Title:Labor Market Dynamics and the Business Cycle: Structural Evidence for the United States
Author(s):RAVN, Morten O.; SIMONELLI, SaverioDate:2007Type of Publication:ArticleAbstract:We use a 12-dimensional VAR to examine the aggregate effects of two structural technology shocks and two policy shocks. For each shock, we examine the dynamic effects on the labor market, the importance of the shock for ...
Title:Labor-Market Volatility in the Search-And-Matching Model: The Role of Investment-Specific Technology Shocks
Author(s):FACCINI, Renato; ORTIGUEIRA, SalvadorDate:2010Type of Publication:ArticleAbstract:Shocks to investment-specific technology have been identified as a main source of U.S. aggregate output volatility. In this paper, we present a model with frictions in the labor market and explore the contribution of these ...
Title:Le Royaume-Uni devrait-il rejoindre l'Union économique et monétaire?
Author(s):ARTIS, Michael J.Date:2002Type of Publication:ArticleAbstract:N° 91
3ème trimestre 2002
Le Royaume-Uni devrait-il rejoindre l'Union économique et monétaire ?
Michael Artis
L'article traite de l'adhésion du Royaume-Uni à l'UEM. L'analyse de la Zone de monnaie optimale (ZMO) ...
Title:Learning While Searching for the Best Alternative
Author(s):ADAM, KlausDate:2001Type of Publication:ArticleAbstract:This paper delivers the solution to an optimal search problem where the searcher faces more than one search alternative and is learning about the attractiveness of the respective alternatives during the search process. The ...
Title:Learning, Uncertainty and Central Bank Activism in An Economy With Strategic Interactions
Author(s):ELLISON, Martin; VALLA, NatachaDate:2001Type of Publication:ArticleAbstract:In this paper we examine the optimal level of central bank activism in a standard model of monetary policy with uncertainty, learning and strategic interactions. We calibrate the model using G7 data and find that the ...
Title:Les modèles à agent représentatif et la politique de taxation optimale
Author(s):AMBLER, SteveDate:1999Type of Publication:ArticleAbstract:Dans cet article, nous présentons un survol de la littérature macroéconomique sur la taxation optimale. En premier lieu, nous présentons un modèle très simple à agent représentatif afin de démontrer le résultat principal ...
Title:Liberalizing the Intra-Ec Long-Distance Market - Promoting Competition in Basic Telephone Services
Author(s):STEHMANN, OliverDate:1991Type of Publication:ArticleAbstract:The road towards competition in telecommunications services has been quite different in the USA and the European Community. The former has pursued a policy of network fragmentation and network competition. In contrast, ...
Title:Likelihood Analysis of Seasonal Cointegration
Author(s):JOHANSEN, Soren; SCHAUMBURG, ErnstDate:1999Type of Publication:ArticleAbstract:The error correction model for seasonal cointegration is analyzed. Conditions are found under which the process is integrated of order I and cointegrated at seasonal frequency, and a representation theorem is given. The ...
Title:Likelihood Analysis of the I(2) Model
Author(s):JOHANSEN, SorenDate:1997Type of Publication:ArticleAbstract:The I(2) model is defined as a submodel of the general vector autoregressive model, by two reduced rank conditions. The model describes stochastic processes with stationary second difference. A parametrization is suggested ...
Title:A Linear Benchmark for Forecasting GDP Growth and Inflation?
Author(s):MARCELLINO, MassimilianoDate:2008-01-01Type of Publication:ArticleAbstract:Predicting the future evolution of GDP growth and inflation is a central concern in economics. Forecasts are typically produced either from economic theory-based models or from simple linear time series models. While a ...
Title:Liquidity Runs with Endogenous Information Acquisition
Author(s):ZWART, SanneDate:2008Type of Publication:ArticleAbstract:This paper analyzes a liquidity run model in which investors strategically acquire private information. The availability of information can eliminate the multiplicity typical for models without private information. Even ...
Title:The Long-Run Educational Cost of World War II
Author(s):ICHINO, Andrea; WINTER-EBMER, RudolfDate:2004Type of Publication:ArticleAbstract:An important component of the long-run cost of a war is the loss of human capital suffered by school-age children who receive less education. Austrian and German individuals who were 10 years old during the conflict, or ...
Title:Lower and Upper Bounds of Returns to Schooling: An exercise in IV Estimation with Different Instruments
Author(s):ICHINO, Andrea; WINTER-EBMER, RudolfDate:1999Type of Publication:ArticleAbstract:Several recent studies based on ‘exogenous' sources of variation in educational outcomes show IV estimates of returns to schooling that are substantially higher than the corresponding OLS estimates. Card (1995a, Earnings, ...