This study aims to conceptualise and document the historical evolution of microfinance in
Bangladesh using the life cycle theory (LCT). Based on the LCT nomenclature, the …

We study the causes behind the shift in the level of US GDP following the Great Recession.
To this end, we propose a model featuring endogenous productivity à la Romer and a …

We extend the endogenous growth model of Kung and Schmid (2015) by adding
endogenous labor dynamics and two variants of wage rigidities. This leads to an increase of …

In models of financial frictions, stock market booms tend to follow adverse liquidity shocks.
This finding is clearly at odds with the data. We demonstrate that this counterfactual result is …

This paper develops a two-country production economy with complete and frictionless
financial markets and international trade in which investments in research and development …

The choice of instruments for mitigating economic volatility is a serious consideration for
policymakers and important question in government and economics. Using a DSGE model …

In models of liquidity, stock market booms tend to follow adverse liquidity shocks. This result
is clearly at odds with the data. We demonstrate that allowing for endogenous productivity …

Purpose This study explores company strategies for intangibles. The authors investigate
whether it is reasonable for companies to intensify intangibles when the current strategy is …

Most of the theoretical work in the news shock literature abstracts away from structural
explanations, assuming instead that news is a pure signal giving agents advance notice that …

本稿は, ソ連中央統計局フォンド機密解除資料及びその他様々な統計資料を用いて,
中央アジア鉱工業及び建設業に関する可能な限り長期な統計系列を整備すると共に …