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Macroeconomics and Market Power: Context, Implications, and Open Questions
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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Macroeconomics in crisis and macroeconomics in recovery
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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Environmental policies are becoming an important part of agricultural policy portfolio in the EU, which is binding on Croatia. This paper seeks to evaluate potential sectoral effects of several nitrogen pollution reduction policy measures within CGE ...
Ozana Nadoveza Jelić, Jurica Šimurina
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This paper aims to analyse the allocation of the COVID-19 response funds from the perspective of the political alignment hypothesis. The authors focus on the allocation of the second and third rounds of the Governmental Fund for Local Investments (part ...
Matuszak Piotr+2 more
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EconAgent: Large Language Model-Empowered Agents for Simulating Macroeconomic Activities [PDF]
The advent of artificial intelligence has led to a growing emphasis on data-driven modeling in macroeconomics, with agent-based modeling (ABM) emerging as a prominent bottom-up simulation paradigm. In ABM, agents (e.g., households, firms) interact within a macroeconomic environment, collectively generating market dynamics.
arxiv
THE MACROECONOMICS OF SHADOW BANKING
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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The Macroeconomics of Testing and Quarantining
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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TEACHING AND RESEARCH IN MACROECONOMICS, A SURVEY ON RECENT DEVELOPMENTS [PDF]
Macroeconomics has undergone enormous changes since its birth in 1930s. Although the new developments have enhanced our understanding of macroeconomic problems and policies effects, their fast pace and vast areas have made catching up difficult for both ...
Saeed Moshiri
doaj
Innovation spillover effect of the pilot carbon emission trading policy in China
In today's society, environmental protection and sustainable development have become the focus of global attention. Carbon emission trading, as an effective means to reduce greenhouse gas emissions, has been adopted by many countries and regions.
Junming Lai, Yueyan Chen
doaj
The Macroeconomics of Corporate Debt
The 2020 COVID-19 crisis can spur research on firms’ corporate finance decisions and their macroeconomic implications, similar to the wave of important research on banking and household finance triggered by the 2008 financial crisis.
Markus K. Brunnermeier, A. Krishnamurthy
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