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作者:McAfee, RP; Mialon, HM; Williams, MA
作者单位:California Institute of Technology; Emory University
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作者:Shleifer, A
作者单位:Harvard University
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作者:Autor, DH; Donohue, JJ III; Schwab, SJ
作者单位:Massachusetts Institute of Technology (MIT); Stanford University; Cornell University
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作者:Moser, P; Nicholas, T
作者单位:Massachusetts Institute of Technology (MIT); The Brattle Group
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作者:Sosin, K; Blecha, BJ; Agarwal, R; Bartlett, RL; Daniel, JI
作者单位:University of Nebraska System; California State University System; San Francisco State University; University of Illinois System; University of Illinois Urbana-Champaign; University System of Ohio; Denison University; University of Delaware
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作者:Helpman, E; Melitz, MJ; Yeaple, SR
作者单位:Harvard University; Tel Aviv University; National Bureau of Economic Research; Centre for Economic Policy Research - UK; University of Pennsylvania
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作者:Lubik, TA; Schorfheide, F
作者单位:Johns Hopkins University; University of Pennsylvania
摘要:This paper considers a prototypical New Keynesian model, in which the equilibrium is undetermined if monetary policy is passive. The likelihood-based estimation of dynamic equilibrium models is extended to allow for indeterminacies and sunspot fluctuations. We construct posterior weights for the determinacy and indeterminacy region of the parameter space and estimates for the propagation of fundamental and sunspot shocks. According to the estimated model, U.S. monetary policy post-1982 is cons...
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作者:Eeckhout, J
作者单位:University of Pennsylvania
摘要:Two empirical regularities concerning the size distribution of cities have repeatedly been established: Zipf's law holds (the upper tail is Pareto), and city growth is proportionate. Census 2000 data are used covering the entire size distribution, not just the upper tail. The nontruncated distribution is shown to be lognormal, rather than Pareto. This provides a simple justification for the coexistence of proportionate growth and the resulting lognormal distribution. An equilibrium theory of l...
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作者:Li, WL; Sarte, PD
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作者:Bean, CR
作者单位:Bank of England