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

Pesaran, M. Hashem - 2011

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

Persistent link: https://www.econbiz.de/10013119292

Impacts of Covid-19 on Household Welfare in Tunisia

Kokas, Deeksha; López Acevedo, Gladys; El Lahga, … - 2021

COVID-19 is likely to have a large impact on the welfare of Tunisian households. First, some individuals might be more vulnerable to contracting the disease because their living conditions or jobs make them more susceptible to meeting others or practicing social distancing. Lack of adequate...

Persistent link: https://www.econbiz.de/10013314728

Pensions, Household Saving, and Welfare : A Dynamic Analysis

Blau, David - 2011

Empirical analyses of the effects of public and private pensions on household saving impose strong assumptions in order … household wealth is crowded out by pensions? (2) Can linear regression analysis accurately estimate the magnitude of crowdout … results indicate that private pensions in the US crowd out less than $0.15 of household saving per dollar of pension wealth …

Persistent link: https://www.econbiz.de/10013128568

Human Capital Risk, Contract Enforcement, and the Macroeconomy

Krebs, Tom - 2015

households with children are under-insured against the risk that an adult member of the household dies. We develop a tractable …

Persistent link: https://www.econbiz.de/10013016264

People, Places and Public Policy : Some Simple Welfare Economics of Local Economic Development Programs

Kline, Patrick - 2014

Most countries exhibit large and persistent geographical differences in wages, income and unemployment rates. A growing class of "place based" policies attempt to address these differences through public investments and subsidies that target disadvantaged neighborhoods, cities or regions. Place...

Persistent link: https://www.econbiz.de/10013061936

Origins and Consequences of Child Labor Restrictions : A Macroeconomic Perspective

Doepke, Matthias; Krueger, Dirk - 2021

We investigate the positive and normative consequences of child-labor restrictions for economic aggregates and welfare. We argue that even though the laissez-faire outcome may be inefficient, there are usually better policies to cure these inefficiencies than the imposition of a child-labor ban....

Persistent link: https://www.econbiz.de/10013324863

Comparing the Effectiveness of Employment Subsidies

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2021

This paper analyses theoretically and empirically how employment subsidies should be targeted. We contrast measures involving targeting workers with low incomes/abilities and targeting the unemployed under the criteria of "approximate welfare efficiency" (AWE). Thereby we can identify policies...

Persistent link: https://www.econbiz.de/10013316994

The Expected, Perceived, and Realized Inflation of U.S. Households Before and During the COVID-19 Pandemic

Weber, Michael; Gorodnichenko, Yuriy; Coibion, Olivier - 2022

As the pandemic spread across the U.S., disagreement among U.S. households about inflation expectations surged along with the mean perceived and expected level of inflation. Simultaneously, the inflation experienced by households became more dispersed. Using matched micro data on spending of...

Persistent link: https://www.econbiz.de/10014083908

Macroeconomic Volatilities and the Labor Market : First Results from the Euro Experiment

Merkl, Christian - 2010

theory. While labor market institutions have a large effect on output volatility, they do not seem to have much of an effect …

Persistent link: https://www.econbiz.de/10013143682

Cross-Country Differences in Productivity : The Role of Allocation and Selection

Bartelsman, Eric J. - 2009

This paper combines different strands of the productivity literature to investigate the effect of idiosyncratic (firm-level) policy distortions on aggregate outcomes. On the one hand, a growing body of empirical research has been relating cross-country differences in key economic outcomes, such...

Persistent link: https://www.econbiz.de/10013153504