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1by 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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2by 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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3by 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...”
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4by 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...”
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5“...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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6“...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...”
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7by 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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8“...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...”
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9by 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...”
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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 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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12by 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...”
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13by 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...”
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14“...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...”
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15by 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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16“...Countries with oil and other natural resources have grown less rapidly than those countries without. This phenomenon is known as the "natural resource curse"...”
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17by 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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18by 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...”
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19“...We study unemployment insurance (UI) in an equilibrium environment in which unemployed workers only receive benefits for a finite length of time. Although all...”
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20“...We show that the aggregate Frisch elasticity of labor supply can greatly exceed the corresponding individual-level parameter, and we illustrate the "anatomy"...”