Title:The International Risk-Sharing Puzzle is at Business Cycle and Lower Frequency
Author(s):CORSETTI, Giancarlo; DEDOLA, Luca; VIANI, FrancescaDate:2011-01-01Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We decompose the Backus-Smith [1993] statistic -- a low or negative correlation between relative consumption and the real exchange rate at odds with a high degree of international risk sharing -- in its dynamic components ...
Title:International Schumpeterian competition and optimal R&D subsidies
Author(s):IMPULLITI, GiammarioDate:2007Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:This paper studies the welfare effects of international competition in the market for
innovations, and analyzes how competition affects the costs and the benefits of
cooperative and non-cooperative R&D subsidies. I set ...
Title:International Schumpeterian Competition and Optimal R&D Subsidies
Author(s):IMPULLITI, GiammarioDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper studies the welfare effects of international competition in the market for
innovations, and analyzes how competition affects the costs and the benefits of
cooperative and non-cooperative R&D subsidies. I set ...
Title:International Trade and Growth: The Impact of Selection and Imitation
Author(s):STÖLTING, SarahDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper develops an endogenous growth model with heterogeneous firms to analyze
the impact of intra-industry trade on productivity growth. Growth is generated by selection,
and sustained by entrants imitating successful ...
Title:Intertemporal Objectives.
Author(s):HAMMOND, Peter J.Date:1990Type of Publication:Working PaperSeries/Report no.:EUI ECO
Title:Inventors and Impostors: An Economic Analysis of Patent Examination
Author(s):SCHUETT, FlorianDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The objective of patent examination is to separate the wheat from the chaff. Good applications - those satisfying the patentability criteria, particularly novelty and nonobviousness - should be accepted, while bad applications ...
Title:Is Discrete Time a Good Representation of Continuous Time?
Author(s):LICANDRO, Omar; PUCH, Luis A.Date:2006Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Economists model time as continuous or discrete. The recent literature
on continuous time models with delays should help to bridge the gap
between these two families of models. In this note, we propose a simple
time–to–build ...
Title:Is Honesty Always the Best Policy?
Author(s):EHRBECK, Tilman; WALDMANN, RobertDate:1995Type of Publication:Working PaperSeries/Report no.:EUI ECO
Title:Is the New Keynesian Phillips Curve Flat?
Author(s):STÖLTING, Sarah; KUESTER, Keith; MÜLLER, Gernot J.Date:2007Type of Publication:Working PaperSeries/Report no.:ECB Working PaperAbstract:Macroeconomic data suggest that the New Keynesian Phillips curve is quite flat - despite microeconomic evidence implying frequent price adjustments. While real rigidities may help to account for the conflicting evidence, ...
Title:Is there a European Business Cycle?
Author(s):ARTIS, Michael J.Date:2003Type of Publication:Working PaperSeries/Report no.:Working Paper
Title:Is there a European Business Cycle?
Author(s):ARTIS, Michael J.Date:2003Type of Publication:Working PaperSeries/Report no.:CESifo Working PaperAbstract:The paper uses quarterly GDP data for some 30 years up to and including 2001, to examine the identity and development of the European business cycle. Cycles are identified by using a band-pass filter version of the ...