Listar por tema "E32"
Mostrando ítems 1-8 de 8
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Business Cycle Fluctuations, Economic Growth & Granular Behavior: An Agent-Based Approach
Universitat Jaume I (2017-09-26)This work proposes a generalization of Delli Gatti et al.’s (2005) model in order to study the granular behavior observed empirically (Gabaix, 2011), namely a few very large firms are able to account for a very high ... -
El comercio de cabotaje del vino de Jerez en el siglo XIX: un análisis cuantitativo
Sociedad Española de Historia Agraria (2015-04)In this paper, we tackle the most relevant aspects of the evolution in the market for sherry wine by studying the coastal trade in the region of Cadiz during the period 1857-1900. We develop a database using the information ... -
Firm–bank credit network, business cycle and macroprudential policy
Springer (2021-02-13)We present an agent-based model to study firm–bank credit market interactions in different phases of the business cycle. The business cycle is exogenously set, and it can give rise to various scenarios. Compared to other ... -
Fiscal Multipliers and Forecast Errors
Universitat Jaume I (2018-10-24)The study of the fiscal multipliers is growing interest among economists and generating quite a debate on their determinants, size and forecast methodologies. During the financial crisis there has been some forecasting ... -
Forecasting in a complex environment: Machine learning sales expectations in a stock flow consistent agent-based simulation model
Elsevier (2022-04-14)The aim of this paper is to investigate how different degrees of sophistication in agents’ behavioral rules may affect individual and macroeconomic performances. In particular, we analyze the effects of introducing into ... -
Idiosyncratic Volatility Shocks and Aggregate Fluctuations: An Appraisal of the Spanish Case
Universitat Jaume I (2016-06-14)The aim of this work is to find empirical evidence, in case it exists, about the granularity of the Spanish economy. The Granular Hypothesis (Gabaix 2011) has been tested for Spain between the years 1990 and 2014. For ... -
Leverage and GDP volatility
Universitat Jaume I (2016-01-26)The Descriptive evidence, classify the firms: in firms with Leverage over the average, firms with Leverage down the average and firms with Leverage between the mean and median (the most efficient group). This part also ... -
Market power, technical progress and financial fragility
Elsevier (2024)We explore the nexus of market power, innovation and financial fragility by means of a macroeconomic agent based model whose core is the Dixit-Greenwald-Stiglitz (DGS) theory of firm behaviour, which nests the Greenwald-Stiglitz ...