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Understanding entry and exit : a business cycle accounting approach
Macnamara, Patrick - In: The B.E. journal of macroeconomics 16 (2016) 1, pp. 47-91
Persistent link: https://www.econbiz.de/10011508563
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Entry and markup dynamics in an estimated business cycle model
Lewis, Vivien; Stevens, Arnoud - In: European economic review : EER 74 (2015), pp. 14-35
Persistent link: https://www.econbiz.de/10011522579
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Endogenous firm entry in an estimated model of the US business cycle - updated version
Offick, Sven; Winkler, Roland - 2015
A recent theoretical literature highlights the role of endogenous firm entry as an internal amplification mechanism of … variety effect. To this end, we estimate a medium-scale real business cycle model with firm entry for the U.S. economy. The …
Persistent link: https://www.econbiz.de/10011390479
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Entry decision, the option to delay entry, and business cycles
Vardishvili, Ia - 2020
Persistent link: https://www.econbiz.de/10012390110
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Endogenous firm entry in an estimated model of the US business cycle
Offick, Sven; Winkler, Roland - 2014
A recent theoretical literature highlights the role of endogenous firm entry as an internal amplification mechanism of … variety effect. To this end, we estimate a medium-scale real business cycle model with firm entry for the U.S. economy. The … parameter governing the competition and variety effect is estimated to be statistically significant. We find that firm entry …
Persistent link: https://www.econbiz.de/10010233105
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A business-cycle model with monopolistically competitive firms and Calvo wages : lessons for Bulgaria
Vasilev, Aleksandar - In: Journal of economics & development : JED 24 (2022) 1, pp. 80-95
Persistent link: https://www.econbiz.de/10012878404
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Chapter 14 Resuscitating real business cycles
King, Robert G.; Rebelo, Sergio T. - In: Handbook of macroeconomics : volume 1, part B, (pp. 927-1007). 1999
The Real Business Cycle (RBC) research program has grown specularly over the last decade, as its concepts and methods have diffused into mainstream macroeconomics. Yet, there is increasing skepticism that technology shocks are a major source of business fluctuations. This chapter exposits the...
Persistent link: https://www.econbiz.de/10014024231
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Chapter 14. Incomplete Information in Macroeconomics : Accommodating Frictions in Coordination
Angeletos, G.-M.; Lian, C. - In: Handbook of macroeconomics : volume 2, v. 2A-2B SET, (pp. 1065-1240). 2016
This chapter studies how incomplete information helps accommodate frictions in coordination, leading to novel insights on the joint determination of expectations and macroeconomic outcomes. We review and synthesize recent work on global games, beauty contests, and their applications. We...
Persistent link: https://www.econbiz.de/10014024269
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Chapter 26. Neoclassical Models in Macroeconomics
Hansen, G.D.; Ohanian, L.E. - In: Handbook of macroeconomics : volume 2, v. 2A-2B SET, (pp. 2043-2130). 2016
This chapter develops a toolkit of neoclassical macroeconomic models, and applies these models to the US economy from 1929 to 2014. We first filter macroeconomic time series into business cycle and long-run components, and show that the long-run component is typically much larger than the...
Persistent link: https://www.econbiz.de/10014024270
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Synchronization of endogenous business cycles
Pangallo, Marco - 2023
Business cycles tend to comove across countries. However, standard models that attribute comovement to propagation of exogenous shocks struggle to generate a level of co-movement that is as high as in the data. In this paper, we consider models that produce business cycles endogenously, through...
Persistent link: https://www.econbiz.de/10013489752