Review of Economic Dynamics最新文献_第7页

Climate policy, financial frictions, and transition risk 气候政策、金融摩擦和转型风险

IF 2 3区经济学

Review of Economic Dynamics Pub Date : 2023-12-01 DOI: 10.1016/j.red.2023.08.003

Stefano Carattini , Garth Heutel , Givi Melkadze

引用次数: 0

Misallocation and markups: Evidence from Indian manufacturing 错配和加价：印度制造业的证据

IF 2 3区经济学

Review of Economic Dynamics Pub Date : 2023-12-01 DOI: 10.1016/j.red.2022.12.004

Yan Liang

引用次数: 0

Credit markets, relationship lending, and the dynamics of firm entry 信贷市场、关系贷款和企业进入的动力

IF 2 3区经济学

Review of Economic Dynamics Pub Date : 2023-12-01 DOI: 10.1016/j.red.2023.02.001

Qingqing Cao , Paolo Giordani , Raoul Minetti , Pierluigi Murro

引用次数: 0

Demand, growth, and deleveraging 需求、增长和去杠杆化

IF 2 3区经济学

Review of Economic Dynamics Pub Date : 2023-12-01 DOI: 10.1016/j.red.2023.08.004

Brian Greaney , Conor Walsh

引用次数: 0

Bequest motives and the Social Security Notch 遗赠动机和社会保障缺口

IF 2 3区经济学

Review of Economic Dynamics Pub Date : 2023-12-01 DOI: 10.1016/j.red.2023.09.001

Siha Lee , Kegon T.K. Tan

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引用次数: 5

The costs of macroprudential deleveraging in a liquidity trap 流动性陷阱中宏观审慎去杠杆化的成本

IF 2 3区经济学

Review of Economic Dynamics Pub Date : 2023-12-01 DOI: 10.1016/j.red.2023.09.005

Jiaqian Chen , Daria Finocchiaro , Jesper Lindé , Karl Walentin

引用次数: 0

Retirement timing uncertainty: Empirical evidence and quantitative evaluation 退休时间的不确定性：经验证据和定量评估

IF 2 3区经济学

Review of Economic Dynamics Pub Date : 2023-12-01 DOI: 10.1016/j.red.2023.01.002

Frank N. Caliendo , Maria Casanova , Aspen Gorry , Sita Slavov

引用次数: 2

Revisiting taxes on high incomes 重新审视对高收入征税

IF 2 3区经济学

Review of Economic Dynamics Pub Date : 2023-12-01 DOI: 10.1016/j.red.2023.11.001

Ayşe İmrohoroğlu , Çağrı S. Kumru , Jiu Lian , Arm Nakornthab

引用次数: 0

Money laundering and the privacy design of central bank digital currency 洗钱与中央银行数字货币的隐私设计

IF 2 3区经济学

Review of Economic Dynamics Pub Date : 2023-12-01 DOI: 10.1016/j.red.2023.06.004

Zijian Wang

引用次数: 0

The risk-premium channel of uncertainty: Implications for unemployment and inflation 不确定性的风险溢价渠道：对失业和通货膨胀的影响

IF 2 3区经济学

Review of Economic Dynamics Pub Date : 2023-12-01 DOI: 10.1016/j.red.2022.12.002

Lukas B. Freund , Hanbaek Lee , Pontus Rendahl

{"title":"The risk-premium channel of uncertainty: Implications for unemployment and inflation","authors":"Lukas B. Freund , Hanbaek Lee , Pontus Rendahl","doi":"10.1016/j.red.2022.12.002","DOIUrl":"https://doi.org/10.1016/j.red.2022.12.002","url":null,"abstract":"<div><p>This paper studies the role of macroeconomic uncertainty in a search-and-matching framework with risk-averse households. Heightened uncertainty about future productivity reduces current economic activity even in the absence of nominal rigidities. A risk-premium mechanism accounts for this result. As future asset prices become more volatile and covary more positively with aggregate consumption, the risk premium rises in the present. The associated downward pressure on current asset values lowers firm entry, making it harder for workers to find jobs and reducing the supply of goods. With nominal rigidities the recession is exacerbated, as a more uncertain future reinforces households' precautionary behavior, which causes demand to contract. Counterfactual analyses using a calibrated model imply that unemployment would rise by less than half as much absent the risk-premium channel. The presence of this mechanism implies that uncertainty shocks are less deflationary than regular demand shocks, nor can they be fully neutralized by monetary policy.</p></div>","PeriodicalId":47890,"journal":{"name":"Review of Economic Dynamics","volume":"51 ","pages":"Pages 117-137"},"PeriodicalIF":2.0,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1094202522000655/pdfft?md5=f2fc5d8502334a2c9f3c558918cbe731&pid=1-s2.0-S1094202522000655-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138739247","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0