Browsing Faculté des arts et des sciences by Author "Cardia, Emanuela"
Now showing items 1-12 of 12
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Altruism, Intergenerational Transfers of Time and Bequests
(Université de Montréal. Département de sciences économiques., 2003)This paper uses a standard two-period overlapping generation model to examine the behavior of an economy where both intergenerational transfers of time and bequests are available. While bequests have been examined extensively, time transfers have ... -
Baby-boom, baby-bust and the Great Depression
(Université de Montréal. Département de sciences économiques., 2014-11)The baby-boom and subsequent baby-bust have shaped much of the history of the second half of the 20th century; yet it is still largely unclear what caused them. This paper presents a new unified explanation of the fertility Boom-Bust that links the ... -
Distortionary Taxation and Labor Supply: Evidence from Canada
(Université de Montréal. Département de sciences économiques., 1999)This paper examines empirically the effects of distortionary taxation on labor supply using a general equilibrium framework. The long-term relations predicted by the model are derived and tested using Canadian data between 1966 and 1993. While the ... -
Durable Goods, Inter-Sectoral Linkages and Monetary Policy
(Université de Montréal. Département de sciences économiques., 2008-08)Barsky, House and Kimball (2007) show that introducing durable goods into a sticky-price model leads to negative sectoral comovement of production following a monetary policy shock and, under certain conditions, to aggregate neutrality. These results ... -
The Effect of Public Spending on Consumption: Reconciling Theory and Evidence
(Université de Montréal. Département de sciences économiques., 2008-09)Recent empirical evidence from vector autoregressions (VARs) suggests that public spending shocks increase (crowd in) private consumption. Standard general equilibrium models predict the opposite. We show that a standard real business cycle (RBC) model ... -
Habit Formation and the Persistence of Monetary Shocks
(Université de Montréal. Département de sciences économiques., 2002)This paper studies the persistent effects of monetary shocks on output. Previous empirical literature documents this persistence, but standard general equilibrium models with sticky prices fail to generate output responses beyond the duration of ... -
The household revolution: childcare, housework, and female labor force participation
(Université de Montréal. Département de sciences économiques., 2013-07)Over the twentieth century, the allocation of womens' time changed dramatically. This paper explores the implications for the allocation of married womens' time stemming from: (1) the household revolution associated with the introduction of a variety ... -
How Important Are Intergenerational Transfers of Time? a Macroeconomic Analysis
(Université de Montréal. Département de sciences économiques., 2000)This paper examines the implications of intergenerational transfers of time and money for labor supply and capital accumulation. Although intergenerational transfers of time in the form of grandparenting are as substantial as monetary transfers in the ... -
International Business Cycles: What Are the Facts?
(Université de Montréal. Département de sciences économiques., 2000)Modern business cycle theory involves developing models that explain stylized facts. For this strategy to be successful, these facts should be well established. In this paper, we focus on the stylized facts of international business cycles. We use the ... -
International Transmission of the Business Cycle in a Multi-Sector Model
(Université de Montréal. Département de sciences économiques., 2000)Multi-country models have not been very successful in replicating important features of the international transmission of business cycles. Standard models predict cross-country correlations of output and consumption which are respectively too low and ... -
Sectoral Price Rigidity and Aggregate Dynamics
(Université de Montréal. Département de sciences économiques., 2009-02)In this paper, we study the macroeconomic implications of sectoral heterogeneity and, in particular, heterogeneity in price setting, through the lens of a highly disaggregated multi-sector model. The model incorporates several realistic features and ... -
The Transmission of Monetary Policy in a Multi-Sector Economy
(Université de Montréal. Département de sciences économiques., 2005)This paper constructs and estimates a sticky-price, Dynamic Stochastic General Equilibrium model with heterogenous production sectors. Sectors differ in price stickiness, capital-adjustment costs and production technology, and use output from each other ...
