L Barseghyan - Journal of Economic Growth, 2008 - Springer
Abstract This paper contributes to the literature on cross-country income differences by
studying the effect of entry barriers on productivity and output. Using instrumental variable
regressions I show that higher entry costs significantly reduce output per worker and that ...
L Barseghyan,
J Prince… - … Review, Vol. 101, No. 2, pp …, 2011 - papers.ssrn.com
Abstract: Using a unique data set, we test whether households' deductible choices in auto
and home insurance reflect stable risk preferences. Our test relies on a structural model that
assumes households are objective expected utility maximizers and claims are generated ...
L Barseghyan… - FRB of St. Louis Working Paper No. …, 2010 - papers.ssrn.com
Abstract: Entry costs vary dramatically across countries. To assess their impact on cross-
country differences in output and TFP, we construct a model with endogenous entry and
operation decisions by. rms. We calibrate the model to match the US distribution of ...
L Barseghyan - 2003 - en.scientificcommons.org
Publikationsansicht. 44848851. Non performing loans, prospective bailouts, and Japan's
slowdown / (2003). Barseghyan, Levon. Abstract. Thesis (Ph. D., Economics)--Northwestern
University, 2003.. Includes bibliographical references (p. 100-102).. Photocopy. ...
L Barseghyan… - Federal Reserve Bank of St. Louis …, 2009 - eea-esem.com
Abstract Entry costs vary dramatically across countries. To assess their impact we construct
a model with endogenous entry and operation decisions by firms and calibrate it to match
the US distribution of firms by age and size. Higher entry costs lead to greater ...
[CITATION] Fiscal Policy over the real business cycle: A positive theory
L Barseghyan, M Battaglini… - 2010 - mimeo
[CITATION] hNon Performing Loans
L Barseghyan - Government Guarantees and Persistent Declines in …, 2002
L Barseghyan - Japan and the World Economy, 2006 - Elsevier
It is often argued that a crowding out of capital must be accompanied by a rise in the rate of
return on capital and in the interest rate. This paper demonstrates that this does not need to
be the case by showing that the hypothesis of a crowding out of capital in Japan during ...
L Barseghyan - Journal of Monetary Economics, 2010 - Elsevier
The delay in the government bailout of the financial sector played a key role in Japan's
slowdown during the 1990s and early 2000s. This argument is articulated in a general
equilibrium model in which the government provides deposit insurance to the financial ...
[CITATION] VNon Performing Loans, Prospective Bailouts, and Persistent Declines in Economic ActivityV
L Barseghyan - 2006 - Mimeo, Cornell Univer& sity
L Barseghyan, F Molinari, T O'Donoghue… - …, 2010 - papers.ssrn.com
Abstract: We use data on households' deductible choices in auto and home insurance to
estimate a structural model of risky choice that incorporates" standard" risk aversion
(concave utility over final wealth), loss aversion, and nonlinear probability weighting. Our ...
L Barseghyan… - Federal Reserve Bank of St. Louis …, 2008 - papers.ssrn.com
Abstract: We investigate the relation between the quality of institutions and macroeconomic
volatility. Using instrumental variable regressions, we show that higher barriers to entry lead
to higher volatility. In particular, a one standard deviation increase in entry costs increases ...
L Barseghyan… - Working Paper Series, 2005 - research.stlouisfed.org
We analyze optimal discretionary monetary policy in an endogenous sticky prices model.
Similar models with exogenous sticky prices can deliver multiple equilibria. This is a
necessary condition for the occurrence of expectation traps (when private agents' ...
[CITATION] mEndogenous Productivity and Multiple Steady States, nFederal Reserve Bank of St
L Barseghyan… - 2008 - Louis, Working Paper
[CITATION] Entry Costs
L Barseghyan… - Industry Structure and Cross $ Country Income and …, 2010
L Barseghyan… - Federal Reserve Bank of St. …, 2010 - research.stlouisfed.org
The authors investigate the relationship between the quality of institutions and output
volatility. Using instrumental variable regressions, they address whether higher entry
barriers and lower property rights protection lead to higher volatility. They find that a 1- ...
[CITATION] Non Performing Loans, Government Guarantees, and Persistent Declines in Economic Activity
L Barseghyan - 2003 - … 2002.,“Crowding Out and the Rate …
L Barseghyan… - Economics Letters, 2011 - Elsevier
We reassess convergence of income across countries and its determinants. The ergodic
distribution of output per worker features multiple modes. In contrast to previous findings,
productivity in the long run is unimodal. The long-run distribution of human capital is ...
L Barseghyan… - 2005 - papers.ssrn.com
Abstract: We present a model of endogenous total factor productivity which generates
poverty traps. We obtain multiple steady state equilibria for an arbitrarily small degree of
increasing returns to scale. While the most productive firms operate across all the steady ...
L Barseghyan… - 2008 - arts.cornell.edu
Abstract We build a dynamic political economy model with a two% class society: workers
and the elite. A key feature of the model is that the formation of the elite, the rate of
innovation, taxes and public spending are endogenous. Differently from most of the ...
[CITATION] Exogenous Sticky Prices: Do They Really Matter
L Barseghyan… - 2001 - mimeo, Northwestern University
L Barseghyan… - Journal of Economic Theory, 2011 - Elsevier
We build a dynamic political economy model with a two-class society, workers and the elite,
in which the elite formation, the innovation rate and fiscal policy are endogenous. The model
generates a mapping between institutions and patterns of growth consistent with empirical ...
L Barseghyan… - 2007 - ideas.repec.org
We analyze optimal discretionary monetary policy in an endogenous sticky prices model.
Similar models with exogenous sticky prices can deliver multiple equilibria. This is a
necessary condition for the occurrence of expectation traps (when private agents' ...
L Barseghyan, F Molinari… - arts.cornell.edu
Abstract Shortly after the Revolution of 1789 France experienced a period of major hyper"
inflation, which lasted until 1796, when the French government abolished the paper money
and returned to the specie. In 1798 the French government ordered the local authorities in ...
L Barseghyan… - 2007 - eea-esem.com
Abstract We consider an economy, in which the elite controls the means of production. The
private incentives of each elite member contradict the interests of the elite as a whole. While
each member of the elite would benefit from engaging into new productive activities, the ...
L Barseghyan… - 2009 - econ.vt.edu
Abstract We build a dynamic political economy model with a two&class society: workers and
the elite. In the model the formation of the elite, the rate of innovation, taxes and public
spending are endogenous. We focus on the tension between private incentives and class ...
L Barseghyan… - Working Paper Series, 2008 - papers.ssrn.com
Abstract: We endogenize total factor productivity in a neoclassical model with increasing
returns to scale. We obtain multiple steady-state equilibria with an arbitrarily small degree of
increasing returns to scale. While the most productive firms operate across all the steady ...
L Barseghyan, F Milonari, T O'Donoghue… - ifo.de
Abstract We use data on insurance deductible choices to estimate a structural model of risky
choice that permits" standard" risk aversion, loss aversion, and probability weighting. We
show that loss aversion and probability weighting–though not separately identified without ...
L Barseghyan… - Working Papers, 2004 - economics.cornell.edu
Abstract Recently a number of countries have experienced a prolonged slowdown in
aggregate economic activity accompanied by a significant deterioration of the banksgnet
worth. This paper studies the optimal bank behavior when they are severely ...
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