Making inferences about aggregate business cycles from regional variation alone is difficult because of economic … channels and shocks that differ between regional and aggregate economies. However, we argue that regional business cycles …

the previous decrease. We develop a microfounded plucking model of the business cycle. The source of asymmetry in our …

the previous decrease. We develop a microfounded plucking model of the business cycle. The source of asymmetry in our …

Speculation, in the spirit of Harrison and Kreps [1978], is introduced into a standard real business cycle model …

. In empirical assessments, we find that durable goods consumption fluctuates strongly over the business cycle and that VAT …

business-cycle including strongly and moderately demand- and supply-driven recessions, by taking the whole distribution of …

remittance inflows are countercyclical against the business cycle of a remittance-receiving country relative to a sending country …

mobility or mobility shocks, we propose a multi-sector business cycle model with on-the-job search and endogenous occupational …