Search Results - subject_exact:"Real-Business-Cycle-Theorie"

Nicoletti, Giulio; Pensieroso, Luca - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015597400

Brianti, Marco; Forni, Mario; Gambetti, Luca; Granese, … - 2026

Building on a frequency-domain identification within a nonlinear Structural Dynamic Factor Model, we study the nonlinear transmission of demand and supply shocks, the two shocks accounting for the bulk of fluctuations in U.S. macroeconomic variables. Supply shocks propagate symmetrically and are...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015627060

Looking for risk : volatility bounds in macro

Jung, Jiyong; Marin, Emile A. - 2026

We characterize the gap between the equity risk premium (ERP) and its SVIX-implied lower bound as an equilibrium object, increasing in the correlation of valuations and returns, their relative volatility, and risk aversion. Higher risk premia need not be reflected in options-implied volatility....

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015644373

The international RBC model finally works!

Acharya, Sushant; Challe, Edouard; Coulibaly, Louphou - 2026

We show that incorporating uninsurable countercyclical income risk into a standard international RBC model can qualitatively and quantitatively account for the quantity puzzles in open-economy macro, namely (i) the Backus-Smith puzzle, (ii) the Backus-Kehoe-Kydland puzzle, and (iii) the weak...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015672926

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The international RBC model finally works!

Acharya, Sushant; Challe, Edouard; Coulibaly, Louphou - 2026

Book / Working Paper

The International RBC Model Finally Works!

Acharya, Sushant; Challe, Edouard; Coulibaly, Louphou - 2026

Book / Working Paper

Shock persistence, uncertainty, and news-driven business cycles

Lee, Kevin; Shields, Kalvinder K.; Turnip, Guido - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015617217

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Shock persistence, uncertainty and news-driven business cycles

Lee, Kevin; Shields, Kalvinder K.; Turnip, Guido - 2022

Book / Working Paper

Shock persistence, uncertainty and news-driven business cycles

Lee, Kevin; Shields, Kalvinder K.; Turnip, Guido - 2022

Book / Working Paper

US macroeconomic shocks and international business cycle

Wesołowski, Grzegorz; Gurshev, Oleg - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015373329

Global risk aversion : driving force of future real economic activity

Kim, Marco Jinhwan; Cho, Hoon; Ryu, Doojin - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015374079

Flow-specific capital controls for China

Garcia-Barragan, Fernando; Kiu, Guangling - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015333588

Time-varying volatility in emerging market business cycles

Murakami, Yuki - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015418049

Endogenous business cycles with small and large firms

Haque, Qazi; Pavlov, Oscar; Weder, Mark - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015580793

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Endogenous business cycles with small and large firms

Haque, Qazi; Pavlov, Oscar; Weder, Mark - 2025

Book / Working Paper

Endogenous business cycles with small and large firms

Haque, Qazi; Pavlov, Oscar; Weder, Mark - 2025

Book / Working Paper

The origins and propagation of animal spirits shocks

Nirei, Makoto; Ragot, Xavier - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015619768

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The origins and propagation of animal spirits shocks

Nirei, Makoto; Ragot, Xavier - 2025

Book / Working Paper

Bitcoins and central bank digital currency in a simple real business cycle model

Basu, Parantap - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015556524

Dynamic investigations of an endogenous business cycle model with heterogeneous agents

Bougheas, Spiros P.; Commendatore, Pasquale; Gardini, Laura - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015589852

Spatial consumption risk sharing

Arora, Prateek; Choo, Dongwan; Hu, Chenyue - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015583516

Foreign demand for safety and macroeconomic instability

Castells-Jauregui, Madalen; Kuvshinov, Dmitry; Richter, … - 2025

Using novel data on sectoral safe asset positions in 21 advanced economies since 1980, we document the central role of the foreign sector in the market for safety and its macroeconomic implications. We show that safe asset holdings have expanded significantly relative to GDP, driven by rising...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015573331

Resolving the trade comovement puzzle at the margin of global value chains

Choi, Bongseok - 2025

Purpose - This paper investigates the crucial role that the trade of intermediate goods plays in elucidating trade-output synchronization. We specifically highlight the significance of incorporating intermediate trade, particularly concerning the dominance of forward linkages in the global value...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015397275

Real business cycles and stationary Markov equilibrium with global heterogeneity

Raad, Rodrigo Jardim; Reffett, Kevin L.; Woźny, Łukasz - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015561096

Does the fiscal theory of the price level explain US postwar behaviour?

Le, Vo Phuong Mai; Meenagh, David; Minford, Patrick; … - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015193946

Financial frictions and asymmetric international risk sharing

Asdrubali, Pierfederico; Kim, So-yŏng; Park, Haerang - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014631632

A general equilibrium approach to carbon permit banking

Dubois, Loick; Sahuc, Jean-Guillaume; Vermandel, Gauthier - 2024 - 1st edition

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014634021

The return on everything and the business cycle in production economies

Fehrle, Daniel; Heiberger, Christopher - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014549145

The changing nature of technology shocks

Görtz, Christoph; Gunn, Christopher M.; Lubik, Thomas A. - 2024

We document changes to the pattern of technology shocks and their propagation in post-war U.S. data. Using an agnostic identification procedure, we show that the dominant shock driving total factor productivity (TFP) is akin to a diffusion or news shock and that shock transmission has changed...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015075006

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The changing nature of technology shocks

Görtz, Christoph; Gunn, Christopher M.; Lubik, Thomas A. - 2024

Book / Working Paper

The fiscal arithmetic of a slowdown in trend growth

Kulish, Mariano; Yamout, Nadine - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015076453

Endogenous defaults, value-at-risk and the business cycle

Samiri, Issam - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014532152

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Endogenous defaults, value-at-risk and the business cycle

Samiri, Issam - 2024

Book / Working Paper

Is there a pervasive world real credit cycle?

Castro, Vítor; Cerqueira, Pedro A.; Martins, Rodrigo - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014515720

Does the fiscal theory of the price level explain US postwar behaviour?

Le, Vo Phuong Mai; Meenagh, David; Minford, Patrick; … - 2024

We implement a quantitative empirical test of the fiscal theory of the price level (FTPL) model via indirect inference, comparing it to a standard New Keynesian model. The FTPL alternative creates a serious instability problem because it triggers a 'doom loop'in which inflation pushes up...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015149626

Employment shift in response to a technology shock : an analysis of two rigidities and two agents

Hwang, Kyuyeon; Han, Junhee - 2024

This paper examines the relationship between a technology shock and employment, considering price, wage rigidities, and heterogeneous agents. To explore this relationship, we utilized a Dynamic Stochastic General Equilibrium (DSGE) model, incorporating households with varying savings rates. For...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015197879

The (ir)relevance of rule-of-thumb consumers for U.S. business cycle fluctuations

Albonico, Alice; Ascari, Guido; Haque, Qazi - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014545017

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The (ir)relevance of rule-of-thumb consumers for U.S. business cycle fluctuations

Albonico, Alice; Ascari, Guido; Haque, Qazi - 2020

Book / Working Paper

The (Ir)relevance of rule-of-thumb consumers for U.S. business cycle fluctuations

Albonico, Alice; Ascari, Guido; Haque, Qazi - 2020

Book / Working Paper

The (ir)relevance of rule-of-thumb consumers for US business cycle fluctuations

Albonico, Alice; Ascari, Guido; Haque, Qazi - 2020

Book / Working Paper

Learning by doing, productivity, and growth : new evidence on the link between micro and macro data

Humphreys, Brad R.; Schuh, Scott; Williams, Corey - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015183192

Real credit cycles

Bordalo, Pedro; Gennaioli, Nicola; Shleifer, Andrei; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016061801

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Real Credit Cycles

Bordalo, Pedro; Gennaioli, Nicola; Shleifer, Andrei; … - 2021

Book / Working Paper

A real-business-cycle model with human capital accumulation : lessons for Bulgaria (1999-2018)

Vasilev, Aleksandar - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014235094

Expectation-driven boom-bust cycles

Brianti, Marco; Cormun, Vito - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015071290

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Expectation-driven boom-bust cycles

Brianti, Marco; Cormun, Vito - 2023

Book / Working Paper

AI and Macroeconomic Modeling : Deep Reinforcement Learning in an RBC Model

Atashbar, Tohid; Aruhan Shi, Rui - 2023

This study seeks to construct a basic reinforcement learning-based AI-macroeconomic simulator. We use a deep RL (DRL) approach (DDPG) in an RBC macroeconomic model. We set up two learning scenarios, one of which is deterministic without the technological shock and the other is stochastic. The...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014256874

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AI and Macroeconomic Modeling: Deep Reinforcement Learning in an RBC model

Atashbar, Tohid - 2023

Book / Working Paper

Dynamic programming on a quantum annealer : solving the RBC model

Fernández-Villaverde, Jesús; Hull, Isaiah - 2023

We introduce a novel approach to solving dynamic programming problems, such as those in many economic models, on a quantum annealer, a specialized device that performs combinatorial optimization. Quantum annealers attempt to solve an NP-hard problem by starting in a quantum superposition of all...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014295022

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Dynamic Programming on a Quantum Annealer : Solving the RBC Model

Fernández-Villaverde, Jesús; Hull, Isaiah J. - 2023

Book / Working Paper

Dynamic programming on a quantum annealer : solving the RBC model

Fernández-Villaverde, Jesús; Hull, Isaiah - 2023

Book / Working Paper

Dynamic Programming on a Quantum Annealer : Solving the RBC Model

Fernández-Villaverde, Jesús; Hull, Isaiah - 2023

Book / Working Paper

Sectoral Shocks and Asset Prices

Ruge-Murcia, Francisco J. - 2023

This paper examines the asset pricing implications of sector-specific shocks in a multi-sector economy where heterogeneous firms interact in the markets for material inputs, investment goods, and final goods. The model is solved using a third-order perturbation and is estimated by the simulated...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014348516

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Sectoral Shocks and Asset Prices

Ruge-Murcia, Francisco J. - 2021

Book / Working Paper

Technology shocks and predictable Minsky cycles

L'Huillier, Jean-Paul; Phelan, Gregory; Wieman, Hunter - 2024

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014528038

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Technology Shocks and Predictable Minsky Cycles

L'Huillier, Jean-Paul; Phelan, Gregory; Wieman, Hunter - 2023

Book / Working Paper

Technology Shocks and Predictable Minsky Cycles

L'Huillier, Jean-Paul; Phelan, Gregory; Wieman, Hunter - 2023

Book / Working Paper

A systematic literature review on business cycle approaches : measurement, nature, duration

Pu, Zhongmin; Fan, Xuecheng; Xu, Zeshui; Škare, Marinko - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014521059

A simple but powerful simulated certainty equivalent approximation method for dynamic stochastic problems

Cai, Yongyang; Kenneth, L. Judd, - 2023

We introduce a novel simulated certainty equivalent approximation (SCEQ) method for solving dynamic stochastic problems. Our examples show that SCEQ can quickly solve high-dimensional finite- or infinite-horizon, stationary or non- stationary dynamic stochastic problems with hundreds of state...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014308586

Business cycles and low-frequency fluctuations in the US unemployment rate

Lunsford, Kurt G. - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014340067

Financial constraints and firm size : micro-evidence and aggregate implications

Ferreira, Miguel H.; Haber, Timo; Rörig, Christian - 2023

Using a unique dataset covering the universe of Portuguese firms and their credit situation we show that financially constrained firms are found across the entire firm size distribution, even in the top 1%. Incorporating a richer, empirically supported, productivity process into a standard...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014293341

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Financial constraints and firm size : micro-evidence and aggregate implications

Ferreira, Miguel A.; Haber, Timo; Rorigor, Christian - 2023

Book / Working Paper

Rational inattention and the business cycle effects of productivity and news shocks

Maćkowiak, Bartosz; Wiederholt, Mirko - 2023

We solve a real business cycle model with rational inattention (an RI-RBC model). In the RI-RBC model, the growth rates of employment, investment, and output are about as persistent as in the data, with an amount of inattention consistent with survey data on expectations. Moreover, consumption,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014343098

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Rational inattention and the business cycle effects of productivity and news shocks

Maćkowiak, Bartosz; Wiederholt, Mirko - 2021

Book / Working Paper

Blanchard-Type Speculative Bubbles in an RBC Economy

Kollmann, Robert - 2023

This paper constructs speculative bubbles in a Real Business Cycle (RBC) economy. Building on Blanchard’s (Economics Letters, 1979) classic analysis of speculative bubbles in asset pricing models, the bubbles studied here result from the absence of a transversality condition for production...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014358123

Business cycles and monetary policy analysis in a structural sticky price model of the Lebanese economy

Challita, Jennifer - 2023

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015179432

Learning from a laureate: Finn E. Kydland

Zimmermann, Christian - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015371942

Monopolistic competition under frictional entries

Boitier, Vincent - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015357311

Computerizing households and the role of technology shocks in consumer durables

Na, Seunghoon; Oh, Hyunseung - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015438315

Cautionary tales of fat tails

Dave, Chetan; Dressler, Scott J.; Malik, Samreen - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015438368

15. Indeterminacy

Hughes, Emma - 2025

The chapter evaluates the concept of ‘indeterminacy’ within the employment relationship. Explicitly rooted in work sociology and employment relations literature, the concept of indeterminacy concerns how the nature and outcomes of the employment relationship can be unpredictable and...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015600284

News and firm entry : the role of the waiting option

Antonova, Anastasiia; Matvieiev, Mykhailo - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015556433

Habit formation and news-driven business cycles

Liu, Fengqi; Liu, Keqing; Xue, Jianpo - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015414576