The Business Cycle and the Life Cycle [PDF]
Our paper documents the differences in the variability of hours worked over the business cycle across several demographic groups and shows that these differences are large. We argue that understanding these differences should be useful in understanding the forces that account for aggregate fluctuations in hours worked.
Paul Gomme+7 more
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Finance and Business Cycles: The Credit-Driven Household Demand Channel
What is the role of the financial sector in explaining business cycles? This question is as old as the field of macroeconomics, and an extensive body of research conducted since the Global Financial Crisis of 2008 has offered new answers.
Atif R. Mian, Amir Sufi
semanticscholar +1 more source
Generalized financial cycle theory from the Minsky’s perspective: UK 1270–2016
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
doaj +1 more source
Political Business Cycle on the Agricultural Supports in Turkey [PDF]
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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A disequilibrium mechanism: When managerial decisions cause macroeconomic instability
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
doaj +1 more source
A Plucking Model of Business Cycles
In standard models, economic activity fluctuates symmetrically around a “natural rate” and stabilization policies can dampen these fluctuations but do not affect the average level of activity.
Stéphane Dupraz+2 more
semanticscholar +1 more source
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]
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
doaj +1 more source
Business cycles and energy intensity. Evidence from emerging economies
Reducing energy intensity and coping with climate change are important policy issues that face all countries. This study examines the impact of business cycles (recessions and expansions) on energy intensity in sixteen emerging countries in 1990–2014. We
Tinghui Li, Xue Li, Gaoke Liao
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International Business Cycles and the ERM: Is There a European Business Cycle? [PDF]
This study uses a combination of quantitative and qualitative models to predict business failure with an appreciable degree of accuracy and/or precision. Quantitatively, the study used Factor Analysis (FA) to reduce the dimensionality of the data and further employed the Generalised Linear Modelling (GLM) technique which skips and/or relaxes the use of
Artis, Michael J, Zhang, Wenda
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Uncertainty and Business Cycles: Exogenous Impulse or Endogenous Response?
Uncertainty about the future rises in recessions. But is uncertainty a source of business cycles or an endogenous response to them, and does the type of uncertainty matter?
Sydney C. Ludvigson, Sai Ma, Serena Ng
semanticscholar +1 more source