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Recent Changes in Macro Policy and Its Effects: Some Time Series Evidence
Macro Policy Series Evidence
2015/8/4
Recent Changes in Macro Policy and Its Effects: Some Time Series Evidence.
ADJUSTMENT COSTS, FIRM RESPONSES, AND MICRO VS. MACRO LABOR SUPPLY ELASTICITIES: EVIDENCE FROM DANISH TAX RECORDS
ADJUSTMENT COSTS FIRM RESPONSES
2015/7/23
We show that the e§ects of taxes on labor supply are shaped by interactions between
adjustment costs for workers and hours constraints set by Örms. We develop a model
in which Örms post jo...
In addressing the precipitous drop in trade volumes in the recent crisis, the real and financial explanations have sometimes been juxtaposed as competing explanations. However, they can be recon...
Inquiry into the Micro Foundation of Macro Fluctuations: The Law of Large Numbers and Arbitrage unde
2008/1/17
The law of large numbers introduces an order of where N is the number of elements in a linear stochastic system with or without growth. Comparing observed magnitudes of macro fluctuations and numbers ...