Browsing Τμήμα Οικονομικών / Department of Economics by Subject "macroeconomics"
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Article
Are any growth theories robust?
(2008)This article investigates the strength of empirical evidence for various growth theories when there is model uncertainty with respect to the correct growth model. Using model averaging methods, we find little evidence that ...
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Article
Global versus local shocks in micro price dynamics
(2016)A number of recent papers point to the importance of distinguishing between the price reaction to macro and micro shocks. We emphasize instead the importance of distinguishing between global and local shocks. We exploit a ...
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Article
Macroeconomic adjustment and poverty in selected industrial countries
(1991)The business cycle affects the incidence of poverty, as shown by evidence from Australia, Sweden, the United Kingdom, and the United States. Many of the poor in these countries are outside the labor market, and transfers ...