Results 31 to 40 of about 106,230 (314)
Expectational Business Cycles [PDF]
SSRN Electronic Journal, 2004 I introduce Expectational Business Cycles where aggregate activity fluctuates due to learning, heterogeneous updating rules and random changes in the social norm predictor. Agents use one of two updating rules to learn the equilibrium values while heterogeneity is dictated via an evolutionary process. Uncertainty of a new equilibrium, due to a shock to
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Grown-up Business Cycles [PDF]
The Review of Financial Studies, 2014 We document two striking facts about U.S. firm dynamics and interpret their significance for employment dynamics. The first is the dramatic decline in firm entry and the second is the gradual shift of employment toward older firms since 1980. We show that despite these trends, the lifecycle dynamics of firms and their business cycle properties have ...
Pugsley, Benjamin, Sahin, Aysegul
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Predicting turning points in the South African economy
South African Journal of Economic and Management Sciences, 2003 Despite the existence of macroeconomic models and complex business cycle indicators, it would be beneficial to policymakers and market participants if they could look at one well-chosen indicator in predicting business cycle turning points.
Elna Moolman
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International Real Business Cycles [PDF]
Journal of Political Economy, 1991 We ask whether a two-country real business cycle model can account simultaneously for domestic and international aspects of business cycles. With this question in mind, we document a number of discrepancies between theory and data. The most striking discrepancy concerns the correlations of consumption and output across countries.
David K. Backus +2 more
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Business Cycle Synchronization Between CEE Countries and Euro Zone
Acta Universitatis Lodziensis. Folia Oeconomica, 2017 The main aim of the article is to estimate the level of business cycles synchronization between Central and Eastern European Countries (CCECs) and euro area.
Katarzyna Piłat
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Investigate the Relationship between Exchange Rate Overshooting and Business Cycles in Iran (Using Lucas Experimental Method and Vector Auto-Regressive Model) [PDF]
مدلسازی اقتصادسنجی, 2017 During 1989-2016, Iran has been repeatedly faced with exchange rate shoke.The main question is Exchange rate overshooting could be considered as a leading variable in business cycles in Iran's economy.
farzad moayeri +3 more
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Financial Business Cycles [PDF]
International Finance Discussion Papers, 2014 Using Bayesian methods, I estimate a DSGE model where a recession is initiated by losses suffered by banks and exacerbated by their inability to extend credit to the real sector. The event triggering the recession has the workings of a redistribution shock: a small sector of the economy -- borrowers who use their home as collateral -- defaults on their
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Poland’s business cycle in the context of the world cycle
Ekonomia i Prawo, 2009 The analysis begins with a synthetic discussion of the current state of the business cycle theory. Three groups of current theories have been briefly discussed: the real business cycle theory, the Neoschumpeter theory and those formulated within the ...
Barbara Polszakiewicz
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Spillover index for European business cycle [PDF]
Revista de Studii Financiare, 2020 The Covid-19 pandemic has had a significant impact on the international economy. The paper analyses the interdependence between the business cycles of the European Union economies to capture the effect of the Covid-19 pandemic on them.
Marius Cristian Acatrinei
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Revista Galega de Economía, 2021 In a recession such as COVID-19 pandemic with important consequences in the labour market, it is important to design policies that really address factors behind the employment loss for each demographic subgroup. The aim of this paper is to decompose and
Yolanda Pena-Boquete, Iria Dios-Murcia
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