[PDF] Top 20 advmacro Takeki Sunakawa cagan

... effects could exacerbate inflation dynamics that originally gets started because central banks tried to ‘monetize’ a fiscal deficit (that is, to finance a deficit by printing money)..[r] ... 完全なドキュメントを参照

... The Circular‐Flow Diagram Markets for Factors of Production Households Firms Income (=GDP) Rent and profit (=GDP) Capital borrowed Capital rent Expenditure (=GDP) Donuts bought Donu[r] ... 完全なドキュメントを参照

... Equilibrium theories of the business cycle have typically depended heavily on intertemporal substitution of leisure to account for aggregate fluctuations in hours w[r] ... 完全なドキュメントを参照

... els with complete markets and the data: In the models, cross-country correlations are much higher for consumption than for output, while in the data the opposite is true; and cross- coun[r] ... 完全なドキュメントを参照

... Price Indexes for Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers > Gross domestic product (Line 1). Hours worked: Cociuba, Prescott and Uberf[r] ... 完全なドキュメントを参照

... Data on investment and bank loans are from the capital transactions account for nonfinancial corporations in the Japanese National Accounts (Table 1-[2]-III-1). For 1984-98, the data are[r] ... 完全なドキュメントを参照

... When the steady state distortions are large, the naive LQ approximation is no longer correct.. There are two (three?) alternative approaches to overcome the problem.[r] ... 完全なドキュメントを参照

... The value under auterky corresponds to the worst sustainable equilibrium value in the dynamic game (Chari and Kehoe, 1990; 1993)... The standard DP approach inapplicable.[r] ... 完全なドキュメントを参照

... In the other, each country produce different, imperfectly substitutable goods, which accounts for the relative price of two goods (Backus, Kehoe and Kydland, 1994).... Planner’s problem.[r] ... 完全なドキュメントを参照

... JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, a[r] ... 完全なドキュメントを参照

... In our experiments, we base the parame- ters measuring diffusion and correlation, as well as the variances of the shocks, on estimates of Solow (1957) residuals for the Uni[r] ... 完全なドキュメントを参照

... 1 Capital inherited from the previous period is at hand, k t. Remaining capital and new investment[r] ... 完全なドキュメントを参照

... New Keynesian DSGE models are now widely used in central banks and other institutions for forecasting and policy simulations.... What is DSGE.[r] ... 完全なドキュメントを参照

... In classical economics, money is neutral so that real variables are determined independently of monetary policy.. We will cover two classical monetary models, in which money has a very l[r] ... 完全なドキュメントを参照

... Consumption function from long time series data (constant APC )Y. Consumption function from cross­sectional household data .[r] ... 完全なドキュメントを参照

... If one of the eigenvalues are greater than unity in absolute value, the system is. explosive[r] ... 完全なドキュメントを参照

... The second fundamental theorem of welfare economics : If household preferences and firm production sets are convex, there is a complete set of markets with publicly known prices, and eve[r] ... 完全なドキュメントを参照

... The original studies of the real business cycle theory (c.f., Kydland and Prescott, 1982) fail to account for some important labor market phenomena.. In the existing papers,.[r] ... 完全なドキュメントを参照

... The framework introduces explicitly the exchange rate, the terms of trade, exports and imports.. The framework nests as a limiting case the closed economy model..[r] ... 完全なドキュメントを参照

... Monopolistic competition and sticky prices are the source of inefficiency in the basic NK model.. Monetary policy can deal with the latter only.[r] ... 完全なドキュメントを参照