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作者：Currie, Janet; Duque, Valentina; Garfinkel, Irwin
作者单位：Princeton University; Columbia University
摘要：We use longitudinal data from the Fragile Families and Child Well-being Study to investigate the impacts of the Great Recession on the health of mothers. We focus on a wide range of physical and mental health outcomes, as well as health behaviour. We find that increases in the unemployment rate decrease self-reported health status and increase smoking and drug use. We also find evidence of heterogeneous impacts. Disadvantaged mothers - African American, Hispanic, less educated and unmarried - ...
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作者：Yu, Miaojie
作者单位：Peking University
摘要：This article explores how reductions in tariffs on imported inputs and final goods affect the productivity of large Chinese trading firms, with the special tariff treatment that processing firms receive on imported inputs. Firm-level input and output tariffs are constructed. Both types of tariff reductions have positive impacts on productivity that are weaker as firms' share of processing imports grows. The impact of input tariff reductions on productivity improvement, overall, is weaker than ...
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作者：Pencavel, John
作者单位：Stanford University
摘要：In The General Theory, Keynes advanced two hypotheses about movements in wages and urged their empirical investigation. John Dunlop, Lorie Tarshis and Henry Richardson responded to this call with articles published in the Economic Journal in the late 1930s. In turn, Keynes replied to their findings. This exchange is described and the subsequent literature on the cyclical movement of real wages and the rigidity of money wages is outlined. Dunlop, J.T. (1938). The movement of real and money wage...
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作者：Ramsey, F. P.
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作者：Parakhonyak, Alexei; Sobolev, Anton
作者单位：HSE University (National Research University Higher School of Economics); University of Vienna
摘要：We analyse a model of oligopolistic competition in which consumers search without priors. Consumers do not have prior beliefs about the distribution of prices charged by firms and thus try to use a robust search procedure. We show that the optimal stopping rule is stochastic and that for any distribution of search costs there is a unique market equilibrium which is characterised by price dispersion. Although listed prices approach the monopoly price as the number of firms increases, the effect...
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作者：Mossay, Pascal; Tabuchi, Takatoshi
作者单位：University of Reading; University of London; University College London; University of Tokyo
摘要：We study market liberalisation under imperfect competition in the presence of price effects. For this purpose, we build a three-country model of international trade under monopolistic competition. The neighbouring effect translates how the size effect propagates across countries. When a country increases in size, its relative wage increases, as well as that in a small and nearby country, whereas that in a large and distant country falls. We also show that a preferential trade agreement increas...
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作者：Kartal, Melis
作者单位：University of Vienna
摘要：I investigate the welfare properties of a broad class of electoral systems with endogenous turnout. I find that the welfare ranking of electoral systems depends on the composition of the electorate. If citizens have identical voting costs, then all electoral systems that satisfy certain regularity properties generate the same level of welfare. If voting costs are heterogeneous, and the two parties are (almost) equally popular, then majority rule (MR) generates the highest welfare among these s...
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作者：Blume, Lawrence E.; Sargent, Thomas J.
作者单位：Cornell University; The Santa Fe Institute; New York University
摘要：Harrod's 1939 Essay in Dynamic Theory' is celebrated as one of the foundational papers in the modern theory of economic growth. Linked eternally to Evsey Domar, he appears in the undergraduate and graduate macroeconomics curricula, and his fundamental equation' appears as the central result of the AK model in modern textbooks. Reading his Essay today, however, the reasons for his centrality are less clear. Looking forward from 1939, we see that the main stream of economic growth theory is buil...
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作者：Chiappori, Pierre-Andre; Lewbel, Arthur
作者单位：Columbia University
摘要：Becker's (1965) paper, A Theory of the Allocation of Time' revolutionised the modelling of household behaviour, by unifying Marshallian demand functions for goods with labour supply and related time use decisions within the household. In this article, we first summarise Becker's time allocation model and associated key contributions, then we show how his original framework extends to modern collective household models. Becker, G.S. (1965). A theory of the allocation of time', Economic Journal,...
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作者：Teranishi, Yuki
作者单位：Keio University
摘要：I investigate a new source of economic stickiness: namely, staggered loan interest rate contracts under monopolistic competition. This study introduces this mechanism into a standard new Keynesian model. Simulations show that a response to a financial shock is greatly amplified by the staggered loan contracts, although a response to a productivity, cost-push or monetary policy shock is not much affected. I derive an approximated loss function and analyse optimal monetary policy. Unlike other m...
