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effects of heterogeneous productivity across firms on macroeconomic dynamics. The first model indicates that monetary policy … amplification mechanism of exogenous technology shocks based on endogenous firm entry and heterogeneous productivity. Increasing … competition after a positive shock forces less productive firms to leave the market, leading to higher a average productivity …
Persistent link: https://www.econbiz.de/10010510699
output dynamics in response to positive productivity shocks? Can we identify heterogeneous productivity shocks and the …
Persistent link: https://www.econbiz.de/10011697527
The goal of this thesis is twofold: it aims, firstly, at a description of cycles in SouthAfrican financial variables and, secondly, at the evaluation of the relationshipbetween cycles in financial variables and the South African business cycle. The studyis based on the original business cycle...
Persistent link: https://www.econbiz.de/10009442149
This study analyses the impact of scale, establishment mobility and policy substitution in the corporation's geographical behaviour. To maximise opportunities for observing change, the effects of recession on firms using a particular marketing system --product franchising are examined. It is...
Persistent link: https://www.econbiz.de/10009448104
In this dissertation, two questions concerning monetary policy under the Taylor rule have been addressed. The first question is on, under the Taylor rule, whether a central bank should be responsible for both bank supervision and monetary policy or whether the two tasks should be exercised by...
Persistent link: https://www.econbiz.de/10009464972
This dissertation consists of two essays in international macroeconomics. Thefirst essay shows that optimal fiscal and monetary policy is time consistent in astandard small open economy. Further, there exist many maturity structuresof public debt capable of rendering the optimal policy time...
Persistent link: https://www.econbiz.de/10009475504
permanent and transitory productivity shocks can explain well observed business-cycle fluctuations in emerging countries. The …
Persistent link: https://www.econbiz.de/10009475513
Verslo ciklų sinchronizacijos reiškinio atpažinimas socialiniuose moksluose paskatino daugelio skirtingų sričių tyrėjų (fizikų, ekonofizikų, ekonomistų) domėjimąsi šiuo fenomenu. Kokie aplinkos veiksniai lemia šalių verslo ciklų sinchronizaciją ir kaip įvertinti šių...
Persistent link: https://www.econbiz.de/10009480125
Recognition of the business cycle synchronization phenomenon in social science fostered a number of researchers from different areas (physics, econophysics, economics) to take interest in this phenomenon. Which environmental determinants influence the country’s business cycle synchronization...
Persistent link: https://www.econbiz.de/10009480126
This dissertation studies the optimal regulatory response to financial crises. The first two chapters focus on prevention of financial crises, and the third chapter focuses on resolution of financial crises.Chapter 1 develops a quantitative theory of overborrowing based on a systemic risk...
Persistent link: https://www.econbiz.de/10009450677