 | Assistant Professor University of Maryland Verified email at econ.umd.edu Cited by 69 |
P D'Erasmo - Manuscript, University of Texas at Austin, 2008 - acrobatplanet.com
Abstract Evidence shows that emerging economies that have repeatedly defaulted on their
external obligations are still able to accumulate considerable amounts of debt. On average,
an emerging economy defaulted 3 times every 100 years and the ratio of government debt ...
D Corbae,
P D'Erasmo… - Journal of Monetary Economics, 2009 - Elsevier
This paper uses a dynamic political economy model to evaluate whether the observed rise
in wage inequality and decrease in median to mean wages can explain some portion of the
relative increase in transfers to low earnings quintiles and relative increase in effective tax ...
D Corbae… - 2011 - frbatlanta.org
Abstract We develop a model of banking industry dynamics to study the relation between
commercial bank market structure, business cycles, and borrower default frequencies. We
analyze an environment where a small number of dominant bank interact with a many ...
PN D'erasmo… - … Park, Maryland, United States: University of …, 2009 - nber.org
Page 1. Financial Structure, Informality and Development ∗ Pablo N D'Erasmo † University of
Maryland Hernan J Moscoso Boedo ‡ University of Virginia March 11, 2010 Abstract This is a
theory of total factor productivity based on measured capital market im- ...
HJM Boedo… - Virginia Economics Online Papers, 2009 - ideas.repec.org
Downloadable! This is a theory of total factor productivity based on measured capital market im-
perfections and costs of creating and operating formal sector firms. We develop a firm dynamics
model with endogenous formal and informal sectors where firms face a technol- ogy adoption ...
Abstract: In this paper I ask whether a model of firm capital accumulation with entry and exit
calibrated to match the investment regularities of US establishments is capable of
generating the dependence of firrm dynamics on size and age. Firms face uncertainty in ...
[CITATION] Government Reputation and Debt Repayment
P D'Erasmo - Manuscript, Department of Economics, University of …, 2008
Page 1. Misallocation, Informality, and Human Capital ∗ Pablo N D'Erasmo† University
of Maryland Hernan J Moscoso Boedo University of Virginia Aslı Senkal University
of Virginia February 6, 2012 Abstract We develop a theory ...
D Corbae… - 2012 - frbatlanta.org
Abstract We develop a model of banking industry dynamics to study the relation between
commercial bank market structure, risk taking, bank failure, and capital/liquidity
requirements. We assume Cournot competition where dominant banks can interact with ...
By Hernan J. Moscoso-Boedo and Pablo N. D'Erasmo; Abstract: We develop a theory of total
factor productivity to understand differences in pro- ductivity and human capital across.
[CITATION] A Quantitative Model of Banking Industry Dynamics (Preliminary and Incomplete)
D Corbae… - 2009
D Corbae,
P D'Erasmo… - 2006 Meeting Papers, 2006 - ideas.repec.org
This paper develops a political economy model to evaluate how inequality affects policies
via the political process. The model is an extension of Krusell and Rios-Rull (1999) to
incorporate uninsured idiosyncratic risk to income. Using this framework, we evaluate the ...
Abstract In this paper, we ask whether a default on domestic debt can arise out of
distributional incentives. We extend a standard model with heterogeneous agents and
incomplete markets where agents can only trade non-contingent government bonds to ...
RW Cooper, P D'Erasmo… - internationalgrowthcentre.com
This proposal outlines research on the implications of capital reallocation for aggregate
productivity. Existing research points to the productivity enhancing implications of
reallocation. Yet reallocation of capital and other factors is costly due to the presence of ...
Page 1. Intangibles and Endogenous Firm Volatility over the Business Cycle ∗ Pablo
N D'Erasmo† University of Maryland Hernan J Moscoso Boedo‡ University of Virginia
December 20, 2011 Preliminary Abstract We are interested ...
PN D'Erasmo - 2008 - books.google.com
Page 1. Copyright by Pablo Nicolas D'Erasmo 2008 Page 2. The Dissertation
Committee for Pablo Nicolas D'Erasmo certifies that this is the approved version
of the following dissertation: Essays in Dynamic Macroeconomics ...
Abstract Infrequent but dramatic episodes of outright default on domestic sovereign debt are
an important historical fact that remains unexplained. We propose an incomplete-markets,
heterogeneous-agents model in which domestic default can be optimal for a utilitarian ...
Abstract This paper uses a dynamic political economy model to evaluate whether the
observed rise in wage inequality and decrease in median to mean wages can explain some
portion of the increase in transfers to low earnings quintiles and increase in effective tax ...
D Corbae,
P D'Erasmo… - 2008 - carnegie-rochester.rochester.edu
Abstract This paper uses a dynamic political economy model to evaluate whether the
observed rise in wage inequality and decrease in median to mean wages can explain some
portion of the increase in transfers to low earnings quintiles and increase in effective tax ...
Page 1. Intangibles and Endogenous Firm Volatility over the Cycle ∗ Pablo N
D'Erasmo† University of Maryland Hernan J Moscoso Boedo‡ University of Virginia
November 17, 2011 Preliminary and Incomplete Abstract We ...
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