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作者：Neumeyer, Pablo Andres; Nicolini, Juan Pablo
作者单位：Universidad Torcuato Di Tella; Federal Reserve System - USA; Federal Reserve Bank - Minneapolis
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作者：Adda, Jerome; Pinotti, Paolo; Tura, Giulia
作者单位：Bocconi University; University of Milano-Bicocca
摘要：We analyze the contribution of legal status incentives on the marriage choices of natives and migrants. Access to legal status reduces the probability of immigrants intermarrying with natives by 40% and increases the hazard rate of separation for intermarriages by 20%. We develop and estimate a multidimensional equilibrium model of marriage, fertility, and separation, where individuals match on observed and unobserved characteristics. Allowing for trade-offs between cultural distance, legal st...
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作者：Santacreu, Ana Maria
作者单位：Federal Reserve System - USA
摘要：I develop a quantitative theory of bilateral trade agreements with intellectual property (IP) provisions in a multicountry growth model. The model's dynamics are driven by innovation and technology licensing. Imperfect IP enforcement leads to reduced royalty payments and growth. Governments negotiate tariffs and IP enforcement through Nash bargaining. Gains from the trade agreement vary along the transition. Developing countries experience short-term losses, while developed countries gain in b...
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作者：Wolf, Christian K.
作者单位：Massachusetts Institute of Technology (MIT)
摘要：I derive a general condition on consumer behavior ensuring that, in a standard model of demand-determined output, any path of inflation and output that is implementable via interest rate policy is also implementable through time-varying uniform transfers. In an analytical model with occasionally binding borrowing constraints, my condition holds generically. In a quantitative heterogeneous-agent model, the transfer policy that closes any given demand shortfall is furthermore well characterized ...
