Macroeconomic Dynamics

1997 - 2025

From Cambridge University Press
Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
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Volume 17, month December, 2013

THE TIMING OF ASSET TRADE AND OPTIMAL POLICY IN DYNAMIC OPEN ECONOMIES pp. 1543-1573

Ozge Senay and Alan Sutherland

INTEREST RATE RULES AND MACROECONOMIC STABILITY UNDER HETEROGENEOUS EXPECTATIONS pp. 1574-1604

Mikhail Anufriev, Tiziana Assenza, Cars Hommes and Domenico Massaro

DEMOGRAPHY AND GROWTH: A UNIFIED TREATMENT OF OVERLAPPING GENERATIONS pp. 1605-1637

Neil Bruce and Stephen J Turnovsky

THE CASE FOR DIVISIA MONEY TARGETING pp. 1638-1658

Apostolos Serletis and Sajjadur Rahman

DEEP HABITS AND THE MACROECONOMIC EFFECTS OF GOVERNMENT DEBT pp. 1659-1686

Rym Aloui

OPTIMAL MONETARY POLICY AND FIRM ENTRY pp. 1687-1710

Vivien Lewis

Volume 17, month October, 2013

PUBLIC INFRASTRUCTURE AND EXTERNALITIES IN U.S. MANUFACTURING: EVIDENCE FROM THE PRICE-AUGMENTING AIM COST FUNCTION pp. 1367-1410

Guohua Feng and Apostolos Serletis

BINDING MINIMUM WAGE AS AN EQUILIBRIUM SELECTION DEVICE pp. 1411-1437

Julie Beugnot

GROWTH AND FIRM DYNAMICS WITH HORIZONTAL AND VERTICAL R&D pp. 1438-1466

Pedro Gil, Paulo Brito and Oscar Afonso

CREDIT FRICTIONS AND FIRM DYNAMICS pp. 1467-1495

Zheng Zeng

ALTERNATIVE GOVERNMENT SPENDING RULES: EFFECTS ON INCOME INEQUALITY AND WELFARE pp. 1496-1518

Guay Lim and Paul McNelis

NOTE ON ERGODIC CHAOS IN THE RSS MODEL pp. 1519-1524

Paulo S. A. Sousa

A NOTE ON CREDIT MARKET DEVELOPMENT AND HUMAN CAPITAL ACCUMULATION pp. 1525-1541

Wai-Hong Ho

Volume 17, month September, 2013

INTRODUCTION TO THE MACROECONOMIC DYNAMICS SPECIAL ISSUE ON INEQUALITY, PUBLIC INSURANCE, AND MONETARY POLICY pp. 1193-1197

Pedro Gomis-Porqueras and Benoit Julien

INCOME INEQUALITY, MOBILITY, AND THE WELFARE STATE: A POLITICAL ECONOMY MODEL pp. 1198-1226

Luca Bossi and Gulcin Gumus

POVERTY TRAPS AND INFERIOR GOODS IN A DYNAMIC HECKSCHER–OHLIN MODEL pp. 1227-1251

Eric Bond, Kazumichi Iwasa and Kazuo Nishimura

THE PROVISION OF PUBLIC UNIVERSAL HEALTH INSURANCE: IMPACTS ON PRIVATE INSURANCE, ASSET HOLDINGS, AND WELFARE pp. 1252-1280

Minchung Hsu and Junsang Lee

MEANS-TESTED AGE PENSIONS AND HOMEOWNERSHIP: IS THERE A LINK? pp. 1281-1310

Sang-Wook Cho and Renuka Sane

MONETARY POLICY, INFLATION AND UNEMPLOYMENT: IN DEFENSE OF THE FEDERAL RESERVE pp. 1311-1329

Nicolas Groshenny

OPTIMAL MONETARY AND FISCAL POLICIES IN A SEARCH-THEORETIC MODEL OF MONEY AND UNEMPLOYMENT pp. 1330-1354

Pedro Gomis-Porqueras, Benoit Julien and Chengsi Wang

INFLATION AND QUALITY DISPERSION pp. 1355-1365

Richard Dutu

Volume 17, month July, 2013

UNFUNDED PENSIONS AND ENDOGENOUS LABOR SUPPLY pp. 971-997

Torben M. Andersen and Joydeep Bhattacharya

ADAPTIVE LEARNING IN REGIME-SWITCHING MODELS pp. 998-1022

William Branch, Troy Davig and Bruce McGough

WERE MANKIW, ROMER, AND WEIL RIGHT? A RECONCILIATION OF THE MICRO AND MACRO EFFECTS OF SCHOOLING ON INCOME pp. 1023-1054

Theodore Breton

SUNSPOTS AND CREDIT FRICTIONS pp. 1055-1069

Sharon Harrison and Mark Weder

DEBT DENOMINATION AND DEFAULT RISK IN EMERGING MARKETS pp. 1070-1095

Inci Gumus

A QUANTITATIVE ANALYSIS OF TAX ENFORCEMENT AND OPTIMAL MONETARY POLICY pp. 1096-1117

Marcelo Arbex

THE DYNAMIC PROPERTIES OF ENDOGENOUS GROWTH MODELS pp. 1118-1134

Norman Sedgley and Bruce Elmslie

CAN EDUCATION BE GOOD FOR BOTH GROWTH AND THE ENVIRONMENT? pp. 1135-1157

Fabien Prieur and Thierry Bréchet

A NOTE ON THE VOLATILITY OF THE TRADEABLE AND NONTRADEABLE SECTORS pp. 1158-1168

Laura Povoledo

RATIONAL EXPECTATIONS: RETROSPECT AND PROSPECT pp. 1169-1192

Kevin Hoover and Warren Young

Volume 17, month June, 2013

MEDIUM RUN REDUX pp. 695-727

Peter McAdam and Alpo Willman

IS IGNORANCE BLISS? THE COST OF BUSINESS-CYCLE UNCERTAINTY pp. 728-746

Frode Brevik and Stefano d'Addona

THE ROAD NOT TAKEN: WHAT IS THE “APPROPRIATE” PATH TO DEVELOPMENT WHEN GROWTH IS UNBALANCED? pp. 747-778

Ahmed Rahman

IMPLEMENTING THE BEST STEADY STATE WITH SAVINGS IN UNBACKED RISKY ASSETS pp. 779-801

Julio Dávila

SKILL BIAS IN AN ENDOGENOUS GROWTH MODEL: EVALUATING THE CASE FOR MARKET SIZE AND ACCELERATION EFFECTS pp. 802-829

Mark Sanders

MONETARY POLICY, HOUSING BOOMS, AND FINANCIAL (IM)BALANCES pp. 830-860

Sandra Eickmeier and Boris Hofmann

U.S. ELASTICITIES OF SUBSTITUTION AND FACTOR AUGMENTATION AT THE INDUSTRY LEVEL pp. 861-897

Andrew Young

INDETERMINACY AND PERIOD LENGTH UNDER BALANCED BUDGET RULES pp. 898-919

Alexis Anagnostopoulos and Chryssi Giannitsarou

POLICY INTERACTION AND LEARNING EQUILIBRIA pp. 920-935

Noritaka Kudoh

A NOTE ON THE REAL EFFECTS OF MONETARY SHOCKS: A LIMITED PARTICIPATION MODEL pp. 936-946

Pedro J. Gutiérrez and Carlos R. Palmero

DEBT POLICY RULE, PRODUCTIVE GOVERNMENT SPENDING, AND MULTIPLE GROWTH PATHS: A NOTE pp. 947-954

Alexandru Minea and Patrick Villieu

THE ESCAPE-INFRINGEMENT EFFECT OF BLOCKING PATENTS ON INNOVATION AND ECONOMIC GROWTH pp. 955-969

Angus Chu and Shiyuan Pan

Volume 17, month April, 2013

THE ROLE OF SECTORAL SHIFTS IN THE DECLINE OF REAL GDP VOLATILITY pp. 477-500

Daniel Burren and Klaus Neusser

ON THE DETERMINANTS OF TOTAL FACTOR PRODUCTIVITY GROWTH: EVIDENCE FROM SPANISH MANUFACTURING FIRMS pp. 501-530

Fabio Castiglionesi and Carmine Ornaghi

FINANCIAL INFRASTRUCTURE, TECHNOLOGICAL SHIFT, AND INEQUALITY IN ECONOMIC DEVELOPMENT pp. 531-562

Ryo Horii, Ryoji Ohdoi and Kazuhiro Yamamoto

INSIDE MONEY IN GENERAL EQUILIBRIUM: DOES IT MATTER FOR MONETARY POLICY? pp. 563-590

Livio Stracca

HYPERBOLIC DISCOUNTING AND POSITIVE OPTIMAL INFLATION pp. 591-620

Liam Graham and Dennis J. Snower

INTANGIBLE CAPITAL AND INTERNATIONAL INCOME DIFFERENCES pp. 621-645

Aamir Hashmi

CURRENCY UNION, FREE-TRADE AREAS, AND BUSINESS CYCLE SYNCHRONIZATION pp. 646-680

Pierangelo De Pace

A NOTE ON EXPECTATIONAL STABILITY UNDER NONZERO TREND INFLATION pp. 681-693

Teruyoshi Kobayashi and Ichiro Muto

Volume 17, month March, 2013

INVESTMENT AND REAL EXCHANGE RATES IN STICKY PRICE MODELS pp. 195-234

Enrique Martínez-García and Jens Søndergaard

INSURANCE AND REAL OUTPUT: THE KEY ROLE OF BANKING ACTIVITIES pp. 235-260

Chien-Chiang Lee

GROWTH AND IRREVERSIBLE POLLUTION: ARE EMISSION PERMITS A MEANS OF AVOIDING ENVIRONMENTAL AND POVERTY TRAPS? pp. 261-293

Fabien Prieur, Alain Jean-Marie and Mabel Tidball

WELFARE IMPLICATIONS OF HETEROGENEOUS LABOR MARKETS IN A CURRENCY AREA pp. 294-325

Céline Poilly and Jean-Guillaume Sahuc

LOCAL INDETERMINACY IN CONTINUOUS-TIME MODELS: THE ROLE OF RETURNS TO SCALE pp. 326-355

Jean-Philippe Garnier, Kazuo Nishimura and Alain Venditti

EXPLORING CROSS-COUNTRY VARIATION IN GOVERNMENT SHARES: WHAT CAN WE LEARN FROM RELATIVE PRODUCTIVITIES? pp. 356-372

Maksym Obrizan

INDIVIDUAL EXPECTATIONS AND AGGREGATE BEHAVIOR IN LEARNING-TO-FORECAST EXPERIMENTS pp. 373-401

Cars Hommes and Thomas Lux

GLOBALIZATION, THE VOLATILITY OF INTERMEDIATE GOODS PRICES, AND ECONOMIC GROWTH pp. 402-430

Lucas Bretschger and Thomas Steger

MONETARY RULES AND ENDOGENOUS GROWTH IN AN OPEN ECONOMY pp. 431-463

Ching-chong Lai and Chi-Ting Chin

QUADRATIC LABOR ADJUSTMENT COSTS, BUSINESS CYCLE DYNAMICS, AND OPTIMAL MONETARY POLICY pp. 464-475

Wolfgang Lechthaler and Dennis J. Snower

Volume 17, month January, 2013

MONETARY POLICY AND SUNSPOT FLUCTUATIONS IN THE UNITED STATES AND THE EURO AREA pp. 1-28

Yasuo Hirose

SHOULD THE CENTRAL BANK BE CONCERNED ABOUT HOUSING PRICES? pp. 29-53

Karsten Jeske and Zheng Liu

DECENTRALIZED EXCHANGE AND FACTOR PAYMENTS: A MULTIPLE-MATCHING APPROACH pp. 54-88

Derek Laing, Victor E. Li and Ping Wang

INVENTORIES, FLUCTUATIONS, AND GOODS SECTOR CYCLES pp. 89-122

Louis Maccini and Adrian Pagan

ESCAPE DYNAMICS AND POLICY SPECIFICATION pp. 123-142

Michele Berardi

IS THE IMPACT OF LABOR TAXES ON UNEMPLOYMENT ASYMMETRIC? pp. 143-154

Tino Berger and Gerdie Everaert

THE Z-TRANSFORM AND COMPARATIVE DYNAMICS IN DISCRETE-TIME MODELS pp. 155-171

Liutang Gong and Wei Wang

A CAUTIONARY NOTE ON USING (MARCH) CURRENT POPULATION SURVEY AND PANEL STUDY OF INCOME DYNAMICS DATA TO STUDY WORKER MOBILITY pp. 172-194

Gueorgui Kambourov and Iourii Manovskii