We study a model of lumpy investment wherein establishments face persistent shocks to common and plant‐specific productivity, and nonconvex adjustment costs lead them to pursue generalized (, ) investment rules. (econometricsociety.org)
A novel contribution of the paper is the analysis of the general equilibrium dynamics arising from aggregate productivity shocks. (repec.org)
Measuring and explaining productivity growth of renewable energy producers: An empirical study of Austrian biogas plants. (uni-muenchen.de)
We also observe that measures of microeconomic uncertainty, such as the cross-sectional dispersion in plant- and firm-level total factor productivity (TFP), sales, and payouts, exhibit similar low-frequency patterns as the size premium. (quantpedia.com)
The second moment shocks to the idiosyncratic component capture time-varying cross-sectional dispersion in idiosyncratic productivity (microeconomic uncertainty) while the second moment shocks to the aggregate component capture fluctuations in macroeconomic uncertainty. (quantpedia.com)
Aggregate2
First, firms are subject to persistent idiosyncratic and aggregate TFP shocks with time-varying second moments. (quantpedia.com)
We find that the aggregate labour supply elasticity to a transitory wage shock is 1.75, with the extensive margin accounting for 62% of the response. (repec.org)
Persistent1
The low-frequency fluctuations of the size premium in the model are driven by the persistent volatility process for idiosyncratic TFP shocks. (quantpedia.com)
Establishments1
This is a difficult task given the high dimensionality of the state vector, which includes the distribution of establishments across capital levels and idiosyncratic shocks. (repec.org)
Empirical2
Plant level irreversible investment and equilibrium business cycles ," Discussion Paper / Institute for Empirical Macroeconomics 115, Federal Reserve Bank of Minneapolis. (repec.org)
Calibrating the idiosyncratic volatility process to our empirical measure, we show that our model can provide a quantitatively relevant account of the observed size premium waves. (quantpedia.com)
Extent1
The extent to which equity markets are impacted by the Ukrainian crisis will depend on whether the situation remains an idiosyncratic risk event or evolves into a systemic one. (lombardodier.com)
Economics1
This challenge has been met by a number of papers in the economics literature, which exploit major shocks to early-life health in the forms of famine and epidemics. (lu.se)
Seeds5
I love starting annual flowers and vegetables from seeds, but until about a week ago, I had always direct seeded my plants in the garden rather than trying to start them indoors. (blogspot.com)
There's a mat that uses capillary action to soak up water from a reservoir to give the seedswater from the bottom, so you don't even need to worry about misting the plants. (blogspot.com)
Well, actually the okra was planted on March 27th because I forgot that it's best to soak okra seeds in water for 24 hours to aid germination. (blogspot.com)
From what I understand, it's typical to start seeds indoors 4-6 weeks before planting outside, but I worry that these plants would be completely root-bound in that length of time. (blogspot.com)
it was a playground of the unexpected and I remember feeling both exhilarated and lonely, though the loneliness was a catalyst for writing, a fertile ground for planting my little seeds. (annemarsella.com)
Albeit2
Pathways played a lot like a Lovecraftian interpretation of System Shock (albeit a year before System Shock's launch). (polygon.com)
This mighty power plant, albeit with varying degrees of tuning, propelled the first Lamborghini model, the 350 GT, with a displacement of 3.5 liters and outputting 280 hp/284 ps (209 kilowatts) and 240 pound-feet (325 Nm) of torque. (facebook-baixar.com)
Degrees1
and household consumption, which is the downstream outcome of functioning agrifood systems, subject to varying degrees of demand shocks, such as loss of income, depending on the proportion of vulnerable groups in the population. (wikipedia.org)
Paper2
Plant level irreversible investment and equilibrium business cycles ," Working Paper Series WP-98-1, Federal Reserve Bank of Chicago. (repec.org)
The area is filled with oak, chestnut, cork, and other plants native to Galicia, as well as pine for paper pulp. (amongthestones.com)
20201
Economic downturns in 2020, including those resulting from COVID-19 restrictions, delivered the hardest blow in decades to those suffering from hunger, increasing the number of undernourished people by 118 million in 2020 alone and illustrating the devastating impact of a shock that occurs alongside existing vulnerabilities. (wikipedia.org)
High3
When TFP dispersion is high, small fi rms are subjected to a larger history of negative idiosyncratic shocks that increases their exposure to longrun risks relative to periods with low TFP dispersion. (quantpedia.com)
In Latin America (aside from idiosyncratic cases such as Argentina and Venezuela, where high inflation rates have long been the norm), inflation began to rise the first half of 2021, at the same time it did in the US. (cgdev.org)
Greene also explains some of the more idiosyncratic choices on the list, including a high ranking for '80s rocker Billy Squier dancing in his notorious video for "Rock Me Tonite. (yahoo.com)
Defense1
Here's another defense: the plants also tag caterpillars for predators by feeding them a sweet snack (full episode here ) that makes them give off a strong scent. (schneier.com)
Food security1
The higher this proportion, the more difficult it is to protect food security and nutrition from shocks. (wikipedia.org)
Single2
The first batch of songs, through single "The Shock of the Lightning," play up Oasis as '60s-inspired rock band, but the rest of Soul delves into the Beatles' drug years - it is the trippiest material the band has given us. (tm3am.com)
By genius he means genie, that magical being by which my life has been steered, which obeys the directives of a single, idiosyncratic master: myself. (inquiringmind.com)
Common1
There's a common theme and some idiosyncratic story-telling techniques we're going to explore throughout this piece. (polygon.com)
Market1
The mean-reverting idiosyncratic TFP shocks helps to generate a negative relation between firm market capitalization and expected returns in the stationary distribution. (quantpedia.com)
Process1
At the same time, a pilot plant is setting up operations in Colorado to process small batches of REEs, slated to start later this year. (intpolicydigest.org)
Major2
But as agrifood systems are affected by climate shocks and stresses, they are themselves a major driver of climate change. (wikipedia.org)
Results show that planting drought-tolerant crop varieties (55%), growing diversified crops (34%), growing early maturing crops (22%), and diversifying the sources of household income (18%) were the four major adaptation strategies used by the farmers in the study area. (bvsalud.org)
Show1
Our results show how temporary disruptions can lead to reshoring even in a domestic trade context, through plants engaged in inter-state trade shifting to intra-state trade. (ideasforindia.in)
Past2
The idiosyncratic character of the place is a result of its multiple layers - its history, fluctuations of its shape, its past and present functions and the way it is treated by the presence - fenced, out of sight and undergoing spatially violent destruction. (gabrielachojnowska.com)
This led us to ask: what can past geopolitical shocks tell us about the potential impact on equities, and how could disruption to Russia's oil and gas exports exacerbate inflationary pressures? (lombardodier.com)
Producers1
Potash producers have reduced capacity in response to demand shock. (morningstar.com)
Demand1
This increased food demand is compounded by shocks and stresses, including more frequent and intense extreme and slow-onset events due to climate change, which threaten both agricultural production - crops, livestock, aquaculture, fisheries and forestry - and the middle and downstream stages of agrifood systems. (wikipedia.org)
Investment1
Plant-Level Irreversible Investment and Equilibrium Business Cycles ," American Economic Review , American Economic Association, vol. 92(1), pages 181-197, March. (repec.org)
Small1
Small firms are those that have received a recent history of negative idiosyncratic shocks. (quantpedia.com)
Level1
The input-sourcing datasets are similar and provide monthly information at the plant level. (ideasforindia.in)
Find2
We find that reshoring 1 by plants, whereby inter-state sales are diverted to intra-state, explains the observed collapse in trade up to six months after the border closures were lifted. (ideasforindia.in)
The serene Zhuyincenjin is almost a shock to the senses when you find it. (thaiairways.com)
Give1
Plants, brick and teak give Latosol Coffee an earthy vibe. (thaiairways.com)
Sales1
This is explained by 'reshoring', as plants more dependent on inter-state sales (and input-sourcing) shifted to intra-state sales (and input-sourcing). (ideasforindia.in)