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Business Cycle Effects of Credit and Technology Shocksin a DSGE Model with Firm Defaults

Pesaran, M. Hashem; Xu, TengTeng - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011

This paper proposes a theoretical framework to analyze the impacts of credit and technologyshocks on business cycle dynamics, where firms rely on banks and households for capitalfinancing. Firms are identical ex ante but differ ex post due to different realizations of firmspecific technology...

Persistent link: https://www.econbiz.de/10009522213

Estimating a Model of Qualitative and Quantitative Education Choices in France

Belzil, Christian - 2018

) and a general track at both high school and university levels using French panel data (Génération 98). The average per …

Persistent link: https://www.econbiz.de/10012922454

Aggregation in Large Dynamic Panels

Pesaran, M. Hashem - 2011

This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is potentially related to all other micro units, and where micro innovations are allowed to be cross sectionally dependent. Following Pesaran (2003), an optimal aggregate function is...

Persistent link: https://www.econbiz.de/10013129942

Education and Early Career Outcomes of Second-Generation Immigrants in France

Belzil, Christian; Poinas, François - 2021

We estimate a flexible dynamic model of education choices and early career employment outcomes of the French population … contract, or withdraw from the labor force (a residual state). Our analysis focuses on the comparison between French Second …-Generation Immigrants whose parents are born in Africa and French-natives. We find that schooling attainments explain around two thirds of …

Persistent link: https://www.econbiz.de/10013324740

Lumpy Price Adjustments : A Microeconometric Analysis

Dhyne, Emmanuel; Fuss, Catherine; Pesaran, M. Hashem; … - 2021

compute the Belgian and French CPI, we are able to assess the role of intrinsic and extrinsic price stickiness in explaining …

Persistent link: https://www.econbiz.de/10013317064

Testing the Specification of the Mincer Wage Equation

Belzil, Christian - 2021

I perform the joint estimation of a reduced-form dynamic model of the transition from one grade level to the next, and a Mincer wage equation, using panel data taken from the NLSY. A very high degree of flexibility is achieved by approximating the distributions of idiosyncractic grade transition...

Persistent link: https://www.econbiz.de/10013317194