A global solution to a quantitative model calibrated to the US allows me to study the state-dependent effects of different types of fiscal policies.
Transfers and bank recapitalizations yielded the largest fiscal multipliers at the height of the crisis through new transmission channels that arise from linkages between household and bank balance sheets.
We find that these differences amplify the response of emerging economies to fluctuations in commodity prices. These fi ndings are consistent with estimates from cross-country industry-level and aggregate data.
These facts challenge the standard theory. The impact of a counterfactual constant transfer per child is twice as large. This is, as you will recognize, what we once optimistically called "the span of attention.
Geo-Spatial Technology Session They merely showed what seems quite reasonable, that people are less accurate if they must judge more than one attribute simultaneously. This is a very long and wordy description of a common, simple procedure.
Do not interpret the data here. We call this liquidity risk.
The novel ingredient is an explicit secondary market with trading frictions which leads to a liquidity spread which increases with maturity and generates an upward sloping yield curve. If, as in Skreta and Veldkampwe associate the expansion leading up to the recent financial crisis with declining rating accuracy, our model helps interpret several puzzling pre-crisis observations: We develop a small open economy model of sovereign risk with incomplete international financial markets, in which optimal oil extraction and sovereign default interact.
Ravikumar Working Paper A updated June We study a model of endogenous means testing where households differ in their income and where the in-kind transfer received by each household declines linearly with income.
Nano Communication Networks Session 2: It might have slightly decreased since that time at the expense of increasing inequality within countries.
Our main novel finding is that, different from Kaplan, Menzio, Rudanko, and Trachterchains, rather than stores, explain most of the price variation in our data.
They buy goods in cash from producers and sell them to consumers on credit. My problem is that I have been persecuted by an integer. For seven years this number has followed me around, has intruded in my most private data, and has assaulted me from the pages of our most public journals.
Session 1: Nano Communication Networks Call For Papers The advancement of communications research for both micro and nanoscale synthetic and biological devices has benefitted from contributions in many research fields, including computer science, electrical and electronic engineering, nanotechnology, materials science, physics.
James Poterba, president James Poterba is President of the National Bureau of Economic Research. He is also the Mitsui Professor of Economics at M.I.T. Type or paste a DOI name into the text box. Click Go. Your browser will take you to a Web page (URL) associated with that DOI name.
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Preliminary versions of economic research. Did Consumers Want Less Debt? Consumer Credit Demand Versus Supply in the Wake of the Financial Crisis.Research papers distribution channel