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Caring for the Hospitalized Child, 2018 Background Low growth rates continue to be a major concern for the G7. The 2017 Taormina leaders’ communiqué identifies that “global recovery is gaining momentum, yet growth remains moderate and GDP is still below potential in many countries.”1341 Their ...
Bryan R. Fine
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Non-Performing Loans and Macroeconomics Factors: The Italian Case
Risks, 2022 The purpose of this work is to investigate the influence of macroeconomics determinants on non-performing loans (NPLs) in the Italian banking system over the period 2008Q3–2020Q4.
Matteo Foglia
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The Macroeconomics of Epidemics
The Review of financial studies, 2020 We extend the canonical epidemiology model to study the interaction between economic decisions and epidemics. Our model implies that people cut back on consumption and work to reduce the chances of being infected. These decisions reduce the severity of
M. Eichenbaum +2 more
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Cordon of Conformity: Why DSGE Models Are Not the Future of Macroeconomics
International Journal of Political Economy, 2021 The Rebuilding Macroeconomic Theory Project, led by David Vines and Samuel Wills (2020), is an important, albeit long overdue, initiative to rethink a failing mainstream macroeconomics.
Servaas Storm
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The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?
NBER macroeconomics annual, 2000 The central claim in this paper is that by explicitly introducing costs of international trade (narrowly, transport costs, but more broadly, tariffs, nontariff barriers, and other trade costs), one can go far toward explaining a great number of the main ...
M. Obstfeld, Kenneth Rogoff
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Macroeconomics and Market Power: Context, Implications, and Open Questions
Journal of Economic Perspectives, 2019 This article assesses several aspects of recent macroeconomic market power research. These include the ways market power is defined and measured; the use of accounting data to estimate markups; the quantitative implications of theoretical connections ...
C. Syverson
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The Macroeconomics of Testing and Quarantining
Journal of Economic Dynamics and Control, 2020 From the Abstract: Epidemiology models used in macroeconomics generally assume that people know their current health status In this paper, we consider a more realistic environment in which people are uncertain about their health status We use our model ...
M. Eichenbaum +2 more
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THE MACROECONOMICS OF SHADOW BANKING
Macroeconomic Dynamics, 2018 We propose a simple short-run Post-Keynesian model in which the key aspects of shadow banking, namely securitization and the production of structured finance instruments, are explicitly formalized.
A. Botta, E. Caverzasi, D. Tori
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, 2018 In this chapter we will examine the determinants of both the level and the growth rate of the production of output in the long run. We will look at the actual growth performance of rich and poor countries over long periods of time and see that capital ...
H. Sherman +2 more
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Agent Based-Stock Flow Consistent Macroeconomics: Towards a Benchmark Model
Journal of Economic Dynamics and Control, 2016 The paper moves from a discussion of the challenges posed by the crisis to standard macroeconomics and the solutions adopted within the DSGE community. Although several recent improvements have enhanced the realism of standard models, we argue that major
Alessandro Caiani +5 more
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