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Testing the Bhaduri-Marglin model for the demand regime of Greece

Marsellou, Emilia G. - In: European journal of economics and economic policies : … 21 (2024) 3, pp. 370-395

This paper investigates the demand regime of the Greek economy for the period 1960-2017, using a Bhaduri/Marglin (1990) type macroeconomic demand-led model and applying the empirical methodology developed in Stockhammer et al. (2009). The analysis finds that Greece is another European economy...

Persistent link: https://www.econbiz.de/10015095343

Does the selfish life-cycle model apply in the case of Japan?

Horioka, Charles - 2020

In this paper, we first provide a brief exposition of the simplest version of the selfish life cycle model or hypothesis, which is undoubtedly the most widely used theoretical model of household behavior in economics, and then survey the literature on household saving behavior in Japan (with...

Persistent link: https://www.econbiz.de/10012195738

Cyclical drivers of euro area consumption : what can we learn from durable goods?

Casalis, André; Krustev, Georgi - 2020

We study the cyclical dynamics of consumption in the euro area (EA) and the large EA countries by distinguishing … cross-country heterogeneity in how different factors (including durable-specific ones) explain consumption; (iii) the … strength of spillovers from durable to nondurable consumption, as predicted by theory, is empirically correlated with how much …

Persistent link: https://www.econbiz.de/10012197836

Consumption response heterogeneity and dynamics with an inattention region

Boccanfuso, Jérémy - 2022

proposed. These expectation adjustments generate highly heterogenous consumption responses to income windfalls: many households … previous explanations for these effects, including consumption adjustment cost and liquidity constraints. At the aggregate … level, consumption is less sensitive to expansionary policies during recessions and its excess smoothness varies …

Persistent link: https://www.econbiz.de/10013256389

Globalization and the effects of changes in functional income distribution on aggregate demand in Germany

Stockhammer, Engelbert; Hein, Eckhard; Grafl, Lucas - In: International review of applied economics 25 (2011) 1, pp. 1-23

Persistent link: https://www.econbiz.de/10008841735

Estimation and forecasting using mixed-frequency DSGE models

Meyer-Gohde, Alexander; Shabalina, Ekaterina - 2022

In this paper, we propose a new method to forecast macroeconomic variables that combines two existing approaches to mixed-frequency data in DSGE models. The first existing approach estimates the DSGE model in a quarterly frequency and uses higher frequency auxiliary data only for forecasting...

Persistent link: https://www.econbiz.de/10013471326

Testing Okun's Law with Swiss Industry Data

Hartwig, Jochen - 2014

Okun’s Law postulates a stable relationship between quarterly output growth and changes in (un)employment. This proposition has so far been tested with macroeconomic data at the highest level of aggregation. The paper goes beyond that in extending the analysis to industry data from...

Persistent link: https://www.econbiz.de/10014144809

Estimation and forecasting using mixed-frequency DSGE models

Meyer-Gohde, Alexander; Shabalina, Ekaterina - 2022

Persistent link: https://www.econbiz.de/10013465707

Flexible Prices and Leverage

D'Acunto, Francesco - 2017

The frequency with which firms adjust output prices helps explain persistent differences in capital structure across firms. Unconditionally, the most flexible-price firms have a 19% higher long-term leverage ratio than the most sticky-price firms, controlling for known determinants of capital...

Persistent link: https://www.econbiz.de/10012965286

Flexible Prices and Leverage

D'Acunto, Francesco - 2017

The frequency with which firms adjust output prices is an important determinant of persistent differences in capital structure across firms. The most flexible-price firms have a 19% higher long-term financial leverage ratio than the most sticky-price firms, controlling for known determinants of...

Persistent link: https://www.econbiz.de/10012970598