[PDF] Clearing Counterparty Risk and Aggregate Risk; Bruno Biais





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eco/wkp(2008)51 - do tax structures affect aggregate economic

14-Oct-2008 reflected in aggregate economic performance and that more distortive tax ... However



Do Tax Structures Affect Aggregate Economic Growth? Empirical

14-Oct-2008 A prediction often referred to as “Wagner's law” suggests that as economies grow the share of public expenditure in gross national product will ...





Technical Change and the Aggregate Production Function

As long as we insist on practicing macro-economics we shall need aggregate relationships. Even so there would hardly be any justifica- tion for returning to 



GDP as a Measure of Economic Well-being

15-Aug-2018 real GDP the most closely-watched aggregate economic indicator ... The income-side measure of GDP is known as Gross Domestic Income (GDI).



An Aggregative Model of Resource Allocation in a Metropolitan Area

net density used here is not "as net" as the ratio of population to land used for housing. Page 14. 210 AMERICAN ECONOMIC ASSOCIATION production. The former is 



Clearing Counterparty Risk and Aggregate Risk; Bruno Biais

10-Nov-2011 †Toulouse School of Economics email: bruno.biais@univ-tlse1.fr ... with aggregate risk nests the model without aggregate risk as a ...



AGGREGATE INCOME SHOCKS AND INFANT MORTALITY IN THE

But there is also a substitution effect as economic shocks decrease the opportunity cost of time and may free up mothers for time-intensive tasks that have 



An Illustration of a Pitfall in Estimating the Effects of Aggregate

334 THE REVIEW OF ECONOMICS AND STATISTICS As is well known OLS applied to data with corre- ... A number of studies in labor economics have at-.



Economic concepts explained [PDF]

ing to Keynesian economics state intervention is necessary to moderate the booms and busts in economic activity

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