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basic models macroeconomists use to study fluctuations. The course is organized around nine topics/sections: Fluctuations …
Persistent link: https://www.econbiz.de/10009433258
basic models macroeconomists use to study fluctuations. The course is organized around nine topics/sections: Fluctuations …
Persistent link: https://www.econbiz.de/10009433264
In our dynamic optimizing sticky price model, agents are heterogeneous with regard to their age and their productivity. We find that the business cycle dynamics in the OLG model in response to both a technology shock and a monetary shock are similar, but not completely identical to those found...
Persistent link: https://www.econbiz.de/10010261430
efficiency and amplifying macroeconomic fluctuations, depends on social mobility, initial inequality, and the mismatch between …
Persistent link: https://www.econbiz.de/10010270170
alternate with expropriation in a limit cycle, decreasing efficiency and amplifying macroeconomic fluctuations. Long run …
Persistent link: https://www.econbiz.de/10010305643
This article assesses the empirical relationship between per capita income growth fluctuations and the age …
Persistent link: https://www.econbiz.de/10009480950
streams that are imperfectly correlated with domestic output fluctuations. The study investigates the correlation of … liabilities we find that international cross holdings provide diversification against fluctuations in domestic market returns. …
Persistent link: https://www.econbiz.de/10009482039
Or Paradox Regained? The answer is Paradox Regained. New data confirm that for countries worldwide long-term trends in happiness and real GDP per capita are not significantly positively related. The principal reason that Paradox critics reach a different conclusion, aside from problems of data...
Persistent link: https://www.econbiz.de/10011451233
" or "exogenous" fluctuations. The recent crisis seems to indicate that exogenous remedies have been applied to endogenous … fluctuations. … price fluctuations are the consequence of small supply fluctuations magnified by a rigid demand. But there exists two …
Persistent link: https://www.econbiz.de/10009445748
Expectations about the future are central for determination of current macroeconomic outcomes and the formulation of monetary policy. Recent literature has explored ways for supplementing the benchmark of rational expectations with explicit models of expectations formation that rely on...
Persistent link: https://www.econbiz.de/10012148021