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One or many Kuznets curves? : Short and long run effects of the impact of skill-biased technological change on income inequality
Grimalda, Gianluca (contributor);  … - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002161669
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The impact of monetary policy on New Zealand business cycles and inflation variability
McLellan, Nathan; Buckle, Robert A; Kim, Kunhong - Econometric Society - 2004
evaluate the impact of monetary policy on New Zealand business cycles and inflation variability and the output/inflation … policy has generally been counter-cyclical, thereby reducing business cycles and inflation variability. Exceptions are in … of inflation targeting monetary policy tended to simultaneously reduce inflation and output variability. From 1996 to …
Persistent link: https://www.econbiz.de/10005130253
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Hump-shaped Behavior of Inflation and Dynamic Externality
Tsuruga, Takayuki - Econometric Society - 2004
This paper develops a model which can explain the hump-shaped impulse response of inflation to a monetary shock. A …). Nevertheless, we can show that inflation is hump-shaped under a reasonable range of parameters. It will be also shown that, in … order for inflation to be hump-shaped, sticky wages and variable capital utilization are important as well as dynamic …
Persistent link: https://www.econbiz.de/10005342361
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Exchange Rate Based Stabilization with Sudden Restrictions on Capital Flows
Subramanian, Chetan; Park, Jungsoo - Econometric Society - 2004
reserves when the country experiences an unanticipated shock in the form of an external borrowing constraint. The theory and …
Persistent link: https://www.econbiz.de/10005342385
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A Simple Dynamic Model of Big-push
Leow, Ian H.K. - Econometric Society - 2004
In 1943, Paul Rosenstein-Rodan first coined the term “big-push†in his paper about growth in Eastern European economies. In 1989, Murphy et al. characterised the big-push as a static multi-equilibrium aggregate demand spillover model. Based on the model with a factory wage premium by...
Persistent link: https://www.econbiz.de/10005342173
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What do information frictions do?
Chakraborty, Shankha; Bhattacharya, Joydeep - Econometric Society - 2004
Researchers have incorporated labor or credit market frictions in isolation within simple neoclassical models to open up a role for institutions, inject realism into their models and examine the impact of these distortions on output and employment. We present an overlapping generations model...
Persistent link: https://www.econbiz.de/10005342267
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Human capital homogeneity and economic growth
Park, Koo-woong - Econometric Society - 2004
We study the effects of human capital homogeneity on economic growth with a two-sector model. We model the difference in human capital via a varying efficiency of individual agents in human capital production, alternatively education. Even though mean value of the education efficiency is the...
Persistent link: https://www.econbiz.de/10005342353
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Oil crisis, Energy Saving Technological Change, and the Stock Market Collapse of 1974
Peralta-Alva, Adrian; Alpanda, Sami - Econometric Society - 2004
The market value of U.S. corporations, relative to the replacement cost of their tangible assets, declined by about 50% in 1973-74, and stagnated at that level for the following decade. This collapse in market valuations exactly coincides with the Oil Crisis of October 1973. Over the 1973-78...
Persistent link: https://www.econbiz.de/10005170252
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Inequality-Driven Growth: Unveiling Aggregation Effects in Growth Equations
Albuquerque, Pedro H. - Econometric Society - 2004
This paper presents a simple Cass-Koopmans-Ramsey AK growth model with heterogeneity that explains how policies that increase income inequality may temporarily boost a country’s income growth rate. Briefly put, a change in policy that reduces redistributive transfers will free up...
Persistent link: https://www.econbiz.de/10005328881
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Inequality-Driven Growth: Unveiling Aggregation Effects in Growth Equations
Albuquerque, Pedro H. - Econometric Society - 2004
This paper presents a simple Cass-Koopmans-Ramsey AK growth model with heterogeneity that explains how policies that increase income inequality may temporarily boost a country's income growth rate. Briefly put, a change in policy that reduces redistributive transfers will free up resources to...
Persistent link: https://www.econbiz.de/10005086426