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An Estimated Search-Based Monetary DSGE Model with Liquid Capital
Monetary DSGE Model Liquid Capital
2015/9/18
In this note we extend the search-based monetary DSGE model studied in Aruoba and Schorfheide (2010) and introduce liquid capital claims. More specifically, buyers in the decentralized market can use ...
Search,Money and Capital:A Neoclassical Dichotomy
Search Money Capital Neoclassical Dichotomy
2015/9/18
Recent work has reduced the gap between search-based monetary theory and mainstream macroeconomics byincorporating into the search model some centralized markets as well as some decentralized markets ...
Monetary models that specify explicit frictions to generate money demand have beendeveloped over the last 20 years and have been used to address many questions. Inthis paper we investigate the short-r...
What Makes them Click: Empirical Analysis of Consumer Demand for Search Advertising
Search Advertising Empirical Analysis
2015/7/31
We study users' response to sponsored-search advertising using data from Microsoft's Live
AdCenter distributed in the \Beyond Search" initiative. We estimate a structural model of utility
maximizing...
Momentum traders in the housing market: survey evidence and a search model
search model survey evidence
2015/7/23
This paper studies household beliefs during the recent US housing boom. The first part
presents evidence from the Michigan Survey of Consumers. To characterize the heterogeneity
in households’...
In Search of a Competitive Identity:Towards A Competitiveness Agenda for Colombia
Economics Colombia
2015/5/8
This presentation draws on ideas from Professor Porter's articles and books, in particular, The Competitive Advantage of Nations (The Free Press, 1990), "The Microeconomic Foundations of Economic Deve...
Parallel Search, Incentives and Problem Type: Revisiting the Competition and Innovation Link
Investment Independent Innovation and Invention Motivation and Incentives Competition
2015/4/22
This paper presents econometric evidence of two independent effects of adding more competitors on innovation: 1) a competition effect whereby increasing rivalry shapes, and often decreases, incentives...
Why Do Intermediaries Divert Search?
Demand and Consumers Motivation and Incentives Online Technology Search Technology
2015/4/21
We analyze the incentives to divert search for an information intermediary who enables buyers (consumers) to search affiliated sellers (stores). We identify two original motives for diverting search (...
The past ten years experienced a boom in research on the behavior of nominal prices using micro data. Economists obtained access to a number of new datasets that have not been previously available. Tw...
Instruments of development: Randomization in the tropics, and the search for the elusive keys to economic development
Instruments of development Randomization in the tropics the search for the elusive keys economic development
2014/3/17
Instruments of development: Randomization in the tropics, and the search for the elusive keys to economic development。