Titlebook: Business Cycles and Macroeconomic Stability; Should We Rebuild Bu Jean-Oliver Hairault,Pierre-Yves Hénin,Franck Port Book 1997 Springer Sci

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Measuring Performance for Business Resultsin a general equilibrium model of an international monetary economy. Households and firms form optimal consumption, portfolio, investment and production plans in the presence of shocks to technologies and nominal money demands. The nominal exchange rate regime affects real economic performance becau

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Measuring Performance for Business Resultsicardian equivalence is expected to operate more fully at the provincial level than the national level, because at the national level those receiving benefits are not necessarily those paying the taxes — there is an element of redistribution across provinces. Alternatively, one can distinguish betwe

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Measuring Performance for Business Resultsry, asymmetric shocks to national income. We study the potential properties of such a system using historical data from the 12 EC economies. An insurance scheme with reasonable properties can be implemented on the basis of a fairly complex econometric formula. However, simplifying the computation of

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