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Learning from Prices : Amplification and Business Fluctuations

Chahrour, Ryan - 2017

beliefs, generating positive price-quantity comovement. The feedback of beliefs into prices can be so strong that even …

Persistent link: https://www.econbiz.de/10012956266

Price, Wage and Employment Response to Shocks : Evidence from the WDN Survey

Bertola, Giuseppe - 2011

(WDN) on patterns of firm-level adjustment to shocks. We document that the relative intensity and the character of price vs …

Persistent link: https://www.econbiz.de/10013133770

On the Importance of Sectoral and Regional Shocks for Price-Setting

Beck, Günter W. - 2011

We use a novel disaggregate sectoral euro area data set with a regional breakdown to investigate price changes and …, sectoral, country-specific and regional components of price changes. We thereby provide an improved estimate of the sectoral … factor in comparison with previous literature, which decomposes price changes into an aggregate and idiosyncratic component …

Persistent link: https://www.econbiz.de/10013126869

Business Cycle Dynamics Under Rational Inattention

Maćkowiak, Bartosz - 2011

We develop a dynamic stochastic general equilibrium model with rational inattention by households and firms. Consumption responds slowly to interest rate changes because households decide to pay little attention to the real interest rate. Prices respond quickly to some shocks and slowly to other...

Persistent link: https://www.econbiz.de/10013127486

Asymmetric Information in Credit Markets, Bank Leverage Cycles and Macroeconomic Dynamics

Rannenberg, Ansgar - 2012

I add a moral hazard problem between banks and depositors as in Gertler and Karadi (2009) to a DSGE model with a costly state verification problem between entrepreneurs and banks as in Bernanke et al. (1999) (BGG). This modification amplifies the response of the external finance premium and the...

Persistent link: https://www.econbiz.de/10013099227

Loan Supply Shocks and the Business Cycle

Gambetti, Luca - 2012

This paper provides empirical evidence on the role played by loan supply shocks over the business cycle in the Euro Area, the United Kingdom and the United States from 1980 to 2010 by applying a time-varying parameters VAR model with stochastic volatility and identifying these shocks with sign...

Persistent link: https://www.econbiz.de/10013101121

Business Cycles, Monetary Transmission and Shocks to Financial Stability : Empirical Evidence from a New Set of Danish Quarterly National Accounts 1948-2010

Abildgren, Kim - 2012

a significant and long-lasting negative impact on real GDP following an exogenous shock to the banking sector's write …

Persistent link: https://www.econbiz.de/10013102102

Macroeconomic Uncertainty and the Impact of Oil Shocks

Van Robays, Ine - 2014

This paper evaluates whether macroeconomic uncertainty changes the impact of oil shocks on the oil price. Using a … production volatility, significantly increases the responsiveness of oil prices to oil shocks. This implies a lower price …, varying uncertainty about the macroeconomy can explain time variation in the oil price elasticity and hence in oil price …

Persistent link: https://www.econbiz.de/10013065408

Sudden Stop of Capital Flows and the Consequences for the Banking Sector and the Real Economy

Neagu, Florian - 2013

The paper develops a macro-prudential liquidity stress-testing tool in order to capture the possible consequences of a capital outflow (including a run of deposits). The tool includes a feedback from the banking sector to the real economy, incorporates a link between liquidity risk and solvency...

Persistent link: https://www.econbiz.de/10013075929

Monetary Policy and the Financing of Firms

De Fiore, Fiorella - 2012

How should monetary policy respond to changes in financial conditions? In this paper we consider a simple model where firms are subject to idiosyncratic shocks which may force them to default on their debt. Firms' assets and liabilities are denominated in nominal terms and predetermined when...

Persistent link: https://www.econbiz.de/10013116576