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An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output

Blanchard, Olivier - 1999

increases in government spending have a strong negative effect on investment spending …

Persistent link: https://www.econbiz.de/10012471521

Barro, Robert J. - 2019

The national-income accounts double-count investment, which enters once when it occurs and again in present value as … exaggeration of capital-income shares. An alternative measure involves a form of full expensing of gross investment. In the steady … consumption because full expensing applies to the long-run flow of gross investment …

Persistent link: https://www.econbiz.de/10012479775

Capital Flows to Developing Countries : The Allocation Puzzle

Gourinchas, Pierre-Olivier - 2007

According to the consensus view in growth and development economics, cross country differences in per-capita income largely reflect differences in countries' total factor productivity. We argue that this view has powerful implications for patterns of capital flows: everything else equal,...

Persistent link: https://www.econbiz.de/10012465044

The Sources of Fluctuations in Aggregate Inventories and GNP

West, Kenneth D. - 1989

A simple real linear-quadratic inventory model is used to determine how cost and demand shocks interacted to cause fluctuations in aggregate GNP and inventories in the U.S., 1947-1986. Cost shocks appear to be the predominant source of fluctuations in inventories, and are largely responsible for...

Persistent link: https://www.econbiz.de/10012476056

Home Production and the Macro Economy-Some Lessons from Pollak and Wachter and from Transition Russia

Gronau, Reuben - 2006

Recent years witnessed a flourishing of literature on the implication of shifts from home- production to market production on the macro economy, and in particular, the real business cycle. This literature employs calibration techniques to emulate the fluctuations in market output, labor and...

Persistent link: https://www.econbiz.de/10012466381

Separating the Business Cycle from Other Economic Fluctuations

Hall, Robert E. - 2005

Macroeconomists----especially those studying monetary policy----often view the business cycle as a transitory departure from the smooth evolution of a neoclassical growth model. Important ideas contributed by Friedman, Lucas, and the developers of the sticky-price macro model generate this type...

Persistent link: https://www.econbiz.de/10012467025

Stochastic Technical Progress, Nearly Smooth Trends and Distinct Business Cycles

Rotemberg, Julio J. - 2002

This paper investigates whether it is possible to entertain simultaneously two attractive views about US GDP. The first is that long term growth in US GDP is attributable to an empirically plausible specification of random technical progress. The second is that deviations of GDP from a fitted...

Persistent link: https://www.econbiz.de/10012469795

Trade and the Global Recession

Eaton, Jonathan - 2011

the Great Recession and ensuing recovery. Our multi-sector framework accounts completely for countries' trade, investment … declines in durables investment efficiency, account for most of the collapse in trade relative to GDP. Shocks to trade …

Persistent link: https://www.econbiz.de/10012461991

Household Debt and Business Cycles Worldwide

Mian, Atif R. - 2015

An increase in the household debt to GDP ratio in the medium run predicts lower subsequent GDP growth, higher unemployment, and negative growth forecasting errors in a panel of 30 countries from 1960 to 2012. Consistent with the "credit supply hypothesis," we show that low mortgage spreads...

Persistent link: https://www.econbiz.de/10012457088

Taxes and capital formation

Feldstein, Martin S. (ed.) - 1987

Persistent link: https://www.econbiz.de/10000742921

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