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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

A unified approach for jointly estimating the business and financial cycle, and the role of financial factors

Berger, Tino; Richter, Julia; Wong, Benjamin - 2021

Vector Autore-gression. First, we show, both in reduced form and when we identify a structural financial shock, that … contemporaneous output gap turns negative when we condition on a financial shock. The sign-switch suggests that the nature of the …

Persistent link: https://www.econbiz.de/10012622302

Financial factors and the business cycle

Berger, Tino; Richter, Julia; Wong, Benjamin - 2020

Persistent link: https://www.econbiz.de/10012225202

A unified approach for jointly estimating the business and financial cycle, and the role of financial factors

Berger, Tino; Richter, Julia; Wong, Benjamin - 2021

Vector Autoregression. First, we show, both in reduced form and when we identify a structural financial shock, that variation … contemporaneous output gap turns negative when we condition on a financial shock. The sign-switch suggests that the nature of the …

Persistent link: https://www.econbiz.de/10012487838

A unified approach for jointly estimating the business and financial cycle, and the role of financial factors

Berger, Tino; Richter, Julia; Wong, Benjamin - 2021

Persistent link: https://www.econbiz.de/10012614537

Confidence and the financial accelerator

Myohl, Christian; Stucki, Yannic - 2018

We introduce financial frictions in the spirit of Bernanke, Gertler, and Gilchrist (1999) into a standard RBC model and use the heterogeneous-prior framework of Angeletos, Collard, and Dellas (2018) to accommodate confidence-driven business cycle fluctuations. We show that financial frictions...

Persistent link: https://www.econbiz.de/10011961330