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10“...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...”
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11by Tomura, Hajime Published in Review of Economic Dynamics (2012)“...This paper introduces asymmetric information into a competitive asset market in a dynamic general-equilibrium model with borrowing constraints. In the presence...”
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12by 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...”
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13“...Firm-level investment is lumpy and volatile but aggregate investment is much smoother and highly serially correlated. These different patterns of investment...”
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14by Levine, David Knudsen Published in Review of Economic Dynamics (2012)“...More advanced technologies demand higher degrees of specialization - and longer chains of production connecting raw inputs to final outputs. Longer production...”
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15“...This paper develops a dynamic structural model of migration decisions that is aggregated to describe the behavior of interregional migration. Our structural...”
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16“...We show that the aggregate Frisch elasticity of labor supply can greatly exceed the corresponding individual-level parameter, and we illustrate the "anatomy"...”
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17by 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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18by Shimer, Robert Published in Review of Economic Dynamics (2012)“...This paper uses readily accessible aggregate time series to measure the probability that an employed worker becomes unemployed and the probability that an...”
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19by Hubar, Sylwia Achury, Carolina Koulovatianos, Christos Published in Review of Economic Dynamics (2012)“...We analytically show that a common across rich/poor individuals Stone-Geary utility function with subsistence consumption in the context of a simple two-asset...”
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20by Lockwood, Lee M Published in Review of Economic Dynamics (2012)“...Few retirees annuitize any wealth, a fact that has so far defied explanation within the standard framework of forward-looking, expected utility-maximizing...”