Results 11 to 20 of about 74,406 (45)

Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence

American Economic Journal: Macroeconomics, 2016
We examine the hypothesis that the slowdown in productivity following the Great Recession was in significant part an endogenous response to the contraction in demand that induced the downturn. We motivate, develop, and estimate a model with an endogenous
D. Anzoategui, D. Comín, M. Gertler, José Martínez   +3 more
semanticscholar   +1 more source

Geographic Cross-Sectional Fiscal Spending Multipliers: What Have We Learned?

American Economic Journal: Economic Policy, 2017
A geographic cross-sectional fiscal spending multiplier measures the effect of an increase in spending in one region of a monetary union. Empirical studies of such multipliers have proliferated.
Gabriel Chodorow-reich
semanticscholar   +1 more source

Rational Inattention and the Business Cycle Effects of Productivity and News Shocks

Social Science Research Network
We solve a real business cycle model with rational inattention (an RI-RBC model). In the RI-RBC model, the growth rates of employment, investment, and output are about as persistent as in the data, with an amount of inattention consistent with survey ...
Bartosz Mackowiak, Mirko Wiederholt
semanticscholar   +1 more source

One Scheme Fits All: A Central Fiscal Capacity for the Emu Targeting Eurozone, National and Regional Shocks

Social Science Research Network
This paper proposes a central fiscal capacity for the euro area that generates transfers in response to euro area, country, and region-specific shocks.
R. Beetsma, Jacopo Cimadomo, Josha Van Spronsen   +2 more
semanticscholar   +1 more source

Downward Revision of Investment Decisions after Corporate Tax Hikes

Social Science Research Network
This paper estimates the causal effect of corporate tax hikes on firm investment based on more than 1,400 local tax changes. By observing planned and realized investment volumes in a representative sample of German manufacturing firms, we can study how ...
S. Link, Manuel Menkhoff, A. Peichl, Paul Schüle   +3 more
semanticscholar   +1 more source

Credit Supply and Monetary Policy: Identifying the Bank Balance-Sheet Channel with Loan Applications

, 2012
Gabriel Jiménez, S. Ongena, J. Peydró, Jesús Saurina   +3 more
semanticscholar   +1 more source

The Short- and Long-Term Career Effects of Graduating in a Recession

, 2012
P. Oreopoulos, Till M. von Wachter, Andrew Heisz   +2 more
semanticscholar   +1 more source

Is the Phillips Curve Alive and Well after All? Inflation Expectations and the Missing Disinflation

, 2013
Olivier Coibion, Y. Gorodnichenko
semanticscholar   +1 more source

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The Reversal Interest Rate

The American Economic Review, 2023
The reversal interest rate is the rate at which accommodative monetary policy reverses and becomes contractionary for lending. We theoretically demonstrate its existence in a macroeconomic model featuring imperfectly competitive banks that face financial
Joseph Abadi, Markus K. Brunnermeier, Yann Koby   +2 more
semanticscholar   +1 more source

When Losses Turn into Loans: The Cost of Weak Banks

The American Economic Review, 2023
We provide evidence that banks distort the composition of credit supply in order to comply with ratio-based capital requirements in times of economic distress.
Laura Blattner, Luísa Farinha, Francisca Rebelo   +2 more
semanticscholar   +1 more source