This paper seeks to explore non neutrality of money in the dispersion of transition process following an unanticipated money injection. It examines the responses of the output and nominal price to shocks. We show that a certain class of money injection schemes will induce quantitatively significant and persistent response in output, sluggish price adjustment, and a short-run negatively-sloped P...

We analyze a situation where a principal wants to induce two firms to produce an output, e.g. electricity from renewable energy sources. Firms can undertake non-contractible investments to reduce production cost of the output. Part of these investments spills over and also reduces production cost of the other firm. Comparing a general price subsidy and an innovation tournament, we find that the...

The optimal weights on indicators in models with partial information about the state of the economy and forward-looking variables are derived and interpreted, both for equilibria under discretion and under commitment. An example of optimal monetary policy with a partially observable potential output and a forward-looking indicator is examined. The optimal response to the optimal estimate of pot...

The paper examines the relationship between stock market valuation and output growth at firm level. Specifically, it aims understanding impact of firms’ liquidity on real output. sample for study includes panel data Indian public limited manufacturing firms. covers period from March 2005 to 2020. Firms with least two consecutive years have been included in sample. full firm-year observations 87...

credence goods market is one of the markets that the asymmetric information has transformed it to a missing market. those goods and services that the applicant cannot determine the exact amount of their expenses due to the asymmetric information are called credence goods. from the economists' perspective, transaction in a market where participants are ignorant about each other is a game wi...

this paper explores the importance of oil sector in providing input for economic sectors and also its changes during the last decades in iran. to that end, the partial and total forward linkage between oil sector and other domestic production sectors as well as their changes are examined using the input-output tables of the years 1986 and 2001. and also based on the information on hand, perform...

Developing strategic areas utilizing existing potential will increase regional economic growth, overcome disparities, and reduce poverty. This study aims to determine the efficiency of district area development in reducing disparities poverty rates Dharmasraya Regency for 2016-2020 period. The results Data Envelopment Analysis (DEA) analysis, using assumption that input changes are directly pro...

Direct measurement techniques have recently been employed by some statistical agencies for the government output components in the SNA. These methods use proxies and indictator for outputs due to the inherent lack of market valuations. This article investigates the pros and cons of these new approaches and compares them with the traditional input method. This leads us to take a deeper look at t...

This paper asks how well a general equilibrium agency cost model describes the dynamic relationship between credit variables and the business cycle. A Bayesian VAR is used to obtain probability intervals for empirical correlations. The agency cost model is found to predict the leading, countercyclical correlation of spreads with output when shocks arising from the credit market contribute to ou...

in this paper, we have studied the effect of population on iranian economic growth by using optimal growth theory. optimal growth theory is a nonlinear dynamic planning. classical approaches in mathematics are used for solving these nonlinear systems. but, in this study, we have used genetic algorithm (ga) method. as results show, it seems that population growth in previous years (1350- 1386), ...