295 records from EconBiz based on author Name

1. A macroeconomic model of healthcare saturation, inequality and the output-pandemia tradeoff

Mendoza, Enrique G.; Rojas, Eugenio; Tesar, Linda L.; Zhang, Jing;
2021
Type: Graue Literatur; Non-commercial literature; Arbeitspapier; Working Paper;
Availability: Link Link
Citations: 2 (based on OpenCitations) Cited By

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2. A macroeconomic model of healthcare saturation, inequality and the output-pandemia tradeoff

Mendoza, Enrique G.; Rojas, Eugenio; Tesar, Linda L.; Zhang, Jing;
2021
Type: Aufsatz in Zeitschrift; Article in journal;
Availability:

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3. A North-South Model of Structural Change and Growth

abstract

This paper is motivated by a set of cross-country observations on economic growth, structural transformation, and investment rates in a large sample of countries, We observe a hump-shaped relationship between a country’s investment rate and its level of development, both within countries over time and across countries. Advanced economies reach their investment peak at a higher level of income and at an earlier point in time relative to emerging markets. We also observe the familiar patterns of structural change (a decline in the agricultural share and an increase in the services share, both relative to manufacturing). The pace of change observed in the 1930 to 1980 period in advanced economies is remarkably similar to that in emerging markets since 1960. Motivated by these facts, we develop a two-region model of the world economy that captures the dynamics of investment and structural change. The regions are isolated from each other up to the point of capital market liberalization in the early 1990s. At that point, capital flows from advanced economies to emerging markets and accelerates the process of structural change in emerging markets. Both regions gain from the liberalization of financial markets, but the majority of the gains accrue to the emerging economies. The overall magnitude of gains depends on the date of liberalization, the relative sizes of the two regions and the degree of asymmetry between the two regions at the point of liberalization. Finally, we consider the impact of a “second wave” of liberalization when China fully opens its economy to capital inflows

Aristizábal-Ramirez, Maria; Leahy, John Vincent; Tesar, Linda L.;
2023
Availability: Link

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4. A north-south model of structural change and growth

Aristizábal-Ramirez, Maria; Leahy, John Vincent; Tesar, Linda L.;
2023
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link
Citations: 1 (based on OpenCitations) Cited By

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5. Labor mobility and unemployment over the business cycle

Foschi, Andrea; House, Christopher L.; Proebsting, Christian; Tesar, Linda L.;
2023
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link

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6. A macroeconomic model of healthcare saturation, inequality and the output-pandemia trade-off

Mendoza, Enrique G.; Rojas, Eugenio; Tesar, Linda L.; Zhang, Jing;
2023
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link

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7. A macroeconomic model of healthcare saturation, inequality and the output-pandemia tradeoff

Mendoza, Enrique G.; Rojas, Eugenio; Tesar, Linda L.; Zhang, Jing;
2020
Type: Graue Literatur; Non-commercial literature; Arbeitspapier; Working Paper;
Availability: Link

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8. A Macroeconomic Model of Healthcare Saturation, Inequality and the Output-Pandemia Tradeoff

abstract

COVID-19 became a global health emergency when it threatened the catastrophic collapse of health systems worldwide. Its particular mix of rapid spread and severity caused demand for health goods and services and their relative prices to surge, unlike other diseases that are deadlier (e.g. Ebola, MERS) or just as contagious but less severe (e.g. Influenza, H1N1). Governments responded with prolonged lockdowns that caused large drops in economic activity. Empirical evidence shows that lockdowns and healthcare saturation explain a sizable fraction of cross-country variation in observed GDP drops even after controlling for COVID cases and mortality. We explain this output-pandemia tradeoff as resulting from a shock to the Stone-Geary subsistence level of health that is larger at higher levels of capital utilization in a model with capitalists and workers. A health system's degree of saturation is the gap between supply and subsistence levels. The tradeoff is non-linear, with sharply larger welfare costs as lockdowns or healthcare saturation tighten. An externality distorts utilization, because firms do not internalize that lower utilization relaxes healthcare saturation. Optimal lockdowns remove it, but small deviations leave health systems closer to saturation or impose large output costs. Inequality worsens markedly with pandemias, increases sharply their welfare costs, and makes large transfers to workers optimal

Mendoza, Enrique G.; Rojas, Eugenio; Tesar, Linda L.; Zhang, Jing;
2020
Availability: Link Link
Citations: 4 (based on OpenCitations) Cited By

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9. A macroeconomic model of healthcare saturation, inequality & the output-pandemia tradeoff

Mendoza, Enrique G.; Rojas, Eugenio; Tesar, Linda L.; Zhang, Jing;
2020
Type: Graue Literatur; Non-commercial literature; Arbeitspapier; Working Paper;
Availability: Link

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10. Austerity in the aftermath of the Great Recession

House, Christopher L.; Proebsting, Christian; Tesar, Linda L.;
2019
Type: Graue Literatur; Non-commercial literature; Arbeitspapier; Working Paper;
Availability: Link

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