.; Kendrick, David A. - 1997

In this paper we present a method for using rational expectations in a linear-quadratic optimizationframework. Following the approach put forward by Sims, we solve the model through a QZdecomposition, which is generally easier to implement than the more widely used method of Blanchardand Kahn.

Persistent link: https://www.econbiz.de/10010361657