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~institution:"Federal Reserve Bank of St. Louis"
~institution:"Zentrum für Europäische Wirtschaftsforschung"
~person:"Gascon, Charles S."
~person:"Wen, Yi"
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Gascon, Charles S.
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Metro Business Cycles
Arias, Arias , Maria A.
;
Gascon, Charles S.
;
Rapach, …
-
Federal Reserve Bank of St. Louis
-
2014
suffer severe recessions around the time of the recent Great
Recession
. Nevertheless, there are significant differences in …
Persistent link: https://www.econbiz.de/10011027333
Saved in:
2
The multiplier : a general equilibrium analysis of multi-stage-fabrication economy with inventories
Wen, Yi
(
contributor
)
-
2005
the average postwar
recession
in the United States (e.g., see Blinder and Maccini, 1991). 3 must be ordered in advance …
Persistent link: https://www.econbiz.de/10003344532
Saved in:
3
The effectiveness of monetary policy : an assessment
Wen, Yi
(
contributor
)
-
2005
a very strong lagged multiplier effect. At the trough of the
recession
, output drops by 2.2 percent, consumption drops by …
Persistent link: https://www.econbiz.de/10002956722
Saved in:
4
Another look at sticky prices and output persistence
Wang, Peng-fei
(
contributor
);
Wen, Yi
(
contributor
)
-
2005
"Price rigidity is the key mechanism for propagating business cycles in traditional Keynesian theory. Yet the New Keynesian literature has failed to show that sticky prices by themselves can effectively propagate business cycles in general equilibrium. We show that price rigidity in fact can (by...
Persistent link: https://www.econbiz.de/10002956723
Saved in:
5
Wavelet : a new tool for business cycle analysis
Raihan, Sharif Md.
(
contributor
);
Wen, Yi
(
contributor
); …
-
2005
"One basic problem in business-cycle studies is how to deal with nonstationary time series. The market economy is an evolutionary system. Economic time series therefore contain stochastic components that are necessarily time dependent. Traditional methods of business cycle analysis, such as the...
Persistent link: https://www.econbiz.de/10002956724
Saved in:
6
Durable good inventories and the volatility of production : explaining the less volatile U.S. economy
Wen, Yi
(
contributor
)
-
2005
"This paper provides a simple dynamic optimization model of durable goods inventories. Closed-form solutions are derived in a general equilibrium environment with imperfect information and serially correlated shocks. The model is then applied to scrutinize some popular conjectures regarding the...
Persistent link: https://www.econbiz.de/10002956727
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