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1 - 10 van 314 voor each period
appendix derivations dsge model pdf
... utility over all time periods, with one budget constraint for each time period no simple task. there is, fortunately, an easier method ... note that we will assume that there is one household born' each period. as a result there will be a total of j ... -injections direct to households. that is, every household wakes up each period with their increase in the money supply posted through their letter ...
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Two-Tier Labor Markets in the Great Recession: France vs. Spain
... job implies a flow cost of h and returns a contact with probability q() in each period. once the contact takes place, the employer-employee pair sign a temporary contract with probability ... (27). once the model has been calibrated to reproduce the stylized facts during the reference period, we obtain simulations for the recession allowing for adverse changes in the pro- ductivity distribution ...
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analyzing labour supply elderly people life cycle approach pdf
... lump-sum) changes in lifetime income. for instance a higher statutory retirement age reduces the period of receiving lump-sum first-tier pension benefits. this lower lifetime income reduces (lifetime) ... elasticity of substitution of bequests, a end of period (nominal value of) private financial wealth and p the consumption price. in each period t the utility derived from consumption and leisure ...
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Microsoft Word - DP128_demooij _2_.doc
... may interpret each period to cover 40 years. we express all variables in annual terms to facilitate the interpretation in terms of national accounts data. behaviour within each 40-year period is assumed to ... -time utility function subject to an intertemporal budget constraint. when young (i.e. the first period), households choose to allocate their time between leisure and work. when old (i.e. the ...
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Microsoft Word - DP CCCTB voorblad.doc
... consider each possible outcome in each country simultaneously. for example, if there are even only two possible outcomes in each period (profit or loss), across 27 eu member states in which each individual company is active, we would need to consider 227 different states in each period. however, we ...
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disc160.pdf
... i who lives for a length of t periods. for each period t the household chooses how much to consume cit ... by shifting resources from other periods to that particular period until the marginal utility is equalized across periods. most ... each period (given the wage) relative to households who like working more. which implies that they will hold more pre-retirement assets to finance the longer period ...
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Microsoft Word - discussion57
... (both in 5 classes) as well as region dummies for each period. coefficients of time dummies are included in the regressions, but ... square meter. these data refer to the period (so not to the same year for each country). 32 appendix 2 hedonic house ... two specifications of this model. in one specification, all coefficients were period-specific. in the second specification, which is reported here, only ...
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doc211.pdf
... monitoring is associated with economies of scale. 24 suppose now that several entrepreneurs each have their own investment project. if the probabilities of their projects succeeding are ... , aggregating signals over multiple periods may reduce uncertainty about behaviour. if firms choose each period between behaving or shirking, preventing shirking becomes easier the more periods a contract ...
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dp175 systemic risk across sectors pdf
... p rmax 1 . (p3) the expected number of selected failures for each period, n i 1 p ri 1 s (n0) i 1 . ... by selecting each pair of blocks over the same period from x and y . as a consequence, the constructed series of each bootstrap face an ... each period. further, they consider ten large european banks and ten large european insurers, while we consider the twenty instantaneously largest u.s. firms in each ...
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Microsoft Word - doc136.doc
... these findings are puzzling in light of regulatory reforms that have been implemented in the period observed. yet, econometric analysis suggests that regulatory reforms could have intensified competition. however, strong ... policies. the large variety percentage change of competition in each industry is the change of the estimated trend for the whole period 1993- 2001 and not the observed change. the ...
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