Results 11 to 20 of about 382,042 (380)
Macroeconomics in crisis and macroeconomics in recovery [PDF]
PSL Quarterly Review, 2011 The financial and economic crisis brings to a reconsideration of macroeconomics: as it happened in the past, after the Great Crash of 1929 as well as after the Second World War and after the collapse of the Bretton Woods system in 1971 and the subsequent
Alessandro Roncaglia
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The Macroeconomics of Happiness [PDF]
Review of Economics and Statistics, 2001 We show that macroeconomic movements have strong effects on the happiness of nations. First, we find that there are clear microeconomic patterns in the psychological well-being levels of a quarter of a million randomly sampled Europeans and Americans from the 1970's to the 1990's.
R. Tella +2 more
semanticscholar +7 more sources
MACROECONOMICS AND REALITY [PDF]
Econometrica, 1977 Existing strategies for econometric analysis related to macroeconomics are subject to a number of serious objections, some recently formulated, some old. These objections are summarized in this paper, and it is argued that taken together they make it unlikely that macroeconomic models are in fact over identified, as the existing statistical theory ...
C. Sims
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Families in Macroeconomics [PDF]
SSRN Electronic Journal, 2016 Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision-making in families) is typically ignored in macroeconomic models.
Matthias Doepke, M. Tertilt
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The Macroeconomics of TANSTAAFL [PDF]
SSRN Electronic Journal, 2011 Abstract Market imperfections may lead to underinvestment in dynamic general equilibrium models. An interesting but unexplored question is whether policy interventions which attenuate underinvestment gaps necessarily imply that consumption will initially decline.
Grossmann, Volker +2 more
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The macroeconomics of Model T [PDF]
Journal of Economic Theory, 2009 We study a model of endogenous growth where firms invest both in product and process innovations. Product innovations (that open up completely new product lines) satisfy the advanced wants of the rich. Subsequent process innovations (that decrease costs per unit of quality) transform the luxurious products of the rich into conveniences of the poor.
Reto Foellmi +4 more
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SSRN Electronic Journal, 2011 We estimate a New-Keynesian macro model accommodating regime-switching behavior in monetary policy and in macro shocks. Key to our estimation strategy is the use of survey-based expectations for inflation and output. Output and inflation shocks shift to the low volatility regime around 1985 and 1990, respectively.
Lieven Baele +4 more
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The Macroeconomics of Microfinance [PDF]
SSRN Electronic Journal, 2012 Abstract What is the aggregate and distributional impact of microfinance? To answer this question, we develop a quantitative macroeconomic framework of entrepreneurship and financial frictions in which microfinance is modelled as guaranteed small-size loans. We discipline and validate our model using recent empirical evaluations of small-
Joseph P. Kaboski +7 more
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The irreducibility of macro to microeconomics: a methodological approach
Brazilian Journal of Political Economy, 2022 This paper criticizes the idea, widespread today, of the need to seek micro-foundations for macroeconomics. The authors argue that these two fields of economics, micro and macroeconomics, use different methodological approaches. Microeconomics deals with
LUIZ CARLOS BRESSER-PEREIRA +1 more
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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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