Auflistung LIF-SAFE Working Papers nach JEL-Klassifizierung "E69"
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Revisiting the Narrative Approach of Estimating Tax Multipliers
(2015-03-01)"A number of recent studies regress a ""narratively"" identified measure of a macroeconomic shock directly on an outcome variable. In this note, we argue that this approach can be viewed as the reduced-form regression of ... -
Risk Pooling, Leverage, and the Business Cycle
(2020-02-25)This paper studies the impact of financial sector size and leverage on business cycles and risk-free rates dynamics. We model a general equilibrium productive economy where financial intermediaries provide costly risk ...