Search Results - subject:"persistent fluctuations"

Nature and causes of economic fluctuations : evidence from the U.S. based on a nonlinear autoregressive integrated process

Li, Xiang; He, Zonglu - In: International journal of empirical economics 2 (2023) 3, pp. 1-21

persistent fluctuations, derived from a general economic data generation process obtained using the dimensionless nonlinear … accumulation of noise from exogenous shocks, leading to persistent fluctuations. We find that the economic deterministic trend is … by avoiding t√ growth losses from permanently persistent fluctuations. Thus, (ω/α)t is the maximum value obtained along …

Persistent link: https://www.econbiz.de/10014430575

A discrete-time dynamic model of real-financial markets interactions

Sordi, Serena; Naimzada, Ahmad; Dávila-Fernández, … - 2023

Persistent link: https://www.econbiz.de/10015189189

Keynesian Macrodynamics and the Phillips Curve. An Estimated Baseline Macromodel for the U.S. Economy

Chen, Pu; Chiarella, Carl; Flaschel, Peter; Semmler, Willi - Finance Discipline Group, Business School - 2006

In this paper we formulate a baseline disequilibrium AS-AD model and empirically estimate it with time series data for the US-economy. The version of the model used here exhibits a Phillips-curve, a dynamic IS curve and a Taylor interest rate rule. It is based on sticky wages and prices, perfect...

Persistent link: https://www.econbiz.de/10005102346

Real-Financial Interaction: A Reconsideration of the Blanchard Model with a State-of-Market Dependent Reaction Coefficient

Chiarella, Carl; Flaschel, Peter; Semmler, Willi - Finance Discipline Group, Business School - 2001

We reformulate and extend the Blanchard model of output dynamics, the stock market and interest rates that studies Keynesian IS-LM analysis from the perspective of a richer array of short-term bonds. Thus investment demand now depends on Tobin's average q in the place of the real rate of...

Persistent link: https://www.econbiz.de/10005112874