Results 11 to 20 of about 6,155,869 (288)
American Economic Review, 2018 We propose a new strategy for dissecting the macroeconomic time series, provide a template for the business-cycle propagation mechanism that best describes the data, and use its properties to appraise models of both the parsimonious and the medium-scale ...
G. Angeletos, F. Collard, Harris Dellas
semanticscholar +6 more sources
"On the Minskyan Business Cycle" [PDF]
SSRN Electronic Journal, 2006 The essential insight Minsky drew from Keynes was that optimistic expectations about the future create a margin, reflected in higher asset prices, which makes it possible for borrowers to access finance in the present.
Korkut A. Erturk
core +4 more sources
No News in Business Cycles [PDF]
The Economic Journal, 2012 Peer ...
Luca Sala +3 more
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Business Cycle Narratives [PDF]
SSRN Electronic Journal, 2018 Research about narratives’ role in economics is scarce, while real word experience and research in other sciences suggest they matter a lot. This article proposes a view and methodology for quantifying the epidemiology of media narratives relevant to business cycles in the US, Japan, and Europe.
Leif Anders Thorsrud +2 more
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Measuring business cycles with business-cycle models [PDF]
Journal of Economic Dynamics and Control, 1996 Abstract Business cycles may be defined or measured by parametrizing detrending filters to maximize the ability of a business-cycle model to match the moments of the remaining cycles. Thus a theory can be used to guide cycle measurement. We present two applications to U.S. postwar data.
Allan W. Gregory, Gregor W. Smith
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The Review of Economic Studies, 2022 Abstract We estimate the dynamic causal effects of consumer sentiment shocks in the US. We identify autonomous changes in survey evidence on consumer confidence using fatalities in mass shootings as an instrument. We find the instrument to be significant for an aggregate index of consumer expectations and also back up the identification ...
Lagerborg, Andresa +2 more
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Entrepreneurship and the Business Cycle [PDF]
SSRN Electronic Journal, 2009 We find new empirical regularities in the business cycle in a cross-country panel of 22 OECD countries for the period 1972-2007; entrepreneurship Granger-causes the cycles of the world economy. Furthermore, entrepreneurial activity is affected by national unemployment levels. We discuss possible causes and implications of these findings.
P.D. Koellinger, A.R. Thurik
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Are These Classical Business Cycles? [PDF]
SSRN Electronic Journal, 2000 The aim of this paper is to test formally the classical business cycle hypothesis, using data from industrialized countries for the time period since 1960. The hypothesis is characterized by the view that the cyclical structure in GDP is concentrated in the investment series: fixed investment has typically a long cycle, while the cycle in inventory ...
Michael Reiter, Ulrich Woitek
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Institutions and Business Cycles [PDF]
International Finance, 2011 AbstractThis paper investigates the relationship between the main features of business cycles and the institutional and structural characteristics of 62 industrial, emerging and formerly centrally planned economies from all continents. We find that a variety of institutional indicators, including stronger governance, greater civil liberties, more ...
Bilin Neyapti +3 more
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Business Cycle Accounting [PDF]
Econometrica, 2002 We propose a simple method to help researchers develop quantitative models of economic fluctuations. The method rests on the insight that many models are equivalent to a prototype growth model with time-varying wedges which resemble productivity, labor and investment taxes, and government consumption. Wedges corresponding to these variables–efficiency,
V. V. Chari +2 more
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