 | Boston University Verified email at bu.edu Cited by 37 |
A McKay… - Journal of Monetary Economics, 2008 - Elsevier
Early studies of business cycles argued that contractions in economic activity were briefer
(shorter) and more violent (rapid) than expansions. This paper systematically investigates
this claim and in the process discovers a robust new business cycle fact: contractions in ...
J Bram… - Current Issues in Economics and Finance, 2005 - ideas.repec.org
Has the migration of jobs to the suburbs changed the commuting patterns in the New York
City metro area? An analysis of current commuting trends suggests that Manhattan remains
the region's undisputed employment center and that workers are actually traveling farther ...
Early studies of business cycles argued that contractions in economic activity were briefer
(shorter) and more violent (rapid) than expansions. This paper systematically investigates
this claim and in the process discovers a robust new business cycle fact: expansions and ...
J McCarthy, RW Peach… - manuscript, Federal Reserve …, 2004 - brookings.edu
Abstract The housing market in the US was quite robust recently, yet at the same time,
inflation of the tenant rent and owners' equivalent rent (OER) components of the CPI was
modest. This paper compares CPI tenant rent and OER inflation with counterpart ...
F Matějka… - 2011 - papers.ssrn.com
Abstract: Often, individuals must choose among discrete alternatives with imperfect
information about their values, such as selecting a job candidate, a vehicle or a university.
Before choosing, they may have an opportunity to study the options, but doing so is costly. ...
Abstract: I develop a general equilibrium model of household saving behavior in which the
quality of financial decisions is endogenously determined by the incentives to exert effort in
learning about financial opportunities. The model embeds an equilibrium search setting in ...
A McKay… - Unpublished manuscript, 2008 - sws.bu.edu
McKay and Reis (2008) presented a new business cycle factl contractions in employment
are briefer and more violent than expansions of employment while contractions of output are
not significantly briefer or more violentl and to explain it offered a model of business cycles ...
F Matejka… - 2012 - 128.197.153.21
Abstract We study a market with rationally inattentive consumers who are unsure of the
terms of the offers made by firms, but can acquire information about the terms at a cost. In a
symmetric equilibrium, the price set by firms is continuously increasing in the cost of ...
A McKay… - 2005 Meeting Papers, 2005 - econpapers.repec.org
... Spurious Investment Specific Technological Change. Alisdair McKay () and Bart Hobijn ()
Additional contact information Bart Hobijn: Domestic Research Function Federal Reserve Bank
of New York. No 652, 2005 Meeting Papers from Society for Economic Dynamics. ...
Abstract We demonstrate that wage volatility, measured as the cross-sectional variance of
wage changes in PSID data, is positively correlated with the unemployment rate, and thus it
is counter-cyclical. We quantify this relationship by estimating the regression coefficient of ...
Abstract We introduce a vintage capital model in which workers are matched with machines
of increasing quality. Quality improvements of the machines are the sole source of
technological change in this economy. However, the matching of workers with machines ...
Abstract I develop a general equilibrium model of saving behavior in which the quality of
financial decisions is endogenously determined by the incentives to exert effort in learning
about financial opportunities. The model generates predictions for asset holdings, asset ...
AG McKay - 2010 - gradworks.umi.com
UMI, ProQuest ® Dissertations & Theses. The world's most comprehensive collection of
dissertations and theses. Learn more... ProQuest, Essays on macroeconomics. by McKay, Alisdair
Graham, Ph.D., PRINCETON UNIVERSITY, 2010, 195 pages; 3393439. Abstract: ...
Abstract We introduce a vintage capital model in which workers are matched with machines
of increasing quality. Quality improvements of the machines are the sole source of
technological change in this economy. However, the matching of workers with machines ...
Abstract We introduce a vintage capital model in which workers are matched with machines
of increasing quality. Quality improvements of the machines are the sole source of
technological change in this economy. However, the matching of workers with ma& chines ...
A McKay… - 2011 - ideas.repec.org
Individuals must often choose among discrete alternatives with imperfect informa-tion about
their values. Before choosing, they may have an opportunity to study the options, but doing
so is costly. This costly information acquisition creates new choices such as the number of ...
A McKay… - IDEA, 2003 - 213.241.152.197
Abstract Wage volatility, measured as the cross-sectional variance of wage changes, is
positively correlated with the unemployment rate with a correlation coefficient of 0.61. We
decompose this correlation into three main factors. During a recession, wage volatility ...
A McKay… - 2011 - ideas.repec.org
We study a market with rationally inattentive consumers who are unsure of the terms of the
offers made by firms, but can acquire information about the terms at a cost. In a symmetric
equilibrium, the price set by firms is continuously increasing in the cost of information for ...
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