A Anagnostopoulos, O Licandro… - Journal of the …, 2007 - Wiley Online Library
Abstract We provide a simple theory of inflation inertia in a staggered price setting
framework à la Calvo (1983). Contrary to Calvo's formulation, the frequency of price changes
is allowed to vary according to an evolutionary criterion. Inertia is the direct result of ...
A Anagnostopoulos… - 2010 - papers.ssrn.com
Abstract: In this paper, we analyze the importance of the frequency of decision making for
macroeconomic dynamics. We explain how the frequency of decision making (period length)
and the unit of time measurement (calibration frequency) differ and study the implications ...
A Anagnostopoulos - Economics Working Papers, 2004 - ideas.repec.org
This paper examines consumption and savings dynamics in a standard model of incomplete
markets. Existence of equilibrium requires the imposition of exogenous debt limits but these
are often ignored because of the computational difficulties that arise in models with ...
A Anagnostopoulos, E Carceles-Poveda… - 2010 - web-docs.stern.nyu.edu
Abstract Motivated by the Jobs and Growth Tax Relief Reconciliation Act of 2003, we study
the effects of capital income tax cuts in a framework where firms make investment decisions
to maximize their market value and households are subject to uninsurable labor income ...
A Anagnostopoulos, O Licandro… - 2005 - evan.lunarmania.com
The dynamic general equilibrium framework is the fundamental analytical instrument for
macroeconomics, since it has huge advantages in helping us to understand the behavior of
modern economies. However, two important shortcuts have being pointed out in the past ...
A Anagnostopoulos… - Macroeconomic …, 2011 - Cambridge Univ Press
Abstract We analyze the importance of the frequency of decision making for macroeconomic
dynamics, in the context of a simple, well-known business cycle model with balanced budget
rules. We explain how the frequency of decision making (period length) and the ...
A Anagnostopoulos… - 2008 - ms.cc.sunysb.edu
Abstract. This paper studies a model of corporate finance in which firms use stock issuance
to finance investment. Since the firm recognizes the relationship between future dividends
and stock prices, future variables enter in the constraints and optimal policy is in general ...
GD Siourounis,
W Enders, E Papaioannou… - 2002 - Citeseer
Abstract This paper generalizes a 'no-arbitrage'or 'real business cycle'equilibrium model by
allowing for different time varying impatience parameters across countries and provides
empirical evidence for this model vis-à-vis a restricted one, where impatience parameters ...
A Anagnostopoulos, OE Atesagaoglu… - ms.cc.sunysb.edu
Abstract In the United States, the residential housing market went through important
changes over the period from the 1970s to the mid-1990s. Although the aggregate
homeownership rate was relatively constant during that period, the distribution of ...
A Anagnostopoulos, E Cárceles-Poveda… - 2011 - ms.cc.sunysb.edu
Abstract. Social optimization problems are often used in economics to study important
issues. In a social optimization problem, the sum of individual weighted utilities is maximized
over all feasible allocations that satisfy certain constraints. In this paper, we provide a ...
A Anagnostopoulos, OE Atesagaoglu… - 2010 - eea-esem.com
Abstract. The residential housing market in the US went through important changes over the
period of the 1970s to the mid-1990s. Although the aggregate homeownership rate was
relatively constant during that time, younger households saw generally substantial ...
A Anagnostopoulos… - 2010 - cepr.org
In this paper, we analyze the importance of the frequency of decision making for
macroeconomic dynamics. We explain how the frequency of decision making (period length)
and the unit of time measurement (calibration frequency) differ and study the implications ...
A Anagnostopoulos, E Carceles-Poveda… - 2010 - ideas.repec.org
This paper studies a model of corporate finance in which firms use stock issuance to finance
investment. Since the firm recognizes the relationship between future dividends and stock
prices, future variables enter in the constraints and optimal policy is in general time ...
A Anagnostopoulos - 2008 - 128.36.236.35
Abstract. This paper studies a model of corporate finance in which firms use stock issuance
to finance investment. In contrast to the existing literature, we assume that the firm is
VrationalV and therefore recognizes the relationship between future dividends and stock ...
A Anagnostopoulos - 2008 - eea-esem.com
Abstract. This paper studies a model of firm financing. We focus on financing by stock
issuance and its interaction with dividend policy. In contrast to the existing literature, we
assume that the firm is fully rational, in the sense that it recognizes the relationship ...
[CITATION] Output and Net Foreign Assets Persistence Under Incomplete International Markets
A Anagnostopoulos… - 2003
A Anagnostopoulos - Economics Working Papers, 2004 - ideas.repec.org
This paper investigates frictions in the international financial and goods markets and
assesses the welfare implications these frictions have. It is found that the reduction in goods
trading, which results from the presence of trade costs, significantly reduces consumer ...
A Anagnostopoulos… - 2003 - economics.soc.uoc.gr
ABSTRACT The aim of this paper is to develop an indirect test of international asset markets
incompleteness. We show that when a country issues a full set of contingent claims, net
foreign assets accumulation and growth rate of output are stationary, mean reverting ...
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