排序方式: 共有48条查询结果,搜索用时 15 毫秒
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Tom Krebs 《Review of Economic Dynamics》2003,6(4):846-868
This paper uses a tractable macroeconomic model with idiosyncratic human capital risk and incomplete markets to analyze the growth and welfare effects of business cycles. The analysis is based on the assumption that the elimination of business cycles eliminates the variation in idiosyncratic risk. The paper shows that a reduction in the variation in idiosyncratic risk decreases the ratio of physical to human capital and increases the total investment return and welfare. If the degree of risk aversion is less than or equal to one, then economic growth is enhanced. This paper also provides a quantitative assessment of the macroeconomic effects of business cycles based on a calibrated version of the model. Even for relatively small degrees of risk aversion (around one) the model implies that the elimination of business cycles has substantial effects on investment in physical and human capital, economic growth, and welfare. 相似文献
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Benjamin Furlan Martin Gächter Bob Krebs Harald Oberhofer 《Scottish journal of political economy》2016,63(2):216-242
In this article, we combine two so far separate strands of the economic literature and argue that democratization leads to a real exchange rate appreciation. We test this hypothesis empirically for a sample of countries observed from 1980 to 2007 by combining a difference‐in‐difference approach with propensity score matching estimators. Our empirical results reveal a strong and significant finding: democratization causes real exchange rates to appreciate. Consequently, the ongoing process of democratization observed in many parts of the world is likely to reduce exchange rate distortions. 相似文献
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Inga Krebs 《保险科学杂志》2001,90(4):655-676
Schrifttum
I. Neuerscheinungen versicherungswissenschaftlicher Bücher 2000/01 (Stand: 30. September 2001) 相似文献7.
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Inga Krebs 《保险科学杂志》2008,97(2):245-277
Ohne Zusammenfassung
Zusammengestellt von Inga Krebs 相似文献
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