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| Caballero, Ricardo J.; Engel, Eduardo M.R.A.. |
| In most instances, the dynamic response of monetary and other policies to shocks is infrequent and lumpy. The same holds for the microeconomic response of some of the most important economic variables, such as investment, labor demand, and prices. We show that the standard practice of estimating the speed of adjustment of such variables with partial-adjustment ARMA procedures substantially overestimates this speed. For example, for the target federal funds rate, we find that the actual response to shocks is less than half as fast as the estimated response. For investment, labor demand and prices, the speed of adjustment inferred from aggregates of a small number of agents is likely to be close to instantaneous. While aggregating across microeconomic units... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Speed of adjustment; Discrete adjustment; Lumpy adjustment; Aggregation; Calvo model; ARMA process; Partial adjustment; Expected response time; Monetary policy; Investment; Labor demand; Sticky prices; Idiosyncratic shocks; Impulse response function; Wold representation; Time-to-build; Financial Economics; C22; C43; D2; E2; E5. |
| Ano: 2003 |
URL: http://purl.umn.edu/28419 |
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| Siddig, Khalid H.A.; Flaig, Dorothee; Luckmann, Jonas; Grethe, Harald. |
| This document describes the Israeli Social Accounting Matrix (SAM) for the year 2004, developed by the Agricultural and Food Policy Group at the University of Hohenheim. The SAM is a part of a larger research project which aims to analyse several economic, trade, and labour policies in the context of economic integration of agriculture between Israel and the West Bank. Data are obtained from various sources in Israel. Sources include the Israeli Central Bureau of Statistics (ICBS), the Central Bank of Israel (CBI), and the Israeli Tax Authority (ITA). Data from sources outside of Israel are used to fill-in some gaps in the domestic reports. External sources include the World Trade Organization (WTO), the Organisation for Economic Co-operation and... |
| Tipo: Working or Discussion Paper |
Palavras-chave: SAM; IO Table; CGE; Database; Israel.; Agricultural and Food Policy; Consumer/Household Economics; Labor and Human Capital; C6; C8; D1; D3; D5; D6; E2; E6; F1; F2; H2. |
| Ano: 2011 |
URL: http://purl.umn.edu/110156 |
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| Swinnen, Johan F.M.; Vranken, Liesbet. |
| Studies on efficiency changes in transition agriculture yield mixed results. This paper develops both a theoretical model and an empirical analysis of how distribution of efficiency scores changes with the various stages of transition. We use a unique set of representative farm survey data to calculate farm level efficiency scores, compare the efficiency distributions of different transition countries and correlate these with various indicators of particular reforms. Our study indicates that, in particular, general institutional reforms and reforms focused on market institutions and on reducing market imperfections in input and output markets have an important positive impact on farm efficiency. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Transition; Production efficiency; Reforms; Agribusiness; P2; E2; P21. |
| Ano: 2005 |
URL: http://purl.umn.edu/24707 |
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| Soloaga, Isidro. |
| Poverty levels have been diminishing in Mexico since the late 90's, although several regions still show high levels of poverty, and they are extremely high in some rural areas. This paper have addressed the issue of the linkages between sectoral growth (urban/rural) and poverty levels. It was found that although both types of growth impacted negatively on poverty levels in Mexico, rural growth seems to have a higher power in improving consumption per capita of the poorest among the poor people. Moreover, the only inter-sector linkage found was the one that connects rural growth with urban poverty for those people above the food -poverty line but below the moderate poverty line. Exploring plausible channels, we have found that rural growth enhances equality... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Food Security and Poverty; International Development; O18; O5; E2; J43. |
| Ano: 2006 |
URL: http://purl.umn.edu/25277 |
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