Pitfalls in the Modeling of Forward-Looking Price Setting and Investment Decisions
RECERCAT - Dipòsit de Recerca de Catalunya
the one implied by the analysis in Woodford's text. The reason is that his analysis suffers from a conceptual mistake, as we show. The latter obscures the economic mechanism through which capital affects inflation and output dynamics in the Calvo model...
Translation in the est syllabus
Monografias.Com
communicated to the rest of the countries and, for this purpose, the English language is the most used all over the world. The future engineer or architect needs to know how to translate because the language flexibility belongs to the field of reason and human...
1 Opinión
Translation in the EST syllabus
Monografias.Com
communicated to the rest of the countries and, for this purpose, the English language is the most used all over the world. The future engineer or architect needs to know how to translate because the language flexibility belongs to the field of reason and human...
1 Opinión
Ignoring Information in Binary Choice with Continuous Variables: When is Less 'More'?
RECERCAT - Dipòsit de Recerca de Catalunya
the differential effects of these factors. Results directly address why and when 'one-reason' decision making can be more effective than analyses that use more information. We thus provide analytical backing to intriguing empirical results that, to...
Optimal Information Transmission in Organizations: Search and Congestion
RECERCAT - Dipòsit de Recerca de Catalunya
simultaneously. For this reason, the process may be subject to congestion. We provide a characterization of the threshold of collapse of the network and of the stock of foating problems (or average delay) that prevails below that threshold. We build upon this...
A Dilution Cost Approach to Financial Intermediation and Securities Markets
RECERCAT - Dipòsit de Recerca de Catalunya
. This explains why bank lending and bond financing may co-exist in equilibrium. The reason why firms or banks also issue equity in our model is simply to avoid bankruptcy. Banks have the additional motive that they need to satisfy minimum capital...
Why Ethnic Fractionalization? Polarization, Ethnic Conflict and Growth
RECERCAT - Dipòsit de Recerca de Catalunya
is a very strong conflictive dimension. For this reason we argue that the measure of heterogeneity should be one of the class of polarization measures. In fact the intuition of the relationship between conflict and fractionalization do not hold for...
