Revisiting the effect of a technology shock on hours

Y Choi - Economics Letters, 2017 - Elsevier
A number of studies demonstrate that a positive technology shock leads to a short-run
decline in hours (employment). This paper shows that a standard flexible price model can …

[PDF][PDF] Government spending multipliers: New results from a model of naiveté

Y Choi - Economics Bulletin, 2019 - accessecon.com
The aim of this paper is to explore dynamic impacts of a government spending shock on key
macro-aggregates by develo** a neoclassical model of naiveté. The main finding reveals …

The Intrinsic Qualitative Properties of the Classical Optimal Stop** Problem are Invariant to the Functional Form of the Discount Function

MR Caputo - Natural Resource Modeling, 2008 - Wiley Online Library
The intrinsic qualitative properties of a generic optimal stop** model are shown to be
invariant to the functional form of the discount function. If the discount function is assumed to …

The intrinsic comparative dynamics of infinite horizon optimal control problems with a time-varying discount rate and time-distance discounting

MR Caputo - Journal of Economic Dynamics and Control, 2013 - Elsevier
The intrinsic comparative dynamics of a ubiquitous class of optimal control problems with a
time-varying discount rate and time-distance discounting are derived and shown to be …

[ОПИСАНИЕ][C] The Intrinsic Comparative Dynamics of Optimal Control Problems are Invariant to the Functional Form of the Discount Function and the Sophistication of …