Meta tags:

Headings (most frequently used words):

-

Text of the page (most frequently used words):
the (50), comment (31), and (24), wordpress (22), com (22), nepdge (21), 2022 (16), for (14), that (13), model (13), https (12), http (11), 0000 (11), you (8), this (8), our (8), are (7), one (6), dsge (6), paper (6), countries (6), monetary (5), policy (5), more (5), capital (5), with (5), which (5), analysis (5), constraints (5), not (5), self (5), disaster (5), 2023 (5), would (4), tue (4), thank (4), economies (4), generations (4), may (4), their (4), such (4), wealth (4), what (4), fiscal (4), prone (4), can (4), crisis (4), propagation (4), heterogeneous (4), reflexive (4), abm (4), job (4), financial (3), liquidity (3), minimum (3), wage (3), shocks (3), research (3), some (3), about (3), resources (3), investment (3), offspring (3), these (3), they (3), understand (3), distribution (3), extremely (3), will (3), multipliers (3), results (3), between (3), order (3), developing (3), models (3), them (3), like (3), wed (3), jan (3), endogenous (2), crises (2), 11757 (2), preventing (2), over (2), have (2), all (2), but (2), look (2), your (2), estimated (2), underreporting (2), 11803 (2), dear (2), christian (2), very (2), sharing (2), has (2), free (2), opportunity (2), inequality (2), across (2), 11806 (2), comments (2), here (2), mention (2), when (2), think (2), kid (2), fact (2), borrowing (2), status (2), quo (2), indeed (2), able (2), socially (2), optimal (2), subsidies (2), implement (2), social (2), optimum (2), also (2), whether (2), accumulation (2), education (2), should (2), exactly (2), current (2), put (2), same (2), into (2), aggregate (2), apr (2), worker (2), firm (2), screening (2), business (2), cycle (2), 11835 (2), unemployment (2), productivity (2), amongst (2), employed (2), its (2), new (2), however (2), different (2), from (2), 11939 (2), interesting (2), see (2), difference (2), must (2), 11968 (2), climate (2), change (2), those (2), narrative (2), how (2), 12469 (2), anything (2), until (2), get (2), disciplined (2), data (2), waste (2), 1997 (2), dec (2), 12479 (2), paths (2), down (2), pdf (2), abms (2), dynamics (2), racial (2), gap (2), 12519 (2), featuring (2), ladder (2), human (2), cost (2), loss (2), 12539 (2), investing, require, accurate, pricing, loaned, stopping, late, abruptly, simply, mean, reappropriated, accordance, changes, prices, text, book, definition, correction, cursory, thats, argument, 1860, feb, lee, miller, zimmermann, much, appreciate, interest, developments, emerging, anyone, any, questions, regarding, please, feel, contact, 1897, thu, mar, alisher, tolepbergen, thanks, thoughts, remarks, hope, clarifies, trade, off, untalented, rich, going, top, school, taking, away, spot, talented, poor, captured, least, extent, because, account, modeling, families, without, sufficient, choose, relax, answer, question, asset, rather, than, subsidized, depending, ability, parents, true, dynasties, insure, themselves, via, point, actions, accounts, plausible, frictions, uninsurable, risk, moreover, weight, welfare, future, society, circumstances, characterize, come, play, improve, outcome, given, 1902, fri, winfried, koeniger, key, mechanism, movement, needs, standard, search, following, shock, moves, quickly, steady, state, far, sluggish, thus, deep, prolonged, recession, 2008, other, recent, recessions, 1892, jake, bradley, great, work, diogo, brings, amazing, provides, perspectives, topic, policies, curious, hand, mouth, shares, european, find, significant, further, followed, 1931, joão, quelhas, main, motivation, behind, paying, disproportionate, price, compared, total, contribution, problem, minimal, production, mainly, consisting, tourism, services, agricultural, output, evidencing, low, share, world, emissions, being, faced, frequent, severe, natural, occurrences, result, investigate, impact, major, macroeconomic, developed, several, papers, emphasizing, take, approach, focuses, analyzing, experience, well, providing, insights, utilized, alleviate, part, excess, burden, later, provide, assistance, construct, tailored, characteristics, small, open, 1939, nikos, fatouros, surprised, promoting, literature, many, degrees, freedom, conclude, hence, relevance, whatsoever, sun, course, totally, disagree, could, equally, say, scientific, progress, incremental, allowed, venture, untreaded, last, note, ideas, coming, systems, biology, help, pruning, big, way, refs, therein, arxiv, org, 2111, 08654, explosion, allow, calibrate, better, prune, garden, bifurcating, then, study, depth, learn, use, accustomed, tools, quantum, mechanics, birth, almost, happen, good, does, spit, out, sat, bouchaud, 2017, daniel, carroll, 2020, giulio, fella, hourly, discussion, latest, dynamic, general, equilibrium, theory, nep, dge, blog,

Text of the page (random words):
comments for nep dge blog https nepdge wordpress com discussion about the latest research in dynamic general equilibrium theory wed 25 jan 2023 06 57 03 0000 hourly 1 http wordpress com comment on job ladder human capital and the cost of job loss by giulio fella https nepdge wordpress com 2023 01 24 job ladder human capital and the cost of job loss comment 12539 wed 25 jan 2023 06 57 03 0000 http nepdge wordpress com p 2020 comment 12539 thank you for featuring our paper comment on the dynamics of the racial wealth gap by daniel carroll https nepdge wordpress com 2023 01 17 the dynamics of the racial wealth gap comment 12519 wed 18 jan 2023 15 27 09 0000 http nepdge wordpress com p 2017 comment 12519 thank you for featuring our paper comment on crisis propagation in a heterogeneous self reflexive dsge model by jp bouchaud https nepdge wordpress com 2022 12 11 crisis propagation in a heterogeneous self reflexive dsge model comment 12479 sat 17 dec 2022 17 13 23 0000 http nepdge wordpress com p 1997 comment 12479 i of course totally disagree that abm is a waste of resources i could equally say the same of ge models scientific progress is incremental and one must be allowed to venture into untreaded paths on the comment that almost anything can happen in abms this is exactly what i like about them a good model is a model that does not spit out what you have put in like ge models do the explosion of data will allow one to calibrate abm better and prune down the garden of bifurcating paths until then one should study abms in depth to learn how to use them get accustomed to them like with all new tools think of quantum mechanics at its birth as a last note ideas coming from systems biology will help pruning down such big models in a disciplined way see e g our paper https arxiv org pdf 2111 08654 pdf and refs therein comment on crisis propagation in a heterogeneous self reflexive dsge model by m h https nepdge wordpress com 2022 12 11 crisis propagation in a heterogeneous self reflexive dsge model comment 12469 sun 11 dec 2022 21 51 48 0000 http nepdge wordpress com p 1997 comment 12469 i am surprised that you are promoting abm here as you mention this literature has so many free degrees of freedom that it can conclude anything hence no relevance whatsoever until abm can get disciplined by data it is a waste of resources comment on monetary policy in disaster prone developing countries by nikos fatouros https nepdge wordpress com 2022 05 23 monetary policy in disaster prone developing countries comment 11968 tue 24 may 2022 06 47 38 0000 http nepdge wordpress com p 1939 comment 11968 the main motivation behind this is that disaster prone developing economies are paying an extremely disproportionate price for climate change compared to their total contribution to the problem which is minimal production in such countries is mainly consisting of tourism services and agricultural output which is evidencing a low share on the aggregate world emissions however those countries are being faced with more frequent and more severe natural disaster occurrences as a result of climate change it would be extremely interesting to investigate the impact of major macroeconomic shocks in developed economies several papers are emphasizing on this but in this paper we take a different approach our narrative analysis focuses on analyzing the experience of those countries as well as providing insights on how monetary policy can be utilized in order to alleviate part of the excess burden later the results of our narrative analysis provide us assistance in order to construct a model tailored to the characteristics of disaster prone small open economies comment on liquidity constraints and fiscal multipliers by joão quelhas https nepdge wordpress com 2022 05 10 liquidity constraints and fiscal multipliers comment 11939 tue 10 may 2022 08 58 14 0000 http nepdge wordpress com p 1931 comment 11939 dear christian thank you for sharing this paper indeed it brings amazing results and provides interesting perspectives on the topic of wealth distribution and fiscal policies it is curious to see the difference between hand to mouth shares between european countries and to find that this is not significant for the difference between fiscal multipliers further research must be followed in order to understand these results great work diogo sá comment on worker firm screening and the business cycle by jake bradley https nepdge wordpress com 2022 03 21 worker firm screening and the business cycle comment 11835 tue 05 apr 2022 15 44 41 0000 http nepdge wordpress com p 1892 comment 11835 key to the mechanism in the paper is that to understand the movement in unemployment one also needs to understand the distribution of productivity amongst the employed in a standard search model following a shock unemployment moves extremely quickly to its new steady state however the distribution of productivity amongst the employed is far more sluggish thus a deep and prolonged recession as in 2008 will look very different from other recent recessions comment on opportunity and inequality across generations by winfried koeniger https nepdge wordpress com 2022 03 30 opportunity and inequality across generations comment 11806 fri 01 apr 2022 08 20 37 0000 http nepdge wordpress com p 1902 comment 11806 thanks for the comments here are some thoughts on your remarks it is true that dynasties self insure themselves via wealth accumulation and education investment for their offspring in fact that is exactly what we model the point is whether these actions are socially optimal in the current status quo they are not if one accounts for plausible frictions such as uninsurable risk and borrowing constraints which is what we do in our analysis moreover current generations may not put the same weight on the welfare of future generations as society so in these circumstances the subsidies we characterize come into play and they improve the aggregate outcome given that they implement the social optimum he trade off you mention when we think about an untalented rich kid going to a top school it is taking away the spot of a talented poor kid is in fact captured in our analysis at least to some extent because we account for borrowing constraints when modeling the status quo so some families without sufficient resources may indeed not be able to choose the socially optimal investment for their able offspring the subsidies which implement the social optimum relax such financial constraints in our analysis we also answer the question whether asset accumulation rather than education investment should be subsidized depending on the ability of the parents and their offspring i hope this clarifies comment on minimum wage shocks in an estimated dsge model with underreporting by alisher tolepbergen https nepdge wordpress com 2022 03 25 minimum wage shocks in an estimated dsge model with underreporting comment 11803 thu 31 mar 2022 17 08 42 0000 http nepdge wordpress com p 1897 comment 11803 dear christian zimmermann thank you very much for sharing my research on minimum wage i appreciate the interest in model developments for emerging economies if anyone has any questions regarding the model please feel free to contact me comment on monetary policy and endogenous financial crises by lee miller https nepdge wordpress com 2022 02 06 monetary policy and endogenous financial crises comment 11757 tue 08 feb 2022 22 07 50 0000 http nepdge wordpress com p 1860 comment 11757 preventing over investing would require more accurate pricing on loaned capital more over stopping that late abruptly would simply mean that capital would have to be reappropriated in accordance with changes in capital prices or liquidity which all but the text book definition of a correction and by a cursory look thats your argument for preventing one