Similar Search Results

News-driven housing booms : Spain vs. Germany

Guinea, Laurentiu; Puch, Luis; Ruíz, Jesús - 2022

Persistent link: https://www.econbiz.de/10013454475

Timing the Maltese business cycle : a historical perspective

Ellul, Reuben - 2021

Despite data limitations, formal methods can still be applied to identify business cycle turning points and hence date appropriately the Maltese business cycle. An extension of the official quarterly GDP time series to the 1970s allows for a historical view on dating the business cycle, leading...

Persistent link: https://www.econbiz.de/10012431923

Substitution elasticities and investment dynamics in two-country business cycle models

Pakko, Michael Robert (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001974859

The role of oscillatory modes in US business cycles

Groth, Andreas; Ghil, Michael; Hallegatte, Stéphane; … - 2012

We apply the advanced time-and-frequency-domain method of singular spectrum analysis to study business cycle dynamics in a set of nine U.S. macroeconomic indicators. This method provides a robust way to identify and reconstruct shared oscillations, whether intermittent or modulated. We address...

Persistent link: https://www.econbiz.de/10009535525

Optimal monetary policy under negative interest rate

Dong, Feng; Wen, Yi - 2017 - This version: May 16, 2017

In responding to the extremely weak global economy after the financial crisis in 2008, many industrial nations have been considering or have already implemented negative nominal interest rate policy. This situation raises two important questions for monetary theories: (i) Given the widely held...

Persistent link: https://www.econbiz.de/10011691605

Long and Plosser meet Bewley and Lucas

Dong, Feng; Wen, Yi - 2018

We develop a N-sector business cycle network model a la Long and Plosser (1983), featuring heterogenous money demand a la Bewley (1980) and Lucas (1980). Despite incomplete markets and a well-defined distribution of real money balances across heterogeneous households, the enriched N-sector...

Persistent link: https://www.econbiz.de/10011911508

The changing transmission of uncertainty shocks in the US : an empirical analysis

Mumtaz, Haroon; Theodoridis, Konstantinos - 2014

shock has remained fairly stable. Simulations from a non-linear DSGE model suggest that these empirical results are …

Persistent link: https://www.econbiz.de/10010472799

Common and country specific economic uncertainty

Mumtaz, Haroon; Theodoridis, Konstantinos - 2015

We use a factor model with stochastic volatility to decompose the time-varying variance of Macro economic and Financial variables into contributions from country-specific uncertainty and uncertainty common to all countries. We find that the common component plays an important role in driving the...

Persistent link: https://www.econbiz.de/10011306276

A new look at uncertainty shocks : imperfect information and misallocation

Senga, Tatsuro - 2015

experiences a shock forcing it to start learning afresh. Firms differ in their information; more informed firms have lower … posterior variances in beliefs. An uncertainty shock is a rise in the probability that any given firm will lose its information … a prolonged recession followed by anemic recovery in response to an uncertainty shock. When confronted with a rise in …

Persistent link: https://www.econbiz.de/10011401309

Macroeconomic fluctuations under natural disaster shocks in Central America and the Caribbean

Wright, Allan; Borda, Patrice - 2016

This paper examines the role of disaster shock in a one-sector, representative agent dynamic stochastic general … equilibrium model (DSGE). First, it estimates a panel vector autoregresive (VAR) model for output, investment, trade balance …

Persistent link: https://www.econbiz.de/10011575500