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Exit and Entry Dynamics of UK Firms in the Wake of the Global Financial Crisis

Gerth, Florian; Briggs, Chad M.; Diaz, John Francis T. - 2024

This paper investigates the dynamics of entering and exiting firms in determining the long-lasting drop in aggregate Total Factor Productivity (TFP) following the Great Recession in the UK. We decompose the growth rate of UK industry productivity over the 2006-2014 period into four components;...

Persistent link: https://www.econbiz.de/10015214808

Modelo de Ciclos Reales para Colombia

Prada Sarmiento, Juan David - 2005

Colombian economy has the typical small-open economy cycle: smooth consumption, higher volatility in investment … ; procyclical consumption, investment and imports; countercyclical trade balance. The objective of this paper is to identify the … volatility of investment with respect to GDP. …

Persistent link: https://www.econbiz.de/10015217597

Heterogeneous Productivity Shocks, Elasticity of Substitution and Aggregate Fluctuations

Alessio, Moro; Rodolfo, Stucchi - 2011

We use a Dixit-Stiglitz setting to show that aggregate productivity fluctuations can be generated through changes in the dispersion of firms' productivity. When the elasticity of substitution among goods is larger than one, an increase in the dispersion raises aggregate productivity because...

Persistent link: https://www.econbiz.de/10015225739

Leaning against the bubble. Can theoretical models match the empirical evidence?

Ciccarone, Giuseppe; Giuli, Francesco; Marchetti, Enrico; … - 2020

interest rate equation. We also show that, following a positive interest rate shock, an OLG model of asset price bubbles with …

Persistent link: https://www.econbiz.de/10015229354

Does “Okun’s Law” state a Pi:1 ratio? Toward a harmonic interpretation of why Okun’s Law works

Albers, Scott; Albers, Andrew L. - 2013

In Albers & Albers (Spring, 2013) we demonstrated that the historic development of U.S. real GNP, 1869-present, may be structured in recurring 14-year periods. A steady-state rate of growth of 3.4969% is thereby calculated, generating an increase in real GNP proportional to the famous “Golden...

Persistent link: https://www.econbiz.de/10015236078

The Role of Investment Wedges in the Carlstrom-Fuerst Economy and Business Cycle Accounting

Inaba, Masaru; Nutahara, Kengo - 2008

investment frictions or investment wedges are not promising for modeling business cycle dynamics. In this paper, we apply BCA to … representative models with investment frictions. We find that BCA leads us to conclude that models of investment wedges are not … promising according to the criteria of BCA, although the true model contains investment frictions. …

Persistent link: https://www.econbiz.de/10015258658

Growth and real business cycles in Vietnam and the ASEAN-5. Does the trend shock matter?

Pham, Binh T.; Sala, Hector; Silva, José I. - 2018

We examine Vietnam’s economy together with its closest trade partners. We show that capital accumulation has been the primary growth engine since the start of its transition to the pro-market economy in 1986–the Doi Moi. We also show that the cyclical behavior of its macro-aggregates is...

Persistent link: https://www.econbiz.de/10015262202

New Frontiers in the Euro Debate in Iceland

Thorgeirsson, Thorsteinn - 2018

The debate on currency arrangements and monetary policy frameworks in lceland has been motivated by developments in lceland and internationally in recent decades. Historically, lcelanders' colonial experience and struggle to retain control of vital natural resources made them hesitant...

Persistent link: https://www.econbiz.de/10015262448

Unemployment, Partial Insurance, and the Multiplier Effects of Government Spending

Givens, Gregory - 2019

I interpret the empirical evidence on government spending multipliers using an equilibrium model of unemployment in which workers are not fully insured against the risk of job loss. Consumption of resources by the government affects aggregate spending along two margins: (i) an intensive margin...

Persistent link: https://www.econbiz.de/10015265540

The Role of Investment Wedges in the Carlstrom-Fuerst Economy and Business Cycle Accounting

Inaba, Masaru; Nutahara, Kengo - 2008

Persistent link: https://www.econbiz.de/10015269199