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Cointegration and tests of purchasing power parity

[PDF] from 147.52.239.100
D Corbae… - The Review of Economics and Statistics, 1988 - JSTOR
Nonstationarity in the levels of spot exchange rates and domestic and foreign price indices
makes the use of conventional tests of the absolute version of purchasing power parity
(PPP) inappropriate. If PPP is true, inter-country commodity arbitrage ensures that ...
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A quantitative theory of unsecured consumer credit with risk of default

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S Chatterjee, D Corbae, M Nakajima… - Econometrica, 2007 - Wiley Online Library
We study, theoretically and quantitatively, the general equilibrium of an economy in which
households smooth consumption by means of both a riskless asset and unsecured loans
with the option to default. The default option resembles a bankruptcy filing under Chapter ...
Cited by 323 - Related articles - Library Search - BL Direct - All 66 versions

Money and price dispersion

[PDF] from purdue.edu
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G Camera… - International Economic Review, 1999 - Wiley Online Library
2. Abstract We relax restrictions on the storage technology in a prototypical monetary search
model to study price dispersion. In this case, buyers and sellers enter matches with
potentially different willingness to trade. Across the distribution of possible bilateral ...
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A Test of Long‐run Purchasing Power Parity Allowing for Structural Breaks*

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D Corbae… - Economic Record, 1991 - Wiley Online Library
* We are grateful to Guillermo Mondino, participants of the University of Melbourne
economics workshop, and three anonymous referees for helpful comments on an earlier
version of this paper. Ian McKenzie kindly provided the data used in this paper. ...
Cited by 82 - Related articles - All 5 versions

Directed matching and monetary exchange

Full text - MIT Libraries
D Corbae, T Temzelides… - Econometrica, 2003 - Wiley Online Library
We develop a model of monetary exchange where, as in the random matching literature,
agents trade bilaterally and not through centralized markets. Rather than assuming they
match exogenously and at random, however, we determine who meets whom as part of ...
Cited by 80 - Related articles - BL Direct - All 11 versions

Endogenous market participation and the general equilibrium value of money

S Chatterjee… - Journal of Political Economy, 1992 - JSTOR
We study the monetary theory implications of fixed costs associated with trade in private
assets. We show that with heterogeneous endowment profiles it is possible for an
endogenous subset of agents to hold currency even when it is dominated in return by a ...
Cited by 74 - Related articles - Get it from MIT Libraries - All 9 versions

Robust tests for unit roots in the foreign exchange market

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D Corbae… - Economics Letters, 1986 - Elsevier
Abstract Empirical studies that have tested for unit roots in foreign exchange rate data have
assumed independent and identically distributed errors in order to apply Dickey-Fuller test
procedures. This assumption ignores the temporal dependence of the error sequence ...
Cited by 53 - Related articles - All 6 versions

Band spectral regression with trending data

[PDF] from 128.36.236.35
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D Corbae, S Ouliaris… - Econometrica, 2002 - Wiley Online Library
Band spectral regression with both deterministic and stochastic trends is considered. It is
shown that trend removal by regression in the time domain prior to band spectral regression
can lead to biased and inconsistent estimates in models with frequency dependent ...
Cited by 48 - Related articles - Library Search - BL Direct - All 20 versions

On cointegration and tests of forward market unbiasedness

D Corbae, KG Lim… - The Review of Economics and Statistics, 1992 - JSTOR
This paper provides univariate and multivariate tests of the unbiasedness hypothesis in
forward market efficiency studies using canonical regression procedures for cointegrated
systems. The advantage of conducting inference on levels rather than differenced data ...
Cited by 47 - Related articles - Get it from MIT Libraries - All 7 versions

Experiments with network formation

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D Corbae… - Games and Economic Behavior, 2008 - Elsevier
We examine how groups of agents form trading networks in the presence of idiosyncratic
risk and the possibility of contagion. Specifically, four agents play a two-stage finite repeated
game. In the first stage, the network structure is endogenously determined through a non- ...
Cited by 38 - Related articles - All 19 versions

[PDF] Mortgage Innovation and the Foreclosure Boom

[PDF] from nber.org
D Corbae… - n Unpublished paper, University of Texas at Austin, 2009 - nber.org
Abstract We present a model where households select from a set of possible mortgage
contracts and choose whether to default on their mortgage payments given idiosyncratic
realizations of non-insurable income and housing price shocks. The mortgage menu ...
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Extracting cycles from nonstationary data

D Corbae… - … Theory and Practice: Frontiers of Analysis …, 2006 - books.google.com
At least since Burns and Mitchell (1946), economists have been interested in developing
methods for extracting" business cycle" components from the level of a time series. One
important practical issue, for example, is how to extract the cyclical component from real ...
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[PDF] Experiments with network economies

[PDF] from pitt.edu
D Corbae… - University of, 2000 - pitt.edu
Abstract This study examines groups of L subjects who repeatedly play a two~ stage game.
In the first stage, the network structure in which individuals interact is either exogenously
imposed or endoge0 nously determined through a noncooperative game. In the second ...
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Financial collapse: A lesson from the great depression

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R Cooper… - Journal of Economic Theory, 2002 - Elsevier
We analyze financial collapses, such as the one that occurred during the US Great
Depression, from the perspective of a monetary model with multiple equilibria. The
multiplicity arises from the presence of a strategic complementarity due to increasing ...
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[PDF] Credit scoring and competitive pricing of default risk

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S Chatterjee, D Corbae… - Manuscript, University of Texas at …, 2007 - usc.edu
... Fed. Res. Bank of Philadelphia Dean Corbae University of Texas Victor Rios-Rull ... December 8,
2005 1 USC FBE MACROECONOMICS AND presented by Dean Corbae FRIDAY, Dec. 9, 2005
3:30 pm – 5:00 pm, Room: HOH-601K INTERNATIONAL FINANCE WORKSHOP ...
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A reexamination of the consumption function using frequency domain regressions

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D Corbae, S Ouliaris… - Empirical Economics, 1994 - Springer
This paper reexamines the permanent income hypothesis (PIH) in the frequency domain. In
contrast to some time domain tests, our frequency domain approach provides an explicit and
natural test ofboth the permanentand transitory implications of the PIH for jointly ...
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On the aggregate welfare cost of great depression unemployment

[PDF] from wustl.edu
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S Chatterjee… - Journal of monetary Economics, 2007 - Elsevier
The potential benefit of policies that eliminate a small likelihood of economic crises is
calculated. An economic crisis is defined as an increase in unemployment of the magnitude
observed during the Great Depression. For the US, the maximum likelihood estimate of ...
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A finite-life private-information theory of unsecured consumer debt

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S Chatterjee, D Corbae… - Journal of Economic Theory, 2008 - Elsevier
We present a theory of unsecured consumer debt that does not rely on utility costs of default
or on enforcement mechanisms that arise in repeated-interaction settings. The theory is
based on private information about a person's type and on a person's incentive to signal ...
Cited by 25 - Related articles - Library Search - All 26 versions

Matching and money

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D Corbae, T Temzelides… - The American Economic Review, 2002 - JSTOR
In Corbae, Temzelides, and Wright (2001)(hereafter, CTW) we proposed a new version of
the framework that uses bilateral matching to model the exchange process, and in particular
to model the use of money as a medium of exchange. Our version does not have agents ...
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Financial fragility and the Great Depression

R Cooper… - 1997 - nber.org
We analyze a financial collapse, such as the one which occurred during the Great
Depression, from the perspective of a monetary model with multiple equilibria. The economy
we consider contains financial fragility due to increasing returns to scale in the ...
Cited by 22 - Related articles - Library Search - All 8 versions

[BOOK] An introduction to mathematical analysis for economic theory and econometrics

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D Corbae, M Stinchcombe… - 2009 - books.google.com
Providing an introduction to mathematical analysis as it applies to economic theory and
econometrics, this book bridges the gap that has separated the teaching of basic
mathematics for economics and the increasingly advanced mathematics demanded in ...
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Politico-economic consequences of rising wage inequality

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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 ...
Cited by 20 - Related articles - All 13 versions

A random walk through the Gibson paradox

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D Corbae… - Journal of Applied Econometrics, 1989 - Wiley Online Library
Abstract Evidence to support the Gibson paradox is often given in the form of a simple
correlation between the nominal interest rate and the log of price level, or in the form of a
simple linear regression between these two variables. Authors then show, using standard ...
Cited by 19 - Related articles - All 7 versions

[PDF] A theory of credit scoring and competitive pricing of default risk

[PDF] from ifk-cfs.de
S Chatterjee, D Corbae… - Unpublished working paper, …, 2008 - ifk-cfs.de
Abstract We propose a theory of unsecured consumer credit where:(i) borrowers have the
legal option to default;(ii) defaulters are not exogenously excluded from future borrowing;(iii)
there is free entry of lenders; and (iv) lenders cannot collude to punish defaulters. In our ...
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Decentralized credit and monetary exchange without public record keeping

Full text - MIT Libraries
D Corbae… - Economic Theory, 2004 - Springer
Summary. We relax a standard assumption on the matching technology in a search model of
money. In particular, agents may remain in a long-term partnership as long as it is in their
self-interest. With this simple modification, it is possible to support self-enforcing, ...
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[PDF] A Quantitative Model of Banking Industry Dynamics

[PDF] from frbatlanta.org
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 ...
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[CITATION] Monetary patterns of exchange with search

Full text - MIT Libraries
G Camera… - International Economic Review, 1999
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The demand for money:: A variable adjustment model

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S Ouliaris… - Economics Letters, 1985 - Elsevier
Abstract Standard models of the demand for money employ the partial adjustment
framework in which the adjustment parameter is specified as a constant over the entire
sample period. This paper relaxes this assumption. The adjustment parameter is specified ...
Cited by 9 - Related articles - All 5 versions

[CITATION] Money and search with enduring relationships

D Corbae… - Unpublished manuscript, 1997
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[PDF] Endogenous matching and money

[PDF] from cornell.edu
D Corbae, T Temzelides… - Univeristy of Pennsylvania, …, 2001 - gs.cornell.edu
Abstract We present a new framework for studying monetary economics. As in the random
matching literature, agents trade bilaterally, and not through centralized markets. However,
our approach is fundamentally different in the following sense: rather than assuming ...
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[BOOK] On the welfare gains of reducing the likelihood of economic crises

[PDF] from clevelandfed.org
S Chatterjee, D Corbae… - 2000 - clevelandfed.org
A central concern in macroeconomics has been whether policy should attempt to stabilize
cyclical fluctuations. In a thought0provoking argument, Lucas (1987) suggested that the
welfare gains from eliminating postwar variability in aggre0 gate consumption was ...
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[CITATION] On the optimality of exchange rate band policies

D Corbae, B Ingram… - University of Iowa, working paper, 1990
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Relaxing the cash-in-advance constraint at a fixed cost: Are simple trigger-target portfolio rules optimal?

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D Corbae - Journal of Economic Dynamics and Control, 1993 - Elsevier
This paper studies the microeconomic foundations of trigger-target rules of portfolio demand
such as the demand for money. It allows an agent to relax her cash-in-advance constraint by
paying a fixed transactions cost to move between money and the interest bearing asset. ...
Cited by 6 - Related articles - All 5 versions

[CITATION] Financial fragility and active monetary policy: A lesson from the Great Depression

R Cooper… - Manuscript. Boston University, 2000
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Valuation equilibria with transactions costs

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S Chatterjee… - The American Economic Review, 1995 - JSTOR
Transactions costs are a potentially important friction in macroeconomics. Yet, the task of
assessing the effects of measured transactions costs on aggregate equilibrium has
proceeded very slowly. For instance, in the field of asset-pricing, the effects of observed ...
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A competitive theory of credit scoring

S Chatterjee… - 2004 Meeting Papers, 2004 - ideas.repec.org
We study how credit scoring impacts the ability of individuals to consumption smooth. Our
environment has ex-ante heterogeneity of household types. Credit scoring is interpreted as
an intermediary's posterior of a household's type conditional on its bankruptcy and ...
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Money and finance with costly commitment

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S Chatterjee… - Journal of Monetary Economics, 1996 - Elsevier
We develop a variant of Townsend's turnpike model where the trading friction is related to a
commitment problem rather than spatial separation alone. Specifically, expenditure on
financial services is necessary to ensure commitment. When commitment is costless, the ...
Cited by 4 - Related articles - BL Direct - All 11 versions

[CITATION] On the Distribution of Money and Prices with Search

G Camera… - Manuscript. Iowa City: University of Iowa, 1996
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[BOOK] Financial collapse and active monetary policy: a lesson from the Great Depression

[PDF] from minneapolisfed.org
RW Cooper, D Corbae… - 2001 - minneapolisfed.org
ABSTRACT We analyze financial collapses, such as the one that occurred during the US
Great Depression, from the perspective of a monetary model with multiple equilibria. The
multiplicity arises from the presence of a strategic complementarity due to increasing ...
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[PDF] Information and Firm Dynamics

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R Castro, G Clementi… - 2005 - eea-esem.com
Abstract In this paper we assess whether informational frictions can successfully explain
certain stylized facts about firm dynamics. Our model nests two forms of informational friction
that differ in the distribution of information between insider to the firm (managers or ...
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[CITATION] Money and matching

D Corbae, T Temzelides… - 2000 - Manuscript
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[CITATION] A Quantitative Theory of Unsecured Consumer Credit with Risk and Default

C Satyajit, D Corbae, M Nakajima… - University of Pennsylvania, mimeo, 2002
Cited by 4 - Related articles

Endogenous realignments in a target zone

Full text - MIT Libraries
CJ Neely, PA Weller… - Oxford Economic Papers, 2003 - Oxford Univ Press
Abstract We examine the effects of endogenously determined realignment expectations in a
model of a target zone with sluggish price adjustment. We allow these expectations to be
based on a policy rule which generates an increasing probability of realignment as output ...
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Endogenous Realignments and the Sustainability of a Target Zone.

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CJ Neely, PA Weller… - Working Paper Series, 1994 - research.stlouisfed.org
We examine the effects of endogenously determined realignment expectations in a model of
a target zone with sluggish price adjustment. We allow these expectations to be based on a
policy rule that generates an increasing probability of realignment as output moves away ...
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[PDF] A Hotelling Model with Moneyì

[PDF] from rice.edu
D Corbae… - 2007 - ruf.rice.edu
Abstract We address Hotelling's venerable question about where shops endogenously
locate in variety space in an environment that shares certain features of search models of
money. Specifically, households are anonymous, have heterogeneous tastes, search is ...
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[CITATION] mEndogenous Market Participation and the General Equilibrium Value of Money, nJournal of Political Economy 100 (1992)

S Chatterjee… - $646
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[CITATION] Financial Fragility and Active Monetary Policy: A Lesson from the Great Depression: A Multiple Equilibrium Interpretation

RW Cooper… - 2000 - Boston University, mimeo
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[CITATION] A Quantitative Theory of Unsecured Credit with Risk of Default.” forthcoming

S Chatterjee, D Corbae, M Nakajima… - Econometrica, 2007
Cited by 2 - Related articles - Get it from MIT Libraries

[CITATION] José% Víctor Ríos% Rull, 2007

C Satyajit, D Corbae… - VA Quantitative Theory of Unsecured Con% sumer …
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[CITATION] Jose $ Victor Rios $ Rull. A quantitative theory of unsecured consumer credit with default

S Chaterjee, D Corbae… - 2007 - working paper
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[BOOK] Econometric theory and practice: frontiers of analysis and applied research

D Corbae - 2006 - books.google.com
Written in honor of Peter CB Phillips of Yale University by some of his former students, these
essays analyze a number of state of the art issues in econometrics, all of which Professor
Phillips has directly influenced through his scholarly contribution as well as through his ...
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[PDF] A recursive equilibrium model with credit scoring and competitive pricing of default risk

[PDF] from atl-res.com
S Chatterjee, D Corbae… - Working Paper, 2005 - atl-res.com
Abstract This paper explores how consumption smoothing (via borrowing and lending)
works when a person cannot commit to payback a loan. We study an environment where
individuals are of two types, with one type having a higher propensity to default on debt ...
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Financial Fragility in a Monetary Economy: Positive Implications and Policy Prescriptions

R Cooper… - Boston University-Institute for Economic …, 1999 - ideas.repec.org
We analyze financial collapses, such as the one that occurred during the US Great
Depression, from the perspective of a monetary model with multiple equilibria. The economy
we consider contains financial fragility due to increasing returns to scale in the ...
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[PDF] Federal Reserve Bank of Philadelphia

[PDF] from frb.org
S Chatterjee, D Corbae, M Nakajima… - Corbae: University, 2001 - phil.frb.org
Abstract We study, theoretically and quantitatively, the equilibrium of an economy with
unsecured consumer credit with the following features. Credit suppliers take deposits at a
given interest rate and offer loans to households via a menu of credit levels and ...
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[CITATION] Money and finance in a model of costly commitment

S Chatterjee… - Working Papers, 1994 - econpapers.repec.org
Related works: Working Paper: Money and Finance in a Model of Costly Commitment (1994)
This item may be available elsewhere in EconPapers: Search for items with the same title. ...
This site is part of RePEc and all the data displayed here is part of the RePEc data set.
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DP1253 Endogenous Realignments and the Sustainability of a Target Zone

PD Corbae, CJ Neely… - 1995 - cepr.org
We examine the effects of endogenously determined realignment expectations in a model of
a target zone with sluggish price adjustment. We allow these expectations to be based on a
policy rule which attaches differing weights to output and price stability. We find that for ...
Cached - All 3 versions

[CITATION] Introduction to Incompleteness and Uncertainty in Economics

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D Corbae… - Journal of Economic Theory, 2011 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to
view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
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Contracting Costs, Inflation and Relative Price Variability

P Davis, RM Stulz, D Corbae… - questia.com
A LARGE LITERATURE examines the relation between inflation and relative price
variability.(1) This literature derives its importance from the belief that, if higher inflation
leads to higher relative price variability, the welfare cost of inflation is greater than ...
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[PDF] Essays on Search Intensity and Health Shock-Induced Poverty in Rural China

[PDF] from utexas.edu
DP Corbae, DS Hamermesh, SJ Trejo… - lib.utexas.edu
... I am deeply indebted to Dr. Russell Cooper and Dr. Daniel Hamermesh for their academic
guidance and generous support. Helpful comments from my committee members Dr. Dean Corbae,
Dr. Stephen Trejo, and Dr. Rob Williams are highly appreciated. All errors are mine. I ...
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[PDF] Essays on inflation forecast based rules, robust policies and sovereign debt

[PDF] from utexas.edu
DC Dacy… - 2004 - lib.utexas.edu
Some optimal control macroeconomic models are naturally formulated as bilinear models-ie
models in which the only nonlinear elements are pairs of variables multiplying one another.
Models with handcrafted feedback policy rules could be seen as bilinear if their ...
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[PDF] Motelling: A Hotelling Model with Money

[PDF] from repec.org
D Corbae… - 2006 Meeting Papers, 2006 - repec.org
Abstract We apply a mechanism design approach to a trading post environment where the
household type space (tastes over variety) is continuous and it is costly to set up shops that
trade differentiated goods. In this framework, we address Hotelling's [3] venerable ...
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On the welfare implications of restricting bankruptcy information

D Chen… - Journal of Macroeconomics, 2011 - Elsevier
The Fair Credit Reporting Act (FCRA) dictates that adverse events such as a Chapter 7
bankruptcy filing must be removed from an individual's credit record after 10 years. The
intent of the law is to provide partial consumption insurance by giving an individual a fresh ...
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[PDF] Capital Requirements in a Quantitative Model of Banking Industry Dynamics

[PDF] from frbatlanta.org
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 ...
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Endogenous realignments and the sustainability of a target

D Corbae, C Neely… - Working Papers, 1998 - ideas.repec.org
We examine the effects of endogenously determined realignment expectations in a model of
a target zone with sluggish price adjustment. We allow these expectations to be based on a
policy rule that generates an increasing probability of realignment as output moves away ...
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Endogenous Realignments and the Sustainability of a Target Zone

PD Corbae, CJ Neely… - CEPR Discussion Papers, 1995 - ideas.repec.org
We examine the effects of endogenously determined realignment expectations in a model of
a target zone with sluggish price adjustment. We allow these expectations to be based on a
policy rule which attaches differing weights to output and price stability. We find that for ...
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[PDF] Heterogeneous Consumers: How the Demand Affects Outcomes in Vertically Differentiated Markets

[PDF] from utexas.edu
PD Corbae… - library.utexas.edu
First of all, I would like to thank my advisor, Russell Cooper, whose guidance and support
have been essential in my professional development. I am also grateful to Kenneth
Hendricks and other members of my dissertation committee, Dean Corbae, Kim Ruhl, and ...
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[CITATION] A Quantitative Model of Banking Industry Dynamics (Preliminary and Incomplete)

D Corbae… - 2009
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Politico economic consequences of rising income inequality

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 ...
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[PDF] Dynamics of health and employment: theory, evidence and policy implications

[PDF] from utexas.edu
D Corbae, S Donald… - 2009 - library.utexas.edu
This chapter examines the relationships between health, labor force participation and
medical spending in a simultaneous equations model using data from the Medical
Expenditure Panel Survey (MEPS). It finds a significant positive effect of health on labor ...
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[PDF] Essays on the Role of Institutions with Persistent Asymmetric Information and Imperfect Commitment

[PDF] from utexas.edu
PD Corbae… - library.utexas.edu
Abstract I study the market for information on consumer purchases. Consumers make
sequential buy decisions from two different firms. The consumer's valuations for the two
goods are positively correlated so the second firm would like to know who has bought the ...
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Contagion: An Experimental Study

D Corbae… - Econometric Society World Congress 2000 …, 2000 - ideas.repec.org
Does the network structure in which economic agents interact affect their ability to coordinate
of high payoff investments in environments with multiple equilibria? We conduct experiments
with paid human subjects in an effort to resolve this important question. Our experiment ...
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[PDF] Essays on exchange rate regimes and international financial crises

[PDF] from utexas.edu
D Corbae… - 2002 - library.utexas.edu
My dissertation examines international monetary arrangements, alternative exchange rate
regimes, inflation stabilizations and international financial crises. The first chapter of the
dissertation focuses on alternative choices of exchange rate regimes for a small open ...
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[PDF] A Theory of Credit Scoring and Competitive Pricing of Default Risk (Preliminary)

[PDF] from cemfi.net
S Chatterjee, D Corbae… - 2008 - cemfi.net
Abstract We propose a theory of credit scoring based upon an adverse selection approach
to reputation. Specifically we analyze an unsecured consumer credit market where:(i)
borrowers have the legal option to default;(ii) defaulters are not exogenously excluded ...
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[CITATION] Three essays on financial macroeconomics [electronic resource]

DD Saunders… - 2006 - en.scientificcommons.org
... Saunders, Drew Donald, 1968-,; Corbae, Dean, Supervisor. Abstract. Thesis (Ph.
D.)--University of Texas at Austin, 2004.. Supervisor: P. Dean Corbae.. Vita.. Includes
bibliographical references.. Requires PDF file reader. Publication details. ...
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Comment on Contracting Costs, Inflation, and Relative Price Variability

Full text - MIT Libraries
D Corbae - Journal of Money, Credit and Banking, 1993 - JSTOR
Patricia Reagan and Rene Stulz (hereafter RS) make an important contribution to the
literature by focusing our attention on how relative price variability may affect the design of
contracts. The authors argue that there are moral hazard problems associated with certain ...
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COMMENTS ON HOWITT'S “BEYOND SEARCH: FIAT MONEY IN ORGANIZED EXCHANGE”*

Full text - MIT Libraries
D Corbae - International Economic Review, 2005 - Wiley Online Library
Studying efficient ways to organize exchange is one of the objectives of monetary theory.
Shapley and Shubik (1977) were among the first to pose a static model that organized
multilateral exchange at trading posts between agents who have endowments of goods ...
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[PDF] Politico Economic Consequences of Rising Wage Inequality (Preliminary and Incomplete)

[PDF] from georgetown.edu
D Corbae, P D'Erasmo… - 2006 - georgetown.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 ...
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Econometric Theory and Practice

PD Corbae, SN Durlauf… - Cambridge Books, 2006 - econpapers.repec.org
This book is a collection of essays written in honor of Professor Peter CB Phillips of Yale
University by some of his former students. The essays, which were originally publishedin
2006, analyze a number of important issues in econometrics, all of which Professor ...
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[CITATION] Financial crises in developing countries [electronic resource]

M Fontenla… - 2006 - en.scientificcommons.org
... Fontenla, Matias, 1971-,; Corbae, Dean, Supervisor. Abstract. Thesis (Ph. D.)--University
of Texas at Austin, 2003.. Supervisor: P. Dean Corbae.. Vita.. Includes bibliographical
references.. Requires PDF file reader. Publication details. ...
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[CITATION] Macroeconomic Policy with a Reduced Interest Elasticity of Money Demand

PB Bennett… - 1982 - … , Federal Reserve Bank of New York
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[PDF] A Theory of Credit Scoring and Competitive Pricing of Default Risk (Preliminary and Incomplete)

[PDF] from upenn.edu
S Chatterjee, D Corbae… - 2007 - economics.sas.upenn.edu
Abstract We propose a theory of unsecured consumer credit where:(i) borrowers have the
legal option to default;(ii) defaulters are not exogenously excluded from future borrowing;(iii)
there is free entry of lenders; and (iv) lenders cannot collude to punish defaulters. In our ...
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[PDF] On the Foreclosure Boom

[PDF] from frbatlanta.org
D Corbae… - 2008 - frbatlanta.org
Abstract We present a simple quantitative model where agents with different characteristics
select from a set of possible mortgage contracts and choose whether to subsequently default
on their payments given realizations of idiosyncratic income and housing price shocks. ...
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[PDF] Credit Checks and Labor Market Outcomes

[PDF] from aeaweb.org
D Chen… - 2011 - aeaweb.org
Abstract According to a Survey by the Society for Human Resource Management (2010),
60% of human resource representatives interviewed in 2009 indicated that the companies
they worked for ran credit checks on potential employees. In this paper, we explore how ...
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[PDF] Politico Economic Consequences of Rising Wage Inequality (Preliminary)

[PDF] from rochester.edu
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 ...
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[PDF] Asset pricing dynamics in a fragile economy: theory and evidence

[PDF] from utexas.edu
A Almazan… - 2004 - lib.utexas.edu
/The efficient market hypothesis conjectures that asset markets are in0 formationally efficient
(Fama [1970]), ie, market prices at each point in time contain almost all available information
about the true value of the underlying asset. This conjecture is derived from the highly ...
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[PDF] Department of Economics University of Pittsburgh Pittsburgh, Pa 15260 January 2000

[PDF] from econometricsociety.org
D Corbae… - 2000 - econometricsociety.org
Abstract Does the network structure in which economic agents interact affect their ability to
coordinate on high payoff investments in environments with multiple equilibriaB We conduct
experiments with paid human subjects in an effort to resolve this important question. Our ...
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[CITATION] Matching and Money

Full text - MIT Libraries
T Temzelides, R Wright… - American economic review, 2002 - dialnet.unirioja.es
... Matching and Money. Autores: Ted Temzelides, Randall Wright, Dean Corbae;
Localización: American economic review, ISSN 0002-8282, Vol. 92, Nº 2, 2002 ,
págs. 67-71. Fundación Dialnet. Acceso de usuarios registrados. ...
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[CITATION] DIRECTED MATCHING AND MONETARY EXCHANGE

Full text - MIT Libraries
T Temzelides, R Wright… - Econométrica, 2003 - dialnet.unirioja.es
... DIRECTED MATCHING AND MONETARY EXCHANGE. Autores: Ted Temzelides, Randall
Wright, Dean Corbae; Localización: Econométrica, ISSN 0012-9682, Vol. 71, Nº 3, 2003 ,
págs. 731-756. Fundación Dialnet. Acceso de usuarios registrados. ...
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