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Political Business Cycle on the Agricultural Supports in Turkey [PDF]
Eurasian Journal of Business and Economics, 2015 This study investigates whether there is a political business cycle (PBC) on the agricultural supports in the Turkish economy. In this respect, we investigate the policies of different Turkish governments for the agricultural supports measured by the ...
M. Burak ONEMLI, Adil KORKMAZ
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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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Generalized financial cycle theory from the Minsky’s perspective: UK 1270–2016
Journal of Business Economics and Management, 2020 Our study aims to bridge the gap between contemporary studies on financial cycles and the financial instability hypothesis in the form of a Minsky cycle (Minsky, 1963).
Małgorzata Porada-Rochoń +1 more
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Heckscher-Ohlin Business Cycles [PDF]
SSRN Electronic Journal, 2002 Abstract This paper introduces Heckscher–Ohlin trade features into a two-country dynamic stochastic general equilibrium model, and studies the international transmission of productivity shocks through trade in goods. This framework improves upon existing international real business cycle models in that it generates business cycle properties ...
A. CUNAT, MAFFEZZOLI, MARCO
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Real business-cycle realizations [PDF]
Carnegie-Rochester Conference Series on Public Policy, 1997 Abstract Much recent business-cycle research focuses on moments of macroeconomic aggregates. We construct examples of real business-cycle sample paths for output, consumption, and employment for the U.S. economy. Annual sample paths are generated from an initial condition in 1925, measured technology, and government spending shocks since then ...
Gregor W. Smith, Stanley E. Zin
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Really Uncertain Business Cycles [PDF]
Econometrica, 2012 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Bloom, Nicholas +4 more
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Investigating the Impact of Iran-Germany Business Cycle Synchronization on the Friction and Depth of Financial Markets in Iran (Markov Switching Bayesian VAR Method) [PDF]
تحقیقات مالی, 2017 The synchronization of business cycles is one of the latest issues that has been raised recently in the field of international trade as economic integration between countries has increased.
Raziyeh AmirTeimoori +2 more
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Liquidity and Business Cycles—With Occasional Disruptions
Econometrics, 2023 Some financial disruptions that started in California, U.S., in March 2023, resulting in the closure of several medium-size U.S. banks, shed new light on the role of liquidity in business cycle dynamics.
Willi Semmler +2 more
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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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