#2008-023A "Endogenous Productivity and Multiple Steady States"
by Levon Barseghyan, and Riccardo DiCecio
July 2008

We endogenize total factor productivity in a neoclassical model with increasing returns to scale. We obtain multiple steady-state equilibria with an arbitrarily small degree of increasing returns to scale. More...

#2008-021A "Institutional Causes of Macroeconomic Volatility"
by Levon Barseghyan, and Riccardo DiCecio
June 2008

In this paper we investigate the relation between the quality of institutions and macroeconomic volatility. Using instrumental variable regressions, we show that higher barriers to entry lead to higher volatility. More...

#2005-068B "Heterogeneous Firms, Productivity, and Poverty Traps"
by Levon Barseghyan, and Riccardo DiCecio
October 2005
Revised December 2006

We present a model of endogenous total factor productivity which generates poverty traps. More...

#2005-036D "Optimal Monetary Policy, Endogenous Sticky Prices, and Multiple Equilibria"
by Levon Barseghyan, and Riccardo DiCecio

Revised 2007

We analyze optimal discretionary monetary policy in an endogenous sticky prices model. More...

PUBLISHED: Topics in Macroeconomics, January 2007, 7(1), Article 8