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Macroeconomics With Frictions [PDF]
Quarterly Review, 1994 This article is a progress report on research that attempts to include one type of market incompleteness and frictions in macroeconomic models. The focus of the research is the absence of insurance markets in which individual-specific risks may be insured against.
openaire +4 more sources
Applied Economic Perspectives and Policy, EarlyView.ABSTRACT Extreme swings in food prices can put food security at risk. Fertilizer prices are among the main drivers of food prices. This work explores the recurrent behavior of the extreme global fertilizer price fluctuations underlying food price dynamics.
Massimiliano Calvia
wiley +1 more source
Does digitalization affect the contribution of entrepreneurship to economic growth? [PDF]
Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, 2019 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
doaj +1 more source
, 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
semanticscholar +1 more source
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
semanticscholar +1 more source
The Macroeconomics of Corporate Debt
The Review of Corporate Finance Studies, 2020 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
semanticscholar +1 more source
Row Crops and the U.S. Agricultural Trade Deficit: Recent Trends and Policy Issues
Applied Economic Perspectives and Policy, EarlyView.ABSTRACT Row crops such as soybeans, corn, wheat, and cotton are the backbone of the U.S. farm sector, accounting for around $60 billion of exports in 2023. While U.S. row crop exports remain robust, growing concerns over the rising U.S. agricultural trade deficit underscore the need to appraise the ongoing market and policy dynamics affecting the ...
William Ridley, Stephen Devadoss
wiley +1 more source
Historical Macroeconomics and American Macroeconomic History [PDF]
, 1995 We take macroeconometrics to be the application of statistical models to questions posed by macroeconomic theory. Macroeconomic facts and theories relate to two sets of issues usually viewed as separable: long-term variations in economic growth across decades or countries and short-term (high-frequency) variations in employment and output, usually ...
Christopher Hanes +2 more
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Applied Economic Perspectives and Policy, EarlyView.ABSTRACT Amidst dwindling state funding and the legislative withdrawal from public university research support, a heightened political process shapes the allocation of scarce tax dollars. This article explores how advocacy within the political process influences funding support for higher education from state legislatures.
Gregory M. Perry +2 more
wiley +1 more source
The Regional Heterogeneity of Productivity Determinants: Evidence from Ukrainian Firms
Miscellanea Geographica: Regional Studies on Development, 2017 This paper studies the determinants of the total factor productivity (TFP) for Ukrainian firms in the manufacturing sector across macro-regions using recent micro-level datasets for 2013.
Cieślik Andrzej +2 more
doaj +1 more source