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We show empirically that regions with a more specialized production structure exhibit output °uctuations that are less correlated with those of other regions (less \symmetric" °uctuations). Combined w...
During the last 15 years econometric techniques for evaluating macroeconomic policy using dynamic stochastic models in which expectations are consistent, or rational, have been developed extensively...
This paper examines the differences between economic fluctuations in the United States and Japan during the period from 1972 through 1986. During this period the size of the fluctuations in real out...
Fluctuations in Uncertainty     Fluctuations  Uncertainty       2015/7/15
Fluctuations in Uncertainty.
We explore empirically models of aggregate fluctuations in which consumers form anticipations about the future based on noisy sources of information and these anticipations affect output in the short ...
In addressing the precipitous drop in trade volumes in the recent crisis, the real and financial explanations have sometimes been juxtaposed as competing explanations. However, they can be recon...
In addressing the precipitous drop in trade volumes in the recent crisis, the real and financial explanations have sometimes been juxtaposed as competing explanations. However, they can be reco...
Corn is the third important agricultural product. It is an important input in the poultry production and the basic elements of edible oil, starch, glucose, and raw material in industrial production of...
After entry into the WTO, China’s domestic agricultural market is more and more closely integrated into the world market. Recently, a significant price fluctuation of agricultural commodities in the g...
Fisher et al. (2012)鈥撯€揾enceforth, FHRS鈥撯€揾ave uncovered coding and data errors in our paper, Desch阯es and Greenstone (2007), henceforth, DG. We acknowledge and are embarrassed by these mistakes. We a...
To elucidate allometric scaling in complex systems, we investigated the underlying scaling rela-tionships between typical three-scale indicators for approximately 500,000 Japanese firms; namely,annual...
Oil is one of the important strategic energy to guarantee the development of modern industry and economy, and is also an important resource, which is scrambled by each interest group in the world. Oil...
An interesting analog circuit for simulating a signal with fluctuations having a probability density function with a power tail has recently been proposed and constructed. The exponent of the power la...
Using data for the Philippines, I develop and estimate a heterogeneous agent model to analyze the role of monetary policy in a small open economy subject to sizable remittance fluctuations. I include ...
The principle of absence of arbitrage opportunities allows obtaining the distribution of stock price fluctuations by maximizing its information entropy. This leads to a physical description of the u...

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