Results 21 to 30 of about 72,906 (44)
Social Science Research Network, 2008 In this paper, we outline a version of the New Area-Wide Model (NAWM) of the euro area designed for use in the (Broad) Macroeconomic Projection Exercises regularly undertaken by ECB/Eurosystem staff.
K. Christoffel, G. Coenen, A. Warne
semanticscholar +1 more source
Downward Revision of Investment Decisions after Corporate Tax Hikes
Social Science Research NetworkThis 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 +3 more
semanticscholar +1 more source
Some of the next articles are maybe not open access.
Related searches:
Related searches:
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 +2 more
semanticscholar +1 more source
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 +2 more
semanticscholar +1 more source
When Losses Turn into Loans: The Cost of Weak Banks
The American Economic Review, 2023We 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 +2 more
semanticscholar +1 more source
Household Balance Sheets, Consumption, and the Economic Slump*
, 2013We investigate the consumption consequences of the 2006--9 housing collapse using the highly unequal geographic distribution of wealth losses across the United States. We estimate a large elasticity of consumption with respect to housing net worth of 0.6
Atif R. Mian, K. Rao, Amir Sufi
semanticscholar +1 more source
Understanding the Scarring Effect of Recessions
The American Economic Review, 2022This paper documents that the earnings cost of job loss is concentrated among workers who find reemployment in lower-skill occupations, and that the cost and incidence of such occupation displacement is higher for workers who lose their job during a ...
C. Huckfeldt
semanticscholar +1 more source
International Business Cycles: World, Region, and Country-Specific Factors
, 2003The paper investigates the common dynamic properties of business-cycle fluctuations across countries, regions, and the world. We employ a Bayesian dynamic latent factor model to estimate common components in macroeconomic aggregates (output, consumption,
M. A. Kose +2 more
semanticscholar +1 more source
Sudden Stops, Financial Crises, and Leverage
, 2010Financial crashes were followed by deep recessions in the Sudden Stops of emerging economies. An equilibrium business cycle model with a collateral constraint explains this phenomenon as a result of the amplification and asymmetry that the constraint ...
E. Mendoza
semanticscholar +1 more source
Labor Market Responses to Unemployment Insurance: The Role of Heterogeneity
American Economic Journal: Macroeconomics, 2023We document considerable scope of heterogeneity within the unemployed, especially when they are divided along eligibility for and receipt of unemployment insurance (UI).
S. Birinci, K. See
semanticscholar +1 more source
Bubbles, Crashes, and Economic Growth: Theory and Evidence
Social Science Research Network, 2023We analyze the ups and downs in economic growth in recent decades by constructing a model with recurrent bubbles, crashes, and endogenous growth. Once realized, bubbles crowd in investment and stimulate economic growth, but expectation about future ...
Pablo A. Guerrón-Quintana +2 more
semanticscholar +1 more source