R Bachmann,
C Bayer, Universität München… - 2009 - nber.org
Abstract Is time-varying firm-level uncertainty a major cause or amplifier of the business
cycle? This paper investigates this question in the context of a heterogeneous-firm RBC
model with persistent firm-level productivity shocks and lumpy capital adjustment, where ...
R Bachmann,
C Bayer, Universität München… - 2009 - papers.ssrn.com
Abstract Using a German firm-level data set, this paper is the first to jointly study the cyclical
properties of the cross-sections of firm-level real value added and Solow residual
innovations, as well as capital and employment adjustment. We find two new business ...
R Bachmann, RJ Caballero, E Engel… - 2006 - nber.org
Abstract Microeconomic lumpiness matters for macroeconomics. According to our DSGE
model, it explains roughly 60% of the smoothing in the investment response to aggregate
shocks. The remaining 40% is explained by general equilibrium forces. The central role ...
R Bachmann, RJ Caballero… - 2006 - nber.org
The research activities of the NBER are funded by grants from federal research agencies, by
private foundations, and by generous donations from our corporate associates and from
private individuals. The NBER is a non-profit, 501 (c)(3) organization. For information on ...
R Bachmann - Economic Theory, 2006 - Springer
Abstract This paper investigates the testable implications of Pareto efficiency and individual
rationality on finite data sets in exchange economies with finitely many commodities and
agents. Efficiency alone provides no restrictions other than a trivial “no waste”-condition. ...
R Bachmann - Journal of Mathematical Economics, 2004 - Elsevier
In this paper we develop a nonparametric Walrasian theory for allocation data. We show,
using the Tarski–Seidenberg Theorem, that for each such data set or social plan, there exist
necessary and sufficient conditions on this data set to decide, whether it can be supported ...
[CITATION] Understanding jobless recoveries: a tale of two margins
R Bachmann - Unpublished manuscript, 2007
R Bachmann… - 2010 - nber.org
This paper explores the implications of economic and political inequality for the business
cycle comovement of government purchases. We set up and compute a heterogeneous-
agent neoclassical growth model, where households value government purchases which ...
[CITATION] Engel, 2006,“Lumpy Investment in Dynamic General Equilibrium”
R Bachmann, J Caballero Ricardo… - working paper MIT
R Bachmann… - 2010 - nd.edu
Abstract A widespread belief amongst economists, policy-makers, and members of the
media is that the “confidence” of households and firms is a critical component of the
transmission of fiscal and monetary policys shocks into economic activity. In this paper we ...
R Bachmann… - 2011 - nber.org
What fraction of the business cycle volatility of government purchases is accounted for as
endogenous reactions to overall macroeconomic conditions? We answer this question in the
framework of a neoclassical representative household model where the provision of a ...
R Bachmann - Economics Letters, 2006 - Elsevier
In this note the core of an exchange economy with a finite number of commodities and
agents is characterized by a family of polynomial inequalities. By the Tarski-Seidenberg
theorem the core is, thus, a theoretical concept that can be formulated in terms of ...
R Bachmann… - 2010 - mailhost.econ.yale.edu
Abstract This paper sets up and computes a stochastic neoclassical growth model where
agents face uninsurable idiosyncratic labor income risk and heterogenous discount factors.
Households value government purchases which are financed by income taxes. The ...
[CITATION] JOB MARKET PAPER
R Bachmann
R Bachmann - socialpolitik.de
Abstract Bachmann (2003b) derives necessary and sufficient conditions for the presence of
Walrasian equilibrium in a two-agent, n-good economy with two observations on individual
endowments and final consumptions. This paper tackles the question of rationalizability ...
R Bachmann - 2007 - gradworks.umi.com
Abstract: In the first chapter, I investigate the quantitative contribution of a cyclical
mechanism towards generating the jobless recoveries, observed in recent US business
cycles. I calibrate and compute a dynamic stochastic general equilibrium (DSGE) model of ...
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