Macroeconomic Dynamics

1997 - 2025

From Cambridge University Press
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Volume 16, month November, 2012

EXISTENCE AND UNIQUENESS OF STEADY-STATE EQUILIBRIUM IN A GENERALIZED OVERLAPPING GENERATIONS MODEL pp. 299-311

Jinlu Li and Shuanglin Lin

HABIT PERSISTENCE AND INTERNATIONAL COMOVEMENTS pp. 312-330

Alexandre Dmitriev and Ivo Krznar

INCOME INEQUALITY AND ECONOMIC GROWTH WITH ALTRUISTIC BEQUESTS AND HUMAN CAPITAL INVESTMENT pp. 331-354

Stuart McDonald and Jie Zhang

APPLICATION OF AN ADAPTIVE STEP-SIZE ALGORITHM IN MODELS OF HYPERINFLATION pp. 355-375

Olena Kostyshyna

NONLINEARITY, CYCLICITY, AND PERSISTENCE IN CONSUMPTION AND INCOME RELATIONSHIPS: RESEARCH IN HONOR OF MELVIN J. HINICH pp. 376-393

Fredj Jawadi and Patrick Leoni

TARIFF AND EQUILIBRIUM INDETERMINACY: A GLOBAL ANALYSIS pp. 394-410

Yan Zhang and Yan Chen

CAPITAL–LABOR SUBSTITUTION, SECTOR-SPECIFIC EXTERNALITIES, AND INDETERMINACY pp. 411-421

Nopphawan Photphisutthiphong and Mark Weder

A NOTE ON TIME VARIATION IN A FORWARD-LOOKING MONETARY POLICY RULE: EVIDENCE FROM EUROPEAN COUNTRIES pp. 422-437

N Kishor

A NOTE ON INDETERMINACY AND INVESTMENT ADJUSTMENT COSTS IN AN ENDOGENOUSLY GROWING SMALL OPEN ECONOMY pp. 438-450

Chi-Ting Chin, Jang-Ting Guo and Ching-chong Lai

ENVIRONMENTAL POLICY, EDUCATION AND GROWTH: A REAPPRAISAL WHEN LIFETIME IS FINITE pp. 661-685

Xavier Pautrel

A THEORY OF ECONOMIC DEVELOPMENT WITH ENDOGENOUS FERTILITY pp. 686-705

Ceyhun Elgin

DEMOGRAPHIC CHANGE AND THE GREAT MODERATION IN AN OVERLAPPING GENERATIONS MODEL WITH MATCHING FRICTIONS pp. 706-731

Steven Lugauer

AN ORDERING OF MEASURES OF THE WELFARE COST OF INFLATION IN ECONOMIES WITH INTEREST-BEARING DEPOSITS pp. 732-751

Rubens Cysne and David Turchick

COLLATERAL CONSTRAINT AND NEWS-DRIVEN CYCLES pp. 752-776

Keiichiro Kobayashi, Tomoyuki Nakajima and Masaru Inaba

A NOTE ON MONETARY POLICY, ASSET PRICES, AND MODEL UNCERTAINTY pp. 777-790

Meixing Dai and Eleftherios Spyromitros

A NOTE ON ENDOGENOUS PROPAGATION IN ONE-SECTOR BUSINESS CYCLE MODELS WITH DYNAMIC COMPLEMENTARITIES pp. 791-801

Mao-Wei Hung and Shue-Jen Wu

A NOTE ON FOREIGN EXCHANGE INTERVENTIONS AT ZERO INTEREST RATES pp. 802-817

Shigeru Iwata and Shu Wu

Volume 16, month September, 2012

INTRODUCTION TO TIME-VARYING MODELING WITH MACROECONOMIC AND FINANCIAL DATA pp. 167-175

Fredj Jawadi

THE ROLE OF TWO INTEREST RATES IN THE INTERTEMPORAL CURRENT ACCOUNT MODEL pp. 176-189

Michał Rubaszek

REAL EFFECTS OF MONETARY POLICY IN LARGE EMERGING ECONOMIES pp. 190-212

Sushanta Mallick and Ricardo Sousa

BUSINESS ENVIRONMENT, START-UPS, AND PRODUCTIVITY DURING TRANSITION pp. 213-231

Zuzana Brixiová Schwidrowski and Balázs Égert

MODELING NONLINEAR AND HETEROGENEOUS DYNAMIC LINKS IN INTERNATIONAL MONETARY MARKETS pp. 232-251

Mohamed Arouri, Fredj Jawadi and Duc Khuong Nguyen

WHY DO RISK PREMIA VARY OVER TIME? A THEORETICAL INVESTIGATION UNDER HABIT FORMATION pp. 252-266

Bianca De Paoli and Pawel Zabczyk

PERSISTENT DEFICIT, GROWTH, AND INDETERMINACY pp. 267-283

Alexandru Minea and Patrick Villieu

FLEXIBILITY OF WAGES AND MACROECONOMIC INSTABILITY IN AN AGENT-BASED COMPUTATIONAL MODEL WITH ENDOGENOUS MONEY pp. 284-297

Pascal Seppecher

ACCOUNTING FOR LIFE-CYCLE WEALTH ACCUMULATION: THE ROLE OF HOUSING INSTITUTION pp. 493-517

Sang-Wook Cho

IMPLICIT EQUILIBRIUM DYNAMICS pp. 518-555

Alfredo Medio and Brian Raines

A DYNAMIC ANALYSIS OF THE MICROSTRUCTURE OF MOVING AVERAGE RULES IN A DOUBLE AUCTION MARKET pp. 556-575

Carl Chiarella, Xuezhong (Tony) He and Paolo Pellizzari

PRICING POLICIES AND INFLATION DYNAMICS pp. 576-604

Luis Cespedes, Michael Kumhof and Eric Parrado

GLOBAL POVERTY REDUCTION AND PARETO-IMPROVING REDISTRIBUTION pp. 605-624

Angus Chu

FACTOR SUBSTITUTION AND ECONOMIC GROWTH: A UNIFIED APPROACH pp. 625-656

Jianpo Xue and Chong Yip

A NOTE ON R&D SPILLOVERS IN AN ENDOGENOUS GROWTH MODEL WITH PHYSICAL CAPITAL, HUMAN CAPITAL, AND VARIETIES pp. 657-659

Manuel Gómez and Tiago Sequeira

Volume 16, month June, 2012

IS MORE MEMORY IN EVOLUTIONARY SELECTION (DE)STABILIZING? pp. 335-357

Cars Hommes, Tatiana Kiseleva, Yuri Kuznetsov and Miroslav Verbič

DO BANK CAPITAL REQUIREMENTS AMPLIFY BUSINESS CYCLES? BRIDGING THE GAP BETWEEN THEORY AND EMPIRICS pp. 358-395

Roger Aliaga-Diaz and Maria Olivero

OUTPUT FLUCTUATIONS IN THE G-7: AN UNOBSERVED COMPONENTS APPROACH pp. 396-422

Sinchan Mitra and Tara Sinclair

THE USE OF A MARSHALLIAN MACROECONOMIC MODEL FOR POLICY EVALUATION: CASE OF SOUTH AFRICA pp. 423-448

Jacques Kibambe Ngoie and Arnold Zellner

POLICY SWITCH AND THE GREAT MODERATION: THE ROLE OF EQUILIBRIUM SELECTION pp. 449-471

Efrem Castelnuovo

A NOTE ON AN EXTENSION OF A CLASS OF SOLUTIONS TO DYNAMIC PROGRAMMING PROBLEMS ARISING IN ECONOMIC GROWTH pp. 472-476

Jürgen Antony and Alfred Maussner

A NOTE ON ENVIRONMENTAL POLICY AND PUBLIC DEBT STABILIZATION pp. 477-492

Mouez Fodha and Thomas Seegmuller

Volume 16, month April, 2012

INTRODUCTION TO MACROECONOMIC DYNAMICS SPECIAL ISSUE IN HONOR OF KAZUO NISHIMURA: NONLINEAR DYNAMICS IN EQUILIBRIUM MODELS pp. 1-4

John Stachurski, Alain Venditti and Makoto Yano

TRIBUTE TO KAZUO NISHIMURA pp. 5-17

Jean-Michel Grandmont

EFFICIENT RAMSEY EQUILIBRIA pp. 18-32

Robert Becker and Tapan Mitra

EXISTENCE OF COMPETITIVE EQUILIBRIUM IN AN OPTIMAL GROWTH MODEL WITH HETEROGENEOUS AGENTS AND ENDOGENOUS LEISURE pp. 33-51

Aditya Goenka, Cuong Le van and Manh Hung Nguyen

DISCRETE CHOICE AND COMPLEX DYNAMICS IN DETERMINISTIC OPTIMIZATION PROBLEMS pp. 52-69

Takashi Kamihigashi

LONG-RUN OPTIMAL BEHAVIOR IN A TWO-SECTOR ROBINSON–SOLOW–SRINIVASAN MODEL pp. 70-85

M. Khan and Tapan Mitra

ENDOGENOUS BUSINESS CYCLES IN OVERLAPPING-GENERATIONS ECONOMIES WITH MULTIPLE CONSUMPTION GOODS pp. 86-102

Carine Nourry and Alain Venditti

DOES THE CAPITAL INTENSITY MATTER? EVIDENCE FROM THE POSTWAR JAPANESE ECONOMY AND OTHER OECD COUNTRIES pp. 103-116

Harutaka Takahashi, Koichi Mashiyama and Tomoya Sakagami

BOUNDING TAIL PROBABILITIES IN DYNAMIC ECONOMIC MODELS pp. 117-126

John Stachurski

COMPARATIVE DYNAMICS IN STOCHASTIC MODELS WITH RESPECT TO THE L∞–L∞ DUALITY: A DIFFERENTIAL APPROACH pp. 127-138

Kenji Sato and Makoto Yano

THE EQUITY PREMIUM IN CONSUMPTION AND PRODUCTION MODELS pp. 139-148

Levent Akdeniz and W. Davis Dechert

DOES FISCAL POLICY MATTER? BLINDER AND SOLOW REVISITED pp. 149-166

Roger Farmer and Dmitry Plotnikov

OPTIMAL EDUCATION IN AN AGE-STRUCTURED MODEL UNDER CHANGING LABOR DEMAND AND SUPPLY pp. 159-183

Alexia Fürnkranz-Prskawetz, Tsvetomir Tsachev and Vladimir Veliov

BIASED TECHNICAL CHANGE, INTERMEDIATE GOODS, AND TOTAL FACTOR PRODUCTIVITY pp. 184-203

Alessio Moro

HAS GLOBALIZATION TRANSFORMED U.S. MACROECONOMIC DYNAMICS? pp. 204-229

Fabio Milani

A CLOSED-FORM SOLUTION TO A MODEL OF TWO-SIDED, PARTIAL ALTRUISM pp. 230-239

Ana Fernandes

OIL SHOCKS AND OPTIMAL MONETARY POLICY pp. 240-277

Carlos Montoro

THE BURDEN OF UNANTICIPATED INFLATION: ANALYSIS OF AN OVERLAPPING-GENERATIONS MODEL WITH PROGRESSIVE INCOME TAXATION AND STAGGERED PRICES pp. 278-308

Burkhard Heer and Alfred Maussner

A NOTE ON THE IMPACT OF PROGRESSIVE DIVIDEND TAXATION ON INVESTMENT DECISIONS pp. 309-319

Marika Santoro and Chao Wei

WHY JOIN A CURRENCY UNION? A NOTE ON THE IMPACT OF BELIEFS ON THE CHOICE OF MONETARY POLICY pp. 320-334

Federico Ravenna

Volume 16, month February, 2012

JOB COMPETITION, CROWDING OUT, AND UNEMPLOYMENT FLUCTUATIONS pp. 1-34

Sherif Khalifa

GROWTH, PENSIONS, AND THE AGING JONESES pp. 35-60

Walter Fisher and Ben Heijdra

INTERGENERATIONAL EQUITY AND THE DISCOUNT RATE FOR POLICY ANALYSIS pp. 61-93

Jean-François Mertens and Anna Rubinchik

INFLATION AND GROWTH IN THE LONG RUN: A NEW KEYNESIAN THEORY AND FURTHER SEMIPARAMETRIC EVIDENCE pp. 94-132

Andrea Vaona

TECHNOLOGICAL SOURCES OF PRODUCTIVITY GROWTH IN GERMANY, JAPAN, AND THE UNITED STATES pp. 133-150

Jesús Rodríguez-López and Jose Torres

HOW DO ELEMENTARY AND HIGHER EDUCATION AFFECT HUMAN CAPITAL ACCUMULATION AND INEQUALITY? A NOTE pp. 151-158

Tetsuya Nakajima and Hideki Nakamura