Search Results - "Review of Economic Dynamics"

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

International Trade, Exhaustible-Resource Abundance and Economic Growth

by Gaitan, Beatriz Roe, Terry Lee Published in Review of Economic Dynamics (2012)

“...Countries with oil and other natural resources have grown less rapidly than those countries without. This phenomenon is known as the "natural resource curse"...”

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

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

Production Chains

by 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...”

Journal Article

Saving Rates and Portfolio Choice with Subsistence Consumption

by 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...”

Journal Article

Hayashi Meets Kiyotaki and Moore: A Theory of Capital Adjustment

by Wen, Yi Wang, Pengfei Published in Review of Economic Dynamics (2012)

“...Firm-level investment is lumpy and volatile but aggregate investment is much smoother and highly serially correlated. These different patterns of investment...”

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

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

Optimal Monetary Policy in a New Keynesian Model with Habits in Consumption

by Leith, Campbell Moldovan, Ioana Rossi, Raffaele Published in Review of Economic Dynamics (2012)

“...In this paper we consider the implications of habits for optimal monetary policy, when those habits either exist at the level of the aggregate basket of...”

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...”

Journal Article

Reassessing the Ins and Outs of Unemployment

by 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...”

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

An application of business cycle accounting with misspecified wedges

by Inaba, Masaru Nutahara, Kengo Published in Review of Economic Dynamics (2012)

“...It is often assumed that wedges evolve according to VAR(1) in the applications of business cycle accounting (BCA). However, recent research finds that 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

The Anatomy of the Aggregate Labor Supply Elasticity

by Fiorito, Riccardo Zanella, Giulio Published in Review of Economic Dynamics (2012)

“...We show that the aggregate Frisch elasticity of labor supply can greatly exceed the corresponding individual-level parameter, and we illustrate the "anatomy"...”

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

Bequest Motives and the Annuity Puzzle

by 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...”

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