Results 31 to 40 of about 5,544,468 (348)
Unemployment and Business Cycles [PDF]
International Finance Discussion Papers, 2013 We develop and estimate a general equilibrium model that accounts for key business cycle properties of macroeconomic aggregates, including labor market variables. In sharp contrast to leading New Keynesian models, wages are not subject to exogenous nominal rigidities.
Lawrence J. Christiano +2 more
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Housing and the Business Cycle [PDF]
Finance and Economics Discussion Series, 2003 In the United States, the percentage standard deviation of residential investment is more than twice that of non-residential investment. In addition, GDP, consumption, and both types of investment co-move positively. We reproduce these facts in a calibrated multi-sector growth model where construction, manufacturing and services are combined, in ...
Morris A. Davis, Jonathan Heathcote
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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
Eran Guse
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Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach
Social Science Research Network, 2007 Using a Bayesian likelihood approach, we estimate a dynamic stochastic general equilibrium model for the US economy using seven macro-economic time series.
F. Smets, R. Wouters
semanticscholar +1 more source
Innovations in services and consumers’ competences
European Journal of Management Issues, 2014 The author in her article presents services as a market product which is more and more often an innovative product. A particular attention is paid to the services’ features which have an important impact on behaviour of the services market participants ...
Anna Dabrowska
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Turbulent Business Cycles [PDF]
Federal Reserve Bank of San Francisco, Working Paper Series, 2021 Recessions are associated with sharp increases in turbulence that reshuffles firms' productivity rankings. To study the business cycle implications of turbulence shocks, we use Compustat data to construct a measure of turbulence based on the (inverse of) Spearman correlations of firms' productivity rankings between adjacent years.
Ding Dong, Zheng Liu, Pengfei Wang
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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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STUDYING BUSINESS CYCLES SYNCHRONIZATION
Вісник Київського національного університету імені Тараса Шевченка. Серія Економіка, 2014 The paper researches business cycles synchronization. The fluctuations in post-Soviet countries are considered. The study examines different measures of synchronization in groups of countries according to some criteria.
N. Servetnyk
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seasonal adjustment, JDemetra+, Romania, business cycles [PDF]
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie, 2023 After the 2008-2009 Global crisis, governments around the world implemented changes in taxes and regulations. In this study, using two survey datasets, we examine how these changes had affected retailers in Eastern Europe and Central Asia.
HALIL D. KAYA
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