Macroeconomic Dynamics

1997 - 2025

From Cambridge University Press
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Volume 20, month December, 2016

INTRODUCTION TO THE MACROECONOMIC DYNAMICS SPECIAL ISSUE ON TECHNOLOGY ASPECTS IN THE PROCESS OF DEVELOPMENT pp. 1953-1956

Théophile T. Azomahou, Raouf Boucekkine, Pierre Mohnen and Bart Verspagen

OPTIMAL PUBLIC INVESTMENT, GROWTH, AND CONSUMPTION: EVIDENCE FROM AFRICAN COUNTRIES pp. 1957-1986

Augustin Fosu, Yoseph Getachew and Thomas Ziesemer

HOW IMPORTANT IS INNOVATION? A BAYESIAN FACTOR-AUGMENTED PRODUCTIVITY MODEL BASED ON PANEL DATA pp. 1987-2009

Georges Bresson, Jean-Michel Etienne and Pierre Mohnen

THE DYNAMICS OF STAGNATION: A PANEL ANALYSIS OF THE ONSET AND CONTINUATION OF STAGNATION pp. 2010-2045

Richard Bluhm, Denis de Crombrugghe and Adam Szirmai

ENDOGENOUS FERTILITY WITH A SIBSHIP SIZE EFFECT pp. 2046-2066

Elise Brezis and Rodolphe Dos Santos Ferreira

HUMAN CAPITAL PRODUCTIVITY, ENDOGENOUS GROWTH, AND WELFARE: THE ROLE OF UNCERTAINTY pp. 2067-2092

Mbaye Diene, Bity Diene and Théophile T. Azomahou

SOCIAL CAPITAL AS AN ENGINE OF GROWTH: MULTISECTORAL MODELING AND IMPLICATIONS pp. 2093-2122

Youyou Baende Bofota, Raouf Boucekkine and Alain Pholo Bala

A DYNAMIC MODEL OF TAXATION, CORRUPTION, AND PUBLIC INVESTMENT IN THE DYNASTIC CYCLE: THE CASE OF IMPERIAL CHINA pp. 2123-2147

Kenneth Chan and Jean-Pierre Laffargue

CONNECTIVITY AND ECONOMIC GROWTH pp. 2148-2172

Adriaan van Zon and Evans Mupela

OPTIMAL ENDOGENOUS GROWTH WITH NATURAL RESOURCES: THEORY AND EVIDENCE pp. 2173-2209

Manh-Hung Nguyen and Phu Nguyen-Van

Volume 20, month October, 2016

DATA REVISIONS IN THE ESTIMATION OF DSGE MODELS pp. 1683-1716

Miguel Casares and Jesús Vázquez

HOW DO MACROECONOMIC IMBALANCES INTERACT? EVIDENCE FROM A PANEL VAR ANALYSIS pp. 1717-1741

Blaise Gnimassoun and Valérie Mignon

FISCAL POLICY AND THE REAL EXCHANGE RATE pp. 1742-1770

Santanu Chatterjee and Azer Mursagulov

DEBT AND DEFICIT FLUCTUATIONS IN A TIME-CONSISTENT SETUP pp. 1771-1794

Daryna Grechyna

SOCIAL LEARNING ABOUT CONSUMPTION pp. 1795-1825

Isabelle Salle and Pascal Seppecher

UNIT TOTAL COSTS: AN ALTERNATIVE MARGINAL COST PROXY FOR INFLATION DYNAMICS pp. 1826-1849

George Bratsiotis and Wayne Robinson

COMPUTING MARKOV-PERFECT OPTIMAL POLICIES IN BUSINESS-CYCLE MODELS pp. 1850-1872

Richard Dennis and Tatiana Kirsanova

REAL ESTATE CYCLES, ASSET REDISTRIBUTION, AND THE DYNAMICS OF A CRISIS pp. 1873-1905

Suparna Chakraborty

A NOTE ON SKILL-STRUCTURE SHOCKS, THE SHARE OF THE HIGH-TECH SECTOR, AND ECONOMIC GROWTH DYNAMICS pp. 1906-1923

Pedro Gil, Oscar Afonso and Paulo B. Vasconcelos

A NOTE ON BANKING AND HOUSING CRISES AND THE STRENGTH OF RECOVERIES pp. 1924-1933

Jens Boysen-Hogrefe, Nils Jannsen and Carsten-Patrick Meier

THE RICH AND THE POOR IN A SIMPLE MODEL OF GROWTH AND DISTRIBUTION pp. 1934-1952

Kirill Borissov

Volume 20, month September, 2016

ENDOGENOUS BORROWING CONSTRAINTS AND WEALTH INEQUALITY pp. 1413-1431

Joydeep Bhattacharya, Xue Qiao and Min Wang

THE SPIRIT OF CAPITALISM AND RATIONAL BUBBLES pp. 1432-1457

Ge Zhou

THE INTENSIVE MARGIN PUZZLE AND LABOR MARKET ADJUSTMENT COSTS pp. 1458-1476

Dennis Wesselbaum

THE ASYMMETRIC EFFECTS OF INVESTOR SENTIMENT pp. 1477-1503

Chandler Lutz

ROBUST MONETARY POLICY IN A NEW KEYNESIAN MODEL WITH IMPERFECT INTEREST RATE PASS-THROUGH pp. 1504-1526

Rafael Gerke and Felix Hammermann

HETEROGENEITY AND REDISTRIBUTION IN FINANCIAL CRISES pp. 1527-1549

Keiichiro Kobayashi and Daichi Shirai

A TIME-VARYING MARKOV-SWITCHING MODEL FOR ECONOMIC GROWTH pp. 1550-1580

Bruno Morier and Vladimir Teles

TRADE OPENNESS, GOVERNMENT SIZE, AND FACTOR INTENSITIES pp. 1581-1599

Mingming Jiang

MIXTURE DISTRIBUTION HYPOTHESIS AND THE IMPACT OF A TOBIN TAX ON EXCHANGE RATE VOLATILITY: A REASSESSMENT pp. 1600-1622

Olivier Damette

A NOTE ON THE BUSH TAX CUTS: DID THEY SUCCEED IN STIMULATING BUSINESS INVESTMENT? pp. 1623-1639

Ky-hyang Yuhn and Christopher S. Bennett

GROWTH-MAXIMIZING PUBLIC DEBT UNDER CHANGING DEMOGRAPHICS pp. 1640-1651

Nikola Bokan, Andrew Hughes Hallett and Svend E. Hougaard Jensen

A NOTE ON ENVIRONMENT-DEPENDENT TIME PREFERENCES pp. 1652-1667

Hsun Chu, Ching-chong Lai and Chih-Hsing Liao

A NOTE ON REMITTANCES, MONETARY REGIMES, AND NONTRADABLE INFLATION DYNAMICS pp. 1668-1682

Emmanuel Lartey

Volume 20, month July, 2016

MONETARY POLICY AND ENDOGENOUS MARKET STRUCTURE IN A SCHUMPETERIAN ECONOMY pp. 1127-1145

Angus Chu and Lei Ji

ASSESSING WELFARE IMPACTS OF SOME DEBT-CONSOLIDATION EPISODES IN THE EUROPEAN UNION pp. 1146-1173

Miguel Viegas and Ana Ribeiro

EFFECTS OF EXTENDED UNEMPLOYMENT INSURANCE BENEFITS ON LABOR DYNAMICS pp. 1174-1195

Miquel Faig, Min Zhang and Shiny Zhang

BUY NATIONAL AND THE BUSINESS CYCLE pp. 1196-1218

Mario Larch and Wolfgang Lechthaler

THE ASYMMETRIC EFFECTS OF UNCERTAINTY ON MACROECONOMIC ACTIVITY pp. 1219-1246

Paul M. Jones and Walter Enders

DOES FEAR LEAD TO RECESSIONS? pp. 1247-1263

Shiu-Sheng Chen and Yu-Hsi Chou

IDENTIFYING THE SUBSTITUTION EFFECT OF TEMPORARY AGENCY EMPLOYMENT pp. 1264-1281

Elke Jahn and Enzo Weber

PUBLIC DEBT IN A POLITICAL ECONOMY pp. 1282-1312

Sigrid Röhrs

FINANCIAL FRICTIONS IN THE EURO AREA AND THE UNITED STATES: A BAYESIAN ASSESSMENT pp. 1313-1340

Stefania Villa

EFFECT OF PUBLIC HEALTH INVESTMENT ON ECONOMIC DEVELOPMENT VIA SAVINGS AND FERTILITY pp. 1341-1358

Hideki Nakamura and Yuko Mihara

EXPECTATION ERRORS IN CREDIT MARKET AND BUSINESS CYCLES pp. 1359-1380

Kenichi Tamegawa and Shin Fukuda

TECHNOLOGY, TRADE, AND GROWTH: THE ROLE OF EDUCATION pp. 1381-1394

Klaus Prettner and Holger Strulik

A NOTE ON DETERMINING VIABLE ECONOMIC STATES IN A DYNAMIC MODEL OF TAXATION pp. 1395-1412

Jacek Krawczyk and Kenneth Judd

Volume 20, month June, 2016

CONTRACTIONARY EFFECTS OF GOVERNMENT SPENDING AND WARTIME BRITAIN pp. 857-883

Shingo Watanabe

ENTRY COSTS, FINANCIAL FRICTIONS, AND CROSS-COUNTRY DIFFERENCES IN INCOME AND TFP pp. 884-908

El-hadj Bah and Lei Fang

HEALTH, HUMAN CAPITAL FORMATION AND KNOWLEDGE PRODUCTION: TWO CENTURIES OF INTERNATIONAL EVIDENCE pp. 909-953

Jakob Madsen

VOTING ONESELF INTO A CRISIS pp. 954-984

Hans-Jörg Beilharz and Hans Gersbach

LONGEVITY, GROWTH, AND INTERGENERATIONAL EQUITY: THE DETERMINISTIC CASE pp. 985-1021

Torben M. Andersen and Marias H. Gestsson

ANATOMIZING INCOMPLETE-MARKETS SMALL OPEN ECONOMIES: POLICY TRADE-OFFS AND EQUILIBRIUM DETERMINACY pp. 1022-1050

Jaime Alonso-Carrera and Timothy Kam

DO INTERNATIONAL FLOWS INCREASE ENROLLMENT RATES? pp. 1051-1072

Arusha Cooray

RECURSIVE INATTENTIVENESS WITH HETEROGENEOUS EXPECTATIONS pp. 1073-1100

Lena Dräger

PRICE-SETTING WITH UNOBSERVABLE ELASTICITIES OF DEMAND: THE BUSINESS-CYCLE EFFECTS OF HETEROGENEOUS EXPECTATIONS pp. 1101-1125

Christian Jensen

Volume 20, month April, 2016

MACROECONOMIC EFFECTS OF ENERGY PRICE SHOCKS ON THE BUSINESS CYCLE pp. 623-642

Bao Tan Huynh

GLOBALIZATION AND THE INDUSTRIAL REVOLUTION pp. 643-666

Pedro Ferreira, Samuel Pessôa and Marcelo Santos

NECESSARY AND SUFFICIENT CONDITIONS FOR DYNAMIC OPTIMIZATION pp. 667-684

A. Kerem Coşar and Edward Green

ACCOUNTING FOR SPANISH BUSINESS CYCLES pp. 685-714

Jesús Rodríguez López and Mario Solis-Garcia

MORTALITY DECLINE, RETIREMENT AGE, AND AGGREGATE SAVINGS pp. 715-736

Yanyou Chen and Sau-Him Paul Lau

IS THE SOCIAL SECURITY CRISIS REALLY AS BAD AS WE THINK? pp. 737-776

Shantanu Bagchi

STOCHASTIC GRADIENT LEARNING AND INSTABILITY: AN EXAMPLE pp. 777-790

Sergey Slobodyan, Anna Bogomolova and Dmitri Kolyuzhnov

USING FORECASTS TO UNCOVER THE LOSS FUNCTION OF FEDERAL OPEN MARKET COMMITTEE MEMBERS pp. 791-818

Christian Pierdzioch, Jan-Christoph Rülke and Peter Tillmann

A NOTE ON THE STABILITY OF FULLY ENDOGENOUS GROWTH WITH INCREASING RETURNS AND EXHAUSTIBLE RESOURCES pp. 819-831

Francisco Cabo, Guiomar Martin-Herran and María Pilar Martínez-García

A NOTE ON NONLINEAR FISCAL REGIMES AND INTEREST RATE POLICY pp. 832-844

Alessandro Piergallini

A NOTE ON LEARNING IN A CREDIT ECONOMY pp. 845-855

Pei Kuang

Volume 20, month March, 2016

INTRODUCTION TO MACROECONOMIC DYNAMICS SPECIAL ISSUE ON COMPLEXITY IN ECONOMIC SYSTEMS pp. 461-465

Apostolos Serletis

THE DISTRIBUTION OF WEALTH IN THE BLANCHARD–YAARI MODEL pp. 466-481

Jess Benhabib, Alberto Bisin and Shenghao Zhu

AN ANALYTICAL AND NUMERICAL SEARCH FOR BIFURCATIONS IN OPEN ECONOMY NEW KEYNESIAN MODELS pp. 482-503

William Barnett and Unal Eryilmaz

PUBLIC SPENDING AS A SOURCE OF ENDOGENOUS BUSINESS CYCLES IN A RAMSEY MODEL WITH MANY AGENTS pp. 504-524

Kazuo Nishimura, Carine Nourry, Thomas Seegmuller and Alain Venditti

CAPITAL MISALLOCATION AND AGGREGATE FACTOR PRODUCTIVITY pp. 525-543

Costas Azariadis and Leo Kaas

THE EVOLUTION OF ENDOGENOUS BUSINESS CYCLES pp. 544-557

Roger Farmer

HOW INFLATION AFFECTS MACROECONOMIC PERFORMANCE: AN AGENT-BASED COMPUTATIONAL INVESTIGATION pp. 558-581

Quamrul Ashraf, Boris Gershman and Peter Howitt

THE OPTIMAL INFLATION TARGET IN AN ECONOMY WITH LIMITED ENFORCEMENT pp. 582-600

Gaetano Antinolfi, Costas Azariadis and James Bullard

ANTS AND NONOPTIMAL SELF-ORGANIZATION: LESSONS FOR MACROECONOMICS pp. 601-621

Alan Kirman

Volume 20, month January, 2016

GLOBALIZATION AND INFLATION: NEW PANEL EVIDENCE pp. 1-26

Dong-Hyeon Kim, Shu-Chin Lin and Yi-Chen Wu

EDUCATION, INEQUALITY, AND DEVELOPMENT IN A DUAL ECONOMY pp. 27-69

Kazuhiro Yuki

ENDOGENOUS MARKET STRUCTURE, OCCUPATIONAL CHOICE, AND GROWTH CYCLES pp. 70-94

Dimitrios Varvarigos and Maria José Gil-Moltó

EFFICIENT SORTING IN FRICTIONAL LABOR MARKETS WITH TWO-SIDED HETEROGENEITY pp. 95-119

Luca Merlino

INTEREST RATE EFFECTS OF DEMOGRAPHIC CHANGES IN A NEW KEYNESIAN LIFE-CYCLE FRAMEWORK pp. 120-164

Engin Kara and Leopold von Thadden

ADULT LONGEVITY AND GROWTH TAKEOFF pp. 165-188

Daishin Yasui

HEALTH CYCLES AND HEALTH TRANSITIONS pp. 189-213

Shankha Chakraborty, Chris Papageorgiou and Fidel Perez Sebastian

TRANSPORTATION COSTS AND THE GREAT DIVERGENCE pp. 214-228

Leonid Azarnert

THE CAUSE OF HIGHER ECONOMIC GROWTH: ASSESSING THE LONG-TERM AND SHORT-TERM RELATIONSHIPS BETWEEN ECONOMIC GROWTH AND GOVERNMENT EXPENDITURE pp. 229-250

Motasam Tatahi, Emre Ipekci Cetin and M. Koray Cetin

TERM PREMIA IMPLICATIONS OF MACROECONOMIC REGIME CHANGES pp. 251-275

Giacomo Carboni

LONG-TERM INVESTMENT AND NET-WORTH BUILDING WITH LIMITED CONTRACT ENFORCEMENT pp. 276-312

Burak Uras

THE EFFECT OF LABOR AND FINANCIAL FRICTIONS ON AGGREGATE FLUCTUATIONS pp. 313-341

Haroon Mumtaz and Francesco Zanetti

WHAT DO WORKING CAPITAL AND HABIT TELL US ABOUT THE CO-MOVEMENT PROBLEM? pp. 342-361

Yi-Chan Tsai

COMPETITION AS AN ENGINE OF ECONOMIC GROWTH WITH PRODUCER HETEROGENEITY pp. 362-379

Christian Jensen

DEFAULT RISK PREMIA ON GOVERNMENT BONDS IN A QUANTITATIVE MACROECONOMIC MODEL pp. 380-403

Falko Juessen, Ludger Linnemann and Andreas Schabert

TRADE UNIONS, UNEMPLOYMENT, ECONOMIC GROWTH, AND INCOME INEQUALITY pp. 404-428

Juin-jen Chang and Hsiao-wen Hung

A NOTE ON LEVERAGE AND THE MACROECONOMY pp. 429-445

Khandokar Istiak and Apostolos Serletis

A NOTE ON INCREASING HAZARD FUNCTIONS AND THE MONETARY TRANSMISSION MECHANISM pp. 446-459

Fang Yao