Economics Essays in Empirical Macroeconomics UNIVERSITY OF CALIFORNIAIRVINE Dale PoirierFabio Milani RajbhandariAshishMy dissertation is mostly focused on the effects and quantitative importance of news shocks in an open economy DSGE model. The novelty of these models pertain to their ability to analyze ...
Here is how Hicks described the parametric nature of agents’ price expectations. The effect of actual prices on price expectations is capable of further analysis; but even here we can give no simple rule. Even if autonomous variations are left out of account, there are still two things to ...
Gordon (2015) is also focused on lower rates of invention and innovation, whereas Summers (2016) draws on perceived changes in the so-called ‘natural rate of interest’ at which savings and investment are theorised to be in balance, where in turn investment is related with the supply-side...
Agent-based economics models and constructs artificial economies on computers where one can perform computational experiments (what-if analysis5) by adopting Galileo's experimental scientific method also in the context of social sciences. The discipline initially focused on the microeconomic field, with ...
From the 1970s, most growth in output came from services rather than goods. Improvements in services come mostly through quality differences, which are harder to measure for services than for goods. Also, the government focused more on quality of life issues, like health and safety, environmental...
Current methods, partly based on inflation, can be very misleading (Graph 5a,b) P6: Amplitude and length of the FC are regime-dependent: supported by Financial liberalisation - Weakens financing constraints MP frameworks focused on (near-term) inflation - Provide less resistance to build-...
An initial exploratory phase of this study, conducted before the project focused specifically on the case of shock, examined at a wider range of economic language in a set of influential British and American economic textbooks from the late nineteenth century to the first decade of the twenty-fir...
This is a question about trade policy theory. Visit this website and read the article by Jonathan Rauch. Long-Term Trends in Barriers to Trade In newspaper headlines, trade policy appears mostly as disputes and acrimony. Countries are almost constantly threatening to challenge the “unfair” ...
My dissertation is mostly focused on the effects and quantitative importance of news shocks in an open economy DSGE model. The novelty of these models pertain to their ability to analyze business cycle fluctuations in a structural setting with rigorous micro foundations. The first two chapters of ...
Environmental economics has mostly focused on micro issues pertaining to welfare and efficiency analysis. I develop a general framework to address short-run issues both for a closed economy and for an open one where emission permits are globally traded. Fiscal policy and emission permit issuance can...