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Do bivariate SVAR models with long-run identifying restrictions yield reliable results? : the case of Germany

Gottschalk, Jan; Van Zandweghe, Willem - 2001

Bivariate SVAR models employing long-run identifying restrictions are often used to investigate the source of business cycle fluctuations. Their advantage is the simplicity in use and interpretation. However, their low dimension may also lead to a failure of the identification procedure, with...

Persistent link: https://www.econbiz.de/10011476382

Empirical essays on business cycle analysis and financial constraints

Kleemann, Michael - 2014

This dissertation comprises three distinct economic stduies. The first deals with the origin of business cycle fluctuations and the other two with the measurement of financial constraints and the identification of the respective treatment effect.

Persistent link: https://www.econbiz.de/10010526643

Do bivariate SVAR models with long-run identifying restrictions yield reliable results? : The case of Germany

Gottschalk, Jan - 2001

Persistent link: https://www.econbiz.de/10013261159

How strongly did the 2007/08 oil price hike contribute to the subsequent recession?

Carstensen, Kai; Elstner, Steffen; Paula, Georg - 2011

VAR based search on these periods, we are able to identify an oil price shock that affects the German production even on … subsequent recession in Germany even though it was by far not the main driver. -- oil price shock ; VAR model ; micro data …. While we concede that typical VAR models put forward in the literature fail to identify oil price shocks that significantly …

Persistent link: https://www.econbiz.de/10009010510

How Strongly Did the 2007/08 Oil Price Hike Contribute to the Subsequent Recession?

Carstensen, Kai - 2011

the underlying shock. On the one hand, an oil supply disruption clearly provokes a recession. On the other hand, positive …

Persistent link: https://www.econbiz.de/10013129250

Firm-specific productivity risk over the business cycle : facts and aggregate implications

Bachmann, Ruediger; Bayer, Christian - 2009

Is time-varying firm-level uncertainty a major cause or amplifier of the business cycle? This paper investigates this question in the context of a heterogeneous-firm RBC model with persistent firm-level productivity shocks and lumpy capital adjustment, where cyclical changes in uncertainty...

Persistent link: https://www.econbiz.de/10003898815

Firm-specific productivity risk over the business cycle : facts and aggregate implications

Bachmann, Ruediger; Bayer, Christian - 2009

Is time-varying firm-level uncertainty a major cause or amplifier of the business cycle? This paper investigates this question in the context of a heterogeneousfirm RBC model with persistent firm-level productivity shocks and lumpy capital adjustment, where cyclical changes in uncertainty...

Persistent link: https://www.econbiz.de/10003857672

The cross-section of firms over the business cycle : new facts and a DSGE exploration

Bachmann, Ruediger; Bayer, Christian - 2009

Using a unique German firm-level data set, this paper is the first to jointly study the cyclical properties of the cross-sections of firm-level real value added and Solow residual innovations, as well as capital and employment adjustment. We find two new business cycle facts: 1) The...

Persistent link: https://www.econbiz.de/10003857682

The cross-section of firms over the business cycle : new facts and a DSGE exploration

Bachmann, Ruediger; Bayer, Christian - 2009

Using a German firm-level data set, this paper is the first to jointly study the cyclical properties of the cross-sections of firm-level real value added and Solow residual innovations, as well as capital and employment adjustment. We find two new business cycle facts: 1) The cross-sectional...

Persistent link: https://www.econbiz.de/10003888063

Effects of Oil Price Shocks on German Business Cycles

Schmidt, Torsten; Zimmermann, Tobias - 2005

In this paper we analyse to what extent movements in oil prices can help to explain business cycle fluctuations in Germany. We proceed in several steps: As a starting point we use a standard real business cycle model for the German economy and introduce energy as an additional factor in the...

Persistent link: https://www.econbiz.de/10014027648