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Growth expectations, undue optimism, and short-run fluctuations
Enders, Zeno; Kleemann, Michael; Müller, Gernot J. - 2013
We assess the contribution of "undue optimism" (Pigou) to short-run fluctuations. In our analysis, optimism pertains to total factor productivity which determines economic activity in the long run, but is not contemporaneously observed by market participants. In order to recover optimism shocks...
Persistent link: https://www.econbiz.de/10010224834
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News shocks under financial frictions
Görtz, Christoph; Tsoukalas, John D.; Zanetti, Francesco - 2020
. We document two new facts using VAR methods. First, a (positive) shock to future TFP generates a significant decline in …, VAR methods also establish a tight link between TFP news shocks and shocks that explain the majority of un …
Persistent link: https://www.econbiz.de/10012373126
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Routine-biased technological change and hours worked over the business cycle
Bock, Sébastien; Fontaine, Idriss - 2020
Persistent link: https://www.econbiz.de/10012387105
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Financial uncertainty and real activity : the good, the bad, and the ugly
Caggiano, Giovanni; Castelnuovo, Efrem; Delrio, Silvia; … - 2020
stress). Working with a VAR framework and a set-identification strategy which focuses on - but it is not limited to …
Persistent link: https://www.econbiz.de/10012245103
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Is there news in inventories?
Görtz, Christoph; Gunn, Christopher M.; Lubik, Thomas A. - 2020
We identify total factor productivity (TFP) news shocks using standard VAR methodology and document a new stylized fact …
Persistent link: https://www.econbiz.de/10012213178
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Banking crises and boom-bust dynamics : evidence for Italy (1861-2016)
Bartoletto, Silvana; Chiarini, Bruno; Marzano, Elisabetta; … - 2018
step further by integrating the narrative approach with an empirical VAR analysis, distinguishing between slowdown and …
Persistent link: https://www.econbiz.de/10011819402
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The oil story : is it still the same?
Rawat, Pranjal; Srinivasan, Naveen - 2020
Persistent link: https://www.econbiz.de/10013471092