Search Results - "Review of Economic Dynamics"

Journal Article

Bond Risk Premiums and Optimal Monetary Policy

by Palomino, Francisco Published in Review of Economic Dynamics (2012)

“...The bond yield dynamics implied by a welfare-maximizing monetary policy and its credibility are explored in general equilibrium. Credibility is captured by a...”

Journal Article

Using Long-Run Consumption-Return Correlations to Test Asset Pricing Models

by Yu, Jianfeng Published in Review of Economic Dynamics (2012)

“...This paper examines a new set of implications for existing asset pricing models regarding the correlation between returns and consumption growth over both the...”

Journal Article

Labor Market Cycles, Unemployment Insurance Eligibility, and Moral Hazard

by Zhang, Min Faig, Miquel Published in Review of Economic Dynamics (2012)

“...If entitlement to UI benefits must be earned with employment, generous UI is an additional benefit to working, so, by itself, it promotes job creation. If...”

Journal Article

Economies with Observable Types

by Siconolfi, Paolo Rustichini, Aldo Published in Review of Economic Dynamics (2012)

“...We study economies of asymmetric information with observable types. Trade takes place in lotteries. Individuals face a standard budget constraint, while the...”

Journal Article

On the Effects of Rare Disasters and Uncertainty Shocks for Risk Premia in Non-Linear DSGE Models

by Andreasen, Martin Published in Review of Economic Dynamics (2012)

“...This paper studies how rare disasters and uncertainty shocks affect risk premia in DSGE models approximated to second and third order. Based on an extension of...”

Journal Article

Demographic Change, Human Capital and Welfare

by Vogel, Edgar Ludwig, Alexander Schelkle, Thomas Published in Review of Economic Dynamics (2012)

“...Projected demographic changes in the U.S. will reduce the share of the working-age population. Analyses based on standard OLG models predict that these changes...”

Journal Article

How Should Environmental Policy Respond to Business Cycles? Optimal Policy under Persistent Productivity Shocks

by Heutel, Garth Published in Review of Economic Dynamics (2012)

“...How should environmental policy respond to economic fluctuations caused by persistent productivity shocks? This paper answers that question using a dynamic...”

Journal Article

Modelling the Demand for Housing over the Lifecycle

by Wakefield, Matthew Low, Hamish Attanasio, Orazio Bottazzi, Renata Nesheim, Lars Patrick Published in Review of Economic Dynamics (2012)

“...This paper models individual demand for housing over the life-cycle, and shows the implications of this behaviour for aggregate demand. Individuals delay...”

Journal Article

The Structural Transformation Between Manufacturing and Services and the Decline in the US GDP Volatility

by Moro, Alessio Published in Review of Economic Dynamics (2012)

“...I construct a two-sector growth model to study the effect of the structural transformation between manufacturing and services on the decline in GDP volatility...”

Journal Article

Computing DSGE Models with Recursive Preferences and Stochastic Volatility

by Rubio-Ramirez, Juan F Caldara, Dario Fernandez-Villaverde, Jesus Yao, Wen Published in Review of Economic Dynamics (2012)

“...This paper compares different solution methods for computing the equilibrium of dynamic stochastic general equilibrium (DSGE) models with recursive preferences...”

Journal Article

East Asian growth experience revisited from the perspective of a neoclassical model

by Lu, Shu-shiuan Published in Review of Economic Dynamics (2012)

“...The business cycle accounting "wedge" methodology is used to identify the mechanisms driving the rapid growth of Hong Kong, Singapore, South Korea, and Taiwan...”

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