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Identification and Estimation of Dynamic Causal Effects in Macroeconomics Using External Instruments
An exciting development in empirical macroeconometrics is the increasing use of external sources of as-if randomness to identify the dynamic causal effects of macroeconomic shocks.
James H. Stock, Mark W. Watson
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Macroeconomics of Speculation [PDF]
Despite his emphasis on the speculative character of investment decisions, Minsky paid little attention to asset price speculation per se, ignoring asset price bubbles and their macroeconomic effects. That is perhaps because his views were formed during the era of financial regulation, when speculation could do no harm as bubbles on a steady stream of ...
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Macroeconomic uncertainty and forecasting macroeconomic aggregates [PDF]
Abstract Can information on macroeconomic uncertainty improve the forecast accuracy for key macroeconomic time series for the US? Since previous studies have demonstrated that the link between the real economy and uncertainty is subject to nonlinearities, I assess the predictive power of macroeconomic uncertainty in both linear and ...
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Does digitalization affect the contribution of entrepreneurship to economic growth? [PDF]
The paper analyses the contribution of different types of innovative entrepreneurship: new products entrepreneurship (NP), new technology development entrepreneurship (NT), high growth expectation entrepreneurship (HG), and average growth ...
Maja Ivanović-Đukić+2 more
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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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Behavioral Macroeconomics and Macroeconomic Behavior [PDF]
Abstract Think about Richard Scarry ’s Cars and Trucks and Things That Go. Think about what that book would have looked like in sequential decades of the last century had Richard Scarry been alive in each of them to delight and amuse children and parents.
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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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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
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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