___________________________________________________________________ There have been tremendous advances in macroeconomics, following the introduction of labor supply into the field. Today it is widely acknowledged that labor supply matters for many key economic issues, particularly for business cycles and tax policy analysis. However, the extent to which labor supply matters for such questions ...

The most popular method of measuring structural budget balances is the “gaps plus elasticities” approach. In this paper, it is argued that the idiosyncratic features of an economy need to be accounted for properly when seeking to achieve good estimates of structural budget balances using this method. The first step in this approach involves measuring the economy’s potential output in order to i...

In this talk I assert that the usual interpretation of what one means by “elasticity” is much too insular and illustrate my thesis by introducing implicit constitutive theories that can describe the nondissipative response of solids. I show that response which was hitherto untenable within the context of Cauchy or Green Elasticity are not only possible, they can explain phenomena that have thus...

This study aimed to use the petiole residues of miriti partially replace pine wood and evaluate effects this incorporation on physical mechanical properties particleboards. Panels were produced with 0, 25, 50, 75% in partial replacement 12% urea-formaldehyde adhesive. The chemical-physical showed potential particleboard production as they similar those pinewood. For properties, panels classifie...

this paper tries to analyze the impacts of intermediate goods trade on production, consumption, investment, net exports, employment, labor wage and capital rent of iran in its bilateral trade relations with china. this analysis has been done by modeling, solving and calibrating an international real business cycles (irbc) model in period 1980-2009. the results show that when elasticity of subst...

On the optimal path of an economy with capital and non-renewable resource inputs, and constant returns output of consumption and investment, the rate of exogenous technical progress in net national product equals the rate of progress in (gross) production, divided by one minus the production elasticity of the resource flow.