Similar Search Results

How Does the Economic Uncertainty Affect Asset Prices Under Normal and Financial Distress Times?

Balcilar, Mehmet; Ozdemir, Zeynel Abidin; Ozdemir, Huseyin - 2022

shocks depends on financial conditions. Our model allows us to change the response of the US financial markets to volatility …

Persistent link: https://www.econbiz.de/10013406435

Groupthink : Collective Delusions in Organizations and Markets

Bénabou, Roland - 2013

This paper investigates collective denial and willful blindness in groups, organizations and markets. Agents with anticipatory preferences, linked through an interaction structure, choose how to interpret and recall public signals about future prospects. Wishful thinking (denial of bad news) is...

Persistent link: https://www.econbiz.de/10013083377

Transmission of US and EU Economic Policy Uncertainty Shock to Asian Economies in Bad and Good Times

Balcilar, Mehmet - 2020

This study empirically examines the fragility of five major Asian economies (China, Hong Kong, India, Japan, and South Korea) to economic policy uncertainty (EPU) of US and EU, and oil prices in different state of the economies. To investigate these dynamics, we use the relative tail dependence...

Persistent link: https://www.econbiz.de/10012833241

Policies in Hard Times : Assessing the Impact of Financial Crises on Structural Reforms

Gokmen, Gunes - 2020

It is commonly argued that crises open up a window of opportunity to implement policies that otherwise would not have the necessary political backing. The argument goes that the political cost of deep reforms declines as crises unravel structural problems that need to be urgently rectified and...

Persistent link: https://www.econbiz.de/10012842057

On Measuring Uncertainty : Snakes and Ladders

Junankar, P. N. Raja - 2016

measurement in influencing economic decisions. They attempt to measure uncertainty by indexes of volatility of the stock market …

Persistent link: https://www.econbiz.de/10012982105

Business Cycle Effects of Credit and Technology Shocksin a DSGE Model with Firm Defaults

Pesaran, M. Hashem; Xu, TengTeng - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011

This paper proposes a theoretical framework to analyze the impacts of credit and technologyshocks on business cycle dynamics, where firms rely on banks and households for capitalfinancing. Firms are identical ex ante but differ ex post due to different realizations of firmspecific technology...

Persistent link: https://www.econbiz.de/10009522213

Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults

Pesaran, M. Hashem - 2011

This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle dynamics, where firms rely on banks and households for capital financing. Firms are identical ex ante but differ ex post due to different realizations of firm specific technology...

Persistent link: https://www.econbiz.de/10013119292

Uncovering the Mechanism(S) : Financial Constraints and Wages

Arabzadeh, Hamzeh; Balleer, Almut; Gehrke, Britta - 2021

and unemployment volatility …

Persistent link: https://www.econbiz.de/10013314727

The Cyclical Volatility of Labor Markets Under Frictional Financial Markets

Petrosky-Nadeau, Nicolas - 2010

Financial frictions are known to raise the volatility of economies to shocks (e.g. Bernanke andGertler 1989). We follow … this line of research to the labor literature concerned by the volatility of labor market outcomes to productivity shocks … are a good candidate to solve the volatility puzzle and rejoin Pissarides (2009) in arguing that hiring costs must be …

Persistent link: https://www.econbiz.de/10013139045

Frictional Unemployment with Stochastic Bubbles

Vuillemey, Guillaume - 2016

Bubbles are recurrent events, which contribute to both macroeconomic and employment volatility. We introduce stochastic …

Persistent link: https://www.econbiz.de/10012981503