Search Results - Business Economics

A flexible finite-horizon alternative to long-run restrictions with an application to technology shock

Francis, Neville; Owyang, Michael T.; Roush, Jennifer E.; … - 2010

Recent studies using long-run restrictions question the validity of the technology-driven real business cycle … technology- driven real business cycle hypothesis. We propose an alternative identi�cation that maximizes the contribution of …-run restrictions aimed at isolating the e�ects of technology shocks on productivity beyond business cycle frequencies do not provide …

Persistent link: https://econbiz.de/10005353016

Taylor-type rules and permanent shifts in productivity growth

Gavin, William T.; Keen, Benjamin D.; Pakko, Michael R. - 2009

growth are negatively correlated at business cycle frequencies when the central bank follows a Taylor-type policy rule that … Measurement of the Output Gap and the Design of Monetary Policy.” Journal of Economics and Business, January-April 2000, 52 … productivity growth are negatively correlated at business cycle frequencies when the central bank follows a Taylor-type policy …

Persistent link: https://econbiz.de/10008583250

Saving and growth under borrowing constraints explaining the "high saving rate" puzzle

Wen, Yi - 2009

Persistent link: https://econbiz.de/10008583255

Input and output inventory dynamics

Wen, Yi - 2009

stockout-avoidance motive. The model’s predictions are broadly consistent with the U.S. business cycle and key features of … countercyclical stock-to-sales ratio over the business cycle, and (iv) more volatile input inventories than output inventories. It is …-avoidance motive. The model�s pre- dictions are broadly consistent with the U.S. business cycle and key features of inven- tory …

Persistent link: https://econbiz.de/10005352803

Inflation, monetary policy and stock market conditions: quantitative evidence from a hybrid latent-variable VAR

Bordo, Michael D.; Dueker, Michael J.; Wheelock, David C. - 2009

of Economics and Business 53, 2001, pp. 5-26. Rigobon, R. and Sack, Brian. “Measuring the Reaction of Monetary Policy …-VAR JEL codes: E31, E52, G12, N12, N22 * Department of Economics, Rutgers University and NBER. Bordo ….” Journal of Business and Economic Statistics 23 (1), January 2005, pp. 96-104. Dueker, Michael J. and Nelson, Charles R …

Persistent link: https://econbiz.de/10005352826

Non-linear predictability in stock and bond returns: when and where is it exploitable?

Guidolin, Massimo; Hyde, Stuart; McMillan, David; Ono, … - 2009

? ∗ Massimo GUIDOLIN † Manchester Business School and Federal Reserve Bank of St. Louis Stuart HYDE Manchester Business School … economics and finance since the late 1970s. Against the background ∗ We thank Rodrigo Bueno (a discussant), Ana-Maria Fuertes (a … ESRC Keele Seminar on Nonlinear Economics and Finance (February 2008), the British Accounting Association (Blackpool, April …

Persistent link: https://econbiz.de/10005352830

U.S. commercial bank lending through 2008:Q4: new evidence from gross credit flows

Contessi, Silvio; Francis, Johanna - 2009

, Business Cycle, Financial crisis ∗We thank Ariel Weinberger for research assistance; Chanont Banternghansa and Yu Man Tam for …. Louis MO 63166-0442, silvio.contessi@stls.frb.org. Johanna Francis: Fordham University, Department of Economics, E-507 Dealy … much larger than net flows, so, at any phase of the business cycle, significant credit contraction and credit expansion co …

Persistent link: https://econbiz.de/10005352954

Learning and the Great Moderation

Bullard, James B.; Singh, Aarti - 2009

households attempting to learn the latent state of the economy. We use a standard equilibrium business cycle model with … a standard equilibrium business cycle model with technology following an unobserved regime-switching process. After 1984 … learning, information, business cycles, regime-switching. JEL codes: E3, D8. Email: bullard@stls.frb.org. Any views expressed …

Persistent link: https://econbiz.de/10005352989

Are children 'normal'?

Black, Dan; Kolesnikova, Natalia; Sanders, Seth G.; … - 2009

In his classic work on the economics of fertility, Becker (1960) suggests that children are likely “normal.” We examine … ARE CHILDREN “NORMAL”? ABSTRACT. In his classic work on the economics of fertility, Becker (1960) suggests that children …40. Key words: economics of fertility, location choice, Appalachian fertility INTRODUCTION Inhisenormouslyinfluential1960 …

Persistent link: https://econbiz.de/10005360553

The loan structure and housing tenure decisions in an equilibrium model of mortgage choice

Chambers, Matthew; Garriga, Carlos; Schlagenhauf, Don - 2009

of Economics, Florida State University, 246 Bellamy Building, Tallahassee, FL 32306-2180. E-mail: dschlage@fsu.edu. 1 1 …-pro�t business. The �rm receives the deposits of the house- holds, a0; and uses these funds to make loans to �rms and households …

Persistent link: https://econbiz.de/10005360578