 | Sudden Stops and Optimal Policy in a Two-agent Economy Author/Editor: Nina Biljanovska, Alexandros Vardoulakis. Release Date:July, 2022 We introduce heterogeneity in terms of workers and entrepreneurs in an otherwise standard Fisherian model to study Sudden Stop dynamics and optimal policy. We show that the distinction between more...
| Price: $20.00
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| Financial Amplification of Labor Supply Shocks Author/Editor: Nina Biljanovska, Alexandros Vardoulakis. Release Date:September, 2020 We study how financial frictions amplify labor supply shocks in a macroeconomic model with occasionally binding financing constraints. Workers supply labor to entrepreneurs who borrow to purchase more...
| Price: $18.00
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| Optimal Macroprudential Policy and Asset Price Bubbles Author/Editor: Nina Biljanovska, Lucyna Gornicka, Alexandros Vardoulakis. Release Date:August, 2019 An asset bubble relaxes collateral constraints and increases borrowing by credit-constrained agents. At the same time, as the bubble deflates when constraints start binding, it amplifies downturns. more...
| Price: $5.00
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