Search Results - ("Business cycle" OR "EMU" OR "EU" OR "Euro" OR "Integration" OR "Monetary policy") AND NOT isPartOf:Intereconomics

Flight Abroad in the Euro Area : Evidence From a ECB Collateral Framework Change

Hüttl, Pia - 2021

, the European Central Bank replaced national collateral lists with a single list valid across the euro area. Banks holding … without such assets, and they extended more loans to riskier and less productive borrowers located in other euro area … financial integration in fueling cross-border credit booms …

Persistent link: https://www.econbiz.de/10013313482

Dispersion over the business cycle: Passthrough, productivity, and demand?

Carlsson, Mikael; Clymo, Alex; Joslin, Knut-Eric - 2023

We characterize the dispersion of firm-level productivity and demand shocks over the business cycle using Swedish …

Persistent link: https://www.econbiz.de/10014540949

Quarterly GDP Estimates for the German States: New Data for Business Cycle Analyses and Long-Run Dynamics

Lehmann, Robert; Wikman, Ida - 2023

new data for an in-depth business cycle analysis and to estimate long-run growth dynamics. The business cycle analysis …

Persistent link: https://www.econbiz.de/10014290190

Uncertainty about the war in Ukraine: Measurement and effects on the German business cycle

Grebe, Moritz; Kandemir, Sinem; Tillmann, Peter - 2023

We assemble a data set of more than eight million German Twitter posts related to the war in Ukraine. Based on state-of-the-art methods of text analysis, we construct a daily index of uncertainty about the war as perceived by German Twitter. The approach also allows us to separate this index...

Persistent link: https://www.econbiz.de/10014293718

Quantifying priorities in business cycle reports: Analysis of recurring textual patterns around peaks and troughs

Foltas, Alexander - 2023

I propose a novel approach to uncover business cycle reports' priorities and relate them to economic fluctuations. To … this end, I leverage quantitative business-cycle forecasts published by leading German economic research institutes since … 1970 to estimate the proportions of latent topics in associated business cycle reports. I then employ a supervised approach …

Persistent link: https://www.econbiz.de/10014317128

Rational inattention and the business cycle effects of productivity and news shocks

Maćkowiak, Bartosz; Wiederholt, Mirko - 2023

We solve a real business cycle model with rational inattention (an RI-RBC model). In the RI-RBC model, the growth rates … news about future productivity. By contrast, the baseline RBC model produces neither persistent growth rates nor business … cycle comovement after news shocks. …

Persistent link: https://www.econbiz.de/10014374771

Moments of cross‐sectional stock market returns and the German business cycle

Döpke, Jörg; Müller, Karsten; Tegtmeier, Lars - In: Economic Notes 52 (2023) 2

returns may provide information about the future position of the German business cycle. We apply in‐sample forecasting …‐established leading indicators for the German business cycle. Out‐of‐sample tests show that these variables reduce the relative mean …

Persistent link: https://www.econbiz.de/10014504276

Uncertainty about the war in Ukraine: Measurement and effects on the German business cycle

Grebe, Moritz; Kandemir, Sinem; Tillmann, Peter - 2023

We assemble a data set of more that eight million German Twitter posts related to the war in Ukraine. Based on state-of-the-art methods of text analysis, we construct a daily index of uncertainty about the war as perceived by German Twitter. The approach also allows us to separate this index...

Persistent link: https://www.econbiz.de/10014374630

The Nash wage elasticity and its business cycle implications

Knowles, Matthew; Lupoli, Mario - 2023

We develop a new measure of wage rigidity, the Nash wage elasticity (NWE). The NWE is the percentage change in the actual wage rate when the wage that would occur under Nash bargaining changes by 1%. We show that the NWE can be measured from aggregate data under relatively weak assumptions which...

Persistent link: https://www.econbiz.de/10014374647

Rational inattention and the business cycle effects of productivity and news shocks

Maćkowiak, Bartosz; Wiederholt, Mirko - 2023

Persistent link: https://www.econbiz.de/10014343098