Apr 19, 2011 - economics, use home price data to value public goods and amenities. The framework I ...... where m denotes a vector of moments from the data, mS are the simulated counterparts ...... Regional Science and Urban Economics, 41(1):67 â 7
May 10, 2016 - The economy displays uncertainty traps: self-reinforcing episodes of .... Our analysis also relates to a theoretical literature in macroeconomics ...
May 10, 2016 - Firms are heterogeneous in the cost of undertaking this investment and hold common beliefs about the fundamental. Beliefs are regularly ...
fuzzy sets uncertainty and information george klir pdf. fuzzy sets uncertainty and information george klir pdf. Open. Extract. Open with. Sign In. Main menu.
Oct 22, 2015 - uncertainty to arise from both productivity and government purchases shocks. We calibrate ... to that of the welfare costs of business cycle fluctuations reported in Lucas (1987, 2003), even though in our model ..... Support of aggr. p
Oct 22, 2015 - to that of the welfare costs of business cycle fluctuations reported in Lucas ... However, even in a progressive tax system, the fluctuating average tax rates ...... distributional results: when we compute the analogue of Table.
economic activity reacts more aggressively to oil shocks when macroeconomic volatility is already high. ... allowed to determine whether the economy is in a high or low uncertainty regime.2 is. 2 We discuss possible ...... price shocks - A comparativ
9 Oct 2013 - But future work could use these same tools to measure uncertainty at any ..... normal filtering problem with unknown parameters that can be solved using the same tools as in the previous section. ..... the conditional variance of beliefs
