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The Impact of Investment-Specific Technology Shocks on Macroeconomics Variables

Asamoah, Constance Ohemeng - 2021

This paper investigates the short-run impact of Investment-Specific Technology (IST) Shocks on macroeconomics variables … namely; Aggregate Investment, Aggregate Consumption and Gross Domestic Product using the VAR(p) model and quarterly data of …, yet, a shock to IST influence a change in aggregate consumption. Inferences from impulse response function (IRF) showed …

Persistent link: https://www.econbiz.de/10013211726

Tail Risk in Production Networks

Dew-Becker, Ian - National Bureau of Economic Research - 2022

shock to the sector - a measure of the systemic risk of each sector. Tail centrality is theoretically and empirically very …

Persistent link: https://www.econbiz.de/10013388835

What are the macroeconomic effects of high-frequency uncertainty shocks

Ferrara, Laurent; Guérin, Pierre - 2016

shocks. When examining detailed investment sub-categories, our estimates suggest that the most irreversible investment …

Persistent link: https://www.econbiz.de/10011476374

The macroeconomic impact of asymmetric uncertainty shocks

Müller, Henrik; Blagov, Boris; Schmidt, Torsten; … - 2024

this approach facilitates the close-to-realtime identification of both the magnitude of an uncertainty shock as well as its … uncertainty shocks on fixed investment and other macroeconomic variables. Our results document the asymmetric nature of …

Persistent link: https://www.econbiz.de/10015272160

The impact of external uncertainty shocks on the Korean economy

Kim, Junhyong - In: KDI-journal of economic policy 47 (2025) 1, pp. 19-66

In this paper, we analyze the impact of external uncertainty shocks on the Korean economy, focusing on Russian geopolitical risks and U.S. monetary policy uncertainty. We find that increases in external uncertainties negatively affect the Korean macroeconomy, with a particularly pronounced...

Persistent link: https://www.econbiz.de/10015337684

The adjustment to commodity price shocks

Roch, Francisco - 2019

This paper analyzes the macroeconomic adjustment in commodity-exporting countries to commodity price shocks. First, I estimate a heterogenous panel SVAR using data from 22 commodity-exporting economies spanning the period 1980-2017. I find that commodity terms of trade shocks are an important...

Persistent link: https://www.econbiz.de/10012157405

Great recession, slow recovery and muted fiscal policies in the US

Albonico, Alice; Tirelli, Patrizio; Paccagnini, Alessia - 2016

subsequent recovery in the US. The Great Recession was mainly caused by a large demand shock and by the ZLB on the interest rate …

Persistent link: https://www.econbiz.de/10011434680

Different no more : country spreads in advanced and emerging economies

Born, Benjamin; Müller, Gernot J.; Pfeifer, Johannes; … - 2020

Interest-rate spreads fluctuate widely across time and countries. We characterize their behavior using some 3,200 quarterly observations for 21 advanced and 17 emerging economies since the early 1990s. Before the financial crisis, spreads are 10 times more volatile in emerging economies than in...

Persistent link: https://www.econbiz.de/10012162762

Lockdown policies : a macrodynamic perspective for COVID-19

Busato, Francesco; Chiarini, Bruno; Cisco, Gianluigi; … - 2020

The COVID-19 pandemic is producing a global health and economic crisis. The entire globe is facing the trade-off between health and recessionary effects. This paper investigates this trade-off according to a macro-dynamic perspective. We set up and simulate a Dynamic Stochastic General...

Persistent link: https://www.econbiz.de/10012258268

The Macroeconomic Crisis (La Crisi della Macroeconomia)

Cozzi, Terenzio - 2012

The DSGE models are based on hypotheses that have the effect of excluding the possibility of severe financial and economic crises with the consequent policy implications going in the laissez-faire direction. The hypothesized unique and stable equilibrium in combination with rational expectations...

Persistent link: https://www.econbiz.de/10013114759