Scholarly Works - Economics
About this collection
Most of the two-sided matching literature maintains the assumption that agents are never indifferent between any two members of the opposite side. In practice, however, ties in preferences arise naturally and are widespread. ...
The interaction of incomplete markets and sticky nominal wages is shown to magnify business cycles even though these two features—in isolation—dampen them. During recessions, fears of unemployment stir up precautionary ...
Measuring interconnectedness between financial institutions with Bayesian time-varying vector autoregressions We propose a market-based framework that exploits time-varying parameter vector autoregressions to estimate the dynamic network of financial spillover effects. We apply it to financials in the Standard & Poor's 500 index ...