Similar Search Results

Macro-financial volatility under dispersed information

Miao, Jianjun; Wu, Jieran; Young, Eric R. - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 1, pp. 275-315

We provide a production-based asset pricing model with dispersed information and small deviations from full rational expectations. In the model, aggregate output and equity prices depend on the higher-order beliefs about aggregate demand and individual stochastic discount factors. We prove that...

Persistent link: https://www.econbiz.de/10012415651

The effects of disaggregate oil shocks on the aggregate expected skewness of the United States

Sheng, Xin; Gupta, Rangan; Ji, Qiang - In: Risks : open access journal 11 (2023) 11, pp. 1-9

We examine the impact of the global economic activity, oil supply, oil-specific consumption demand, and oil inventory demand shocks on the expected aggregate skewness of the United States (US) economy, obtained based on a data-rich environment involving 211 macroeconomic and financial variables...

Persistent link: https://www.econbiz.de/10014435601

Policy and business cycle shocks : a structural factor model representation of the US economy

Forni, Mario; Gambetti, Luca - In: Journal of risk and financial management : JRFM 14 (2021) 8, pp. 1-21

find that (i) the US economy is well described by a number of structural shocks between two and five. Focusing on the four-shock …

Persistent link: https://www.econbiz.de/10012626760

US consumers' confidence and responses to COVID-19 shock

El-Massah, Suzanna; Bacheer, Shereen; Hassanein, Eslam - In: Review of economics and political science : REPS 8 (2023) 3, pp. 186-207

consumer confidence in the USA and to study their effects on US economic revivalism during and after the coronavirus disease … 2019 (COVID-19) shock. Design/methodology/approach - The authors use Michigan's monthly Consumer Sentiment Index and its … recovery and guidance for policymakers on ways to contain the COVID-19 shock negative impacts on the economy by restoring …

Persistent link: https://www.econbiz.de/10014318249

Spillovers from US monetary shocks : role of policy drivers and cyclical conditions

Arbatli-Saxegaard, Elif C.; Furceri, Davide; Gonzalez … - 2022

We provide new evidence on the spillover effects from US interest rate changes, focusing on factors that are pertinent to the current conjuncture: weak recovery prospects in emerging market and developing economies (EMDEs), and the confluence of macroeconomic shocks shaping the path of interest...

Persistent link: https://www.econbiz.de/10013350818

Market reactions to U.S. financial indices : a comparison of the GFC versus the COVID-19 pandemic crisis

Agatón Lombera, Dante Iván; Cardoso López, Diego Andrés - In: Economies : open access journal 12 (2024) 7, pp. 1-22

This study delves into the impacts of the 2008 global financial crisis (GFC) and the COVID-19 health crisis on U.S. financial indices, exploring the intricate relationship between economic shocks and these indices during downturns. Using Markov switching regression models and control variables,...

Persistent link: https://www.econbiz.de/10014636196

Bad news, good news : coverage and response asymmetries

Gambetti, Luca; Maffei-Faccioli, Nicolò; Zoi, Sarah - 2022

We study the dynamic link between economic news coverage and the macroeconomy. We construct two measures of media coverage of bad and good unemployment figures based on three major US newspapers. Using nonlinear time series techniques, we document three facts: (i) there is no significant...

Persistent link: https://www.econbiz.de/10013440425

How skills can drive competitiveness

Arpaia, Alfonso - In: Intereconomics : review of European economic policy 60 (2025) 1, pp. 18-27

Persistent link: https://www.econbiz.de/10015272697

Output and energy prices fluctuations in response to market shocks : system dynamic modeling

Kozytskyy, Valeriy; Oliskevyč, Marianna Oleksandrivna; … - In: International Journal of Energy Economics and Policy : IJEEP 13 (2023) 2, pp. 462-466

Persistent link: https://www.econbiz.de/10014366098

Granular cities

Esquierro, Leon; Silva, Sergio da - In: Economies : open access journal 12 (2024) 7, pp. 1-34

This study extends the concept of granularity from firms to cities, examining how large cities influence national economic dynamics beyond their relative size. By applying Zipf's law, which describes the power law distribution of city sizes, we investigate the interplay between granularity and...

Persistent link: https://www.econbiz.de/10014636161