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The paper investigates how changes in industries' funding costs affect total factor productivity (TFP) growth. Based on …
Persistent link: https://www.econbiz.de/10012677536
and their distinct effects. Kilian (2009) analyzes the effects of an oil supply shock, an aggregate demand shock, and a … precautionary oil demand shock. The paper's aim is to model macroeconomic consequences of these shocks within a new Keynesian DSGE …
Persistent link: https://www.econbiz.de/10012677522
Contents -- I. INTRODUCTION -- II. THEORETICAL LITERATURE AND EMPIRICAL EVIDENCE -- III. THEORETICAL MODEL -- IV. DATA SOURCES AND VARIABLE CONSTRUCTION -- V. ESTIMATION METHODOLOGY AND RESULTS -- VI. CONCLUSIONS -- APPENDIXES
Persistent link: https://www.econbiz.de/10012682183
This paper examines the relative importance of external shocks as sources of business cycle fluctuations in Mexico, and identifies the dynamic responses of domestic output to foreign disturbances. Using a VAR model with block exogeneity restrictions, it finds that U.S. shocks explain a large...
Persistent link: https://www.econbiz.de/10014409022
This paper examines the relative importance of external shocks as sources of business cycle fluctuations in Mexico, and identifies the dynamic responses of domestic output to foreign disturbances. Using a VAR model with block exogeneity restrictions, it finds that U.S. shocks explain a large...
Persistent link: https://www.econbiz.de/10012677580
the structure of the economy can influence the speed of recovery and mitigate the persistence of the shock. Indeed …
Persistent link: https://www.econbiz.de/10012677840
Intro -- Contents -- I. INTRODUCTION -- II. DATA AND METHODOLOGY -- III. INTERNATIONAL COMPARISONS -- IV. RESULTS ACROSS CANADIAN PROVINCES -- V. EXTENDING THE CANADIAN MODEL -- VI. CONCLUSIONS -- REFERENCES -- Data Appendix.
Persistent link: https://www.econbiz.de/10012691050
States) to the Middle East and North Africa (MENA) region as well as outward spillovers from a GDP shock in the Gulf …. Shock to U.S. GDP -- B. Shock to Euro Area GDP -- C. Shock to Chinese GDP -- V. Outward Spillovers -- VI. Concluding Remarks …. Trade Weights, Averages over 1986-1988 -- Figures -- 1. Persistence Profiles of the Effect of a System-wide Shock to the …
Persistent link: https://www.econbiz.de/10012690165
This paper identifies over 100 inflation shock episodes in 56 countries since the 1970s, including over 60 episodes …
Persistent link: https://www.econbiz.de/10015059085
Employment informality is widespread across North Africa. This paper aims to shed light on the role played by the informal sector in labor market adjustments over the business cycle. It finds that the response of labor markets to output fluctuations is more muted in countries with higher...
Persistent link: https://www.econbiz.de/10015059182