We study groundwater management under a regime shock affecting water availability, using dynamic common-property resource game. The different players correspond to uses (irrigation or urban supply), enabling us consider competition between economic sectors for the stock with limited availability. have demand functions and, certain circumstances depending on shock, discount rates. effects of asy...

New Keynesian dynamic stochastic general equilibrium models with various specifications of technology, markup, and interest rate shocks are estimated Indian data using Kalman filter based pure Bayesian likelihood estimation. Preference found to be important for output determination, whereas markup inflation. News, as contained in stock market variables arising from anticipated rates, affects gr...

Despite the severe negative economic shock associated with COVID-19 pandemic, evidence from many contexts points to a surge in sales on online platforms, as well shifts composition of demand. This paper investigates how pandemic has affected both supply and demand for informal manual freelancers Mozambique. Using data digital labour marketplace Biscate, we quantify dynamics along four main dime...

Do borrowers demand less credit from banks with weak balance sheets, following monetary policy shocks? To answer this, we use novel bank-specific survey data matched sheet information for euro area banks. We find that, a shock, bank strength influences as well supply. Bank resilience is important firms when selecting lender and it therefore vital to control identifying supply shocks. An applica...

Shock liver describes a collecting pool of critically ill patients in whom the elevation of liver function tests or overt hepatic dysfunction is apparent. Different grades of shock liver affect about 50% of all intensive-care patients, varying from a mild elevation of serum aminotransferase and bilirubin levels in septic patients to an acute onset of high serum aminotransferases after haemodyna...

a r t i c l e i n f o This paper studies the implications of introducing internal versus external habits in an endogenous growth model with elastic labor supply. We first show that the comparative-static effects of a shock in habits parameters are qualitatively different depending on how habits are specified. An increase in the weight of habits in utility raises long-run growth and labor supply...

We study the impact of bank credit supply on the output and productivity of borrower firms. Exploiting a matched firm-bank database covering all credit relationships of Italian corporations over more than a decade, we measure idiosyncratic supply-side shocks to firm credit availability. Then, we estimate a production model augmented with heterogeneous financial frictions, to show that an expans...

assumption of exchange rate overshooting has significant position in international macroeconomic discussion. this phenomenon is one of the abnormal behaviors of exchange rate that happen in short run. dornbusch (1976) shows that because speed of equilibrium prices is slow relative to asset markets and commodity prices are sticky in the short run, however, over time, commodity prices will rise a...

As global warming accelerates extreme weather events such as floods, droughts and storms are likely to increase in intensity and frequency. With regard to a highly globalized world economy built on complex supply and value-added chains, this trend will challenge societies locally and globally. Regional production disruptions might induce shock waves that propagate through the global supply netw...

This study seeks to explain why crude oil prices fluctuate, the main cause being the quota regime, which characterises the OPEC agreements. Given that the Saudi oil supply is inelastic in the short term, a shock in the oil market is accommodated by an immediate price change. In contrast, a dominant firm behaviour in the long term causes an output change, which is accompanied by a smaller price ...