Now showing items 1-2 of 2

    • Capital Utilization and Returns to Scale 

      Burnside, A Craig; Eichenbaum, Martin; Rebelo, Sergio T (1995)
      This paper studies the implications of procyclical capital utilization rates for inference regarding cyclical movements in labor productivity and the degree of returns to scale. We organize our investigation around five ...
    • Government guarantees and self-fulfilling speculative attacks 

      Eichenbaum, Martin; Rebelo, Sergio (Journal of Economic Theory, 2004-11-01)
      We develop a model in which government guarantees to banks' foreign creditors are a root cause of self-fulfilling twin banking-currency crises. Absent guarantees, such crises are not possible. In the presence of guarantees ...