9 documents found, page 1 of 1

Asset liquidity and the welfare costs of business cycles

In this paper, we revisit the question of what the welfare costs of business cycles are with new insights. The seminal paper by Lucas (1987) found welfare costs to be negligible at around 1%, but subsequent literature focused on finding mechanisms that could rationalize larger welfare costs. Our study builds on recent research that incorporates incomplete markets, adjustment costs, and marginal propensities to ...

Avaliação de opções estratégicas para o aumento da capacidade aeroportuária da ...

Os aeroportos ocupam um lugar central nas redes de transporte, conectando as regiões à economia mundial e possibilitando o fluxo de pessoas, bens, serviços e informações. As infraestruturas aeroportuárias são essenciais para a estratégia de desenvolvimento económico dos países, sobretudo dos mais periféricos como Portugal, permitindo mitigar ou ultrapassar os efeitos negativos das longas distâncias aos principa...

Labor Share Heterogeneity and Fiscal Consolidation Programs

We show that the labor share of income is an important factor affecting the mechanisms behind fiscal consolidation programs, thus requiring consideration when evaluating fiscal multipliers across countries. We calibrate a life-cycle, overlapping generations model to match key characteristics of different European economies and evaluate the recessive impacts of fiscal consolidation programs. We find a positive r...

Fiscal Consolidation Programs and Income Inequality

Fiscal consolidation programs and income inequality

Pedro Brinca is grateful for financial support from the Portuguese Science and Technology Foundation, grants number SFRH/BPD/99758/2014, UID/ECO/00124/2013 and UID/ECO/00145/2013. Miguel H. Ferreira is grateful for financial support from the Portuguese Science and Technology Foundation, grant number SFRH/BD/116360/2016. Hans A. Holter is grateful for financial support from the Research Council of Norway, Grant ...

Business cycle synchronization across US states

We use wavelet analysis to conclude that individual U.S. states' business cycles are very well synchronized. We also find evidence of a strong and significant correlation between business cycle dissimilitudes and the distance between each pair of states, consistent to gravity type mechanisms where distance affects trade. Trade, in turn, increases business cycle synchronization, while a higher degree of industry...

Optimum currency area and business cycle synchronization across U.S. States

We use wavelet analysis to investigate to what extent individual U.S. states' business cycles are synchronized. The results show that the U.S. states are remarkably well synchronized compared to the previous findings w.r.t. the Euro Area. There is also a strong and significant correlation between business cycle dissimilitudes and the distance between each pair of states, consistent to gravity type mechanisms wh...

Jornalismo na Escola: um projeto do “Setúbal na Rede” para formar bons consumid...

Aproximar os cidadãos do jornalismo foi o objetivo principal do projeto “Jornalismo na Escola”, lançado pela Setúbal na Rede, Associação para a Cidadania, e com visibilidade através do portal “Setúbal na Rede”. E aquelas críticas que se ouviam amiúde dirigidas aos jornalistas, apareceram sistematizadas na boca dos adolescentes que foram chamados a participar nas iniciativas desenvolvidas nas escolas. Onze ...

Setúbal na Rede: o caso de um projecto pioneiro

Nem sempre as grandes ideias nascem dos grandes pensadores. Nem sempre as boas ideias são as grandes ideias...