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Coordination failures and slow recoveries in macroeconomics

Submitted by Victor Wong (victorwong91@gmail.com) on 2018-05-29T21:31:48Z
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Previous issue date: 2018-05-09 / Coordination failures are one of the possible reasons why economies suffer during a recession and why they take long time to recover. This work studies a macroeconomic model with endogenous hazard rates that captures in a simple way the dynamic coordination problem and assess it quantitatively. We could find that, for the US economy, coordination failures have very small effects but very persistent. / As falhas de coordenação são uma das possíveis razões pelas quais as economias sofrem durante uma recessão e por que demoram para se recuperar. Este trabalho estuda um modelo macroeconômico que capta de forma simples o problema da coordenação dinâmica e o avalia quantitativamente. Encontramos que, para a economia dos Estados Unidos, falhas de coordenação têm efeitos pequenos, mas bem persistentes.

Identiferoai:union.ndltd.org:IBICT/oai:bibliotecadigital.fgv.br:10438/23999
Date09 May 2018
CreatorsWong, Victor
ContributorsMachado, Caio Henrique, Araujo, Luis Fernando Oliveira de, Escolas::EESP, Guimarães, Bernardo de Vasconcellos
Source SetsIBICT Brazilian ETDs
LanguageEnglish
Detected LanguageEnglish
Typeinfo:eu-repo/semantics/publishedVersion, info:eu-repo/semantics/masterThesis
Sourcereponame:Repositório Institucional do FGV, instname:Fundação Getulio Vargas, instacron:FGV
Rightsinfo:eu-repo/semantics/openAccess

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