Results 11 to 20 of about 61,214 (295)
Turbulent Business Cycles [PDF]
Federal Reserve Bank of San Francisco, Working Paper Series, 2022 Firm-level evidence suggests that turbulence that reshuffles firms’ productivity rankings rises sharply in recessions. An increase in turbulence reallocates labor and capital from high- to low-productivity firms, reducing aggregate TFP and the stock market value of firms.
Ding Dong, Zheng Liu, Pengfei Wang
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Measuring business cycles with business-cycle models [PDF]
Journal of Economic Dynamics and Control, 1996 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Allan W. Gregory, Gregor W. Smith
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American Economic Review, 2020 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 variety.
Angeletos, George-Marios +2 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.
Larsen, Vegard Høghaug +1 more
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Polarized business cycles [PDF]
Journal of Monetary Economics, 2013 We are motivated by four stylized facts computed for emerging and developed economies: (i) business cycle movements are wider in emerging countries; (ii) economies in emerging countries experience greater economic policy uncertainty; (iii) emerging economies are more polarized and less politically stable; and (iv) economic policy uncertainty is ...
Marina Azzimonti, Matthew Talbert
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Economic Synopses, 2010 Views expressed do not necessarily reflect official positions of the Federal Reserve System. At the time this cover page was written, the National Bureau of Economic Research (NBER) had not yet announced the official end of the recession. Many economists, however, believe that it ended in mid-2009.
Kristie M. Engemann, Michael T. Owyang
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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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Coordinating Business Cycles [PDF]
SSRN Electronic Journal, 2014 We develop a quantitative theory of business cycles with coordination failures. Because of a standard aggregate demand externality, firms want to coordinate production. The presence of a non-convex capacity decision generates multiple equilibria under complete information.
Mathieu Taschereau-Dumouchel +1 more
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Theoretical Economics, 2015 We develop a theory of endogenous and stochastic fluctuations in economic activity. Individual firms choose to randomize over firing or keeping workers who performed poorly in the past to give them an ex ante incentive to exert effort. Different firms choose to correlate the outcome of their randomization to reduce the probability with which they fire ...
Golosov, Mikhail, Menzio, Guido
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A disequilibrium mechanism: When managerial decisions cause macroeconomic instability
Economics and Business Review, 2019 The paper aims to develop our understanding of the processes and mechanisms leading to economic instability. The research design and methods: the paper employs a simple game-theoretic model aimed at depicting why the mechanism connecting nonmaterial ...
Maziarz Mariusz
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