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Kilian, Lutz; Nomikos, Nikos K.; Zhou, Xiaoqing - 2021

detrended data for personal consumption expenditures and manufacturing output suggest that the U.S. economy has recovered to … near 90% of pre-pandemic levels as of March 2021, our structural VAR model shows that the component of manufacturing output …

Persistent link: https://www.econbiz.de/10012550202

Output effects of inflation with fixed price- and quantity-adjustment costs

Danziger, Leif (contributor) - 2005

With fixed costs of price and quantity adjustment, output effects of inflation depend on the elasticity of the firm's marginal real revenue. If the elasticity always exceeds minus unity, then output decreases with inflation, while if the elasticity is always less than minus unity, then output...

Persistent link: https://www.econbiz.de/10003121028

What drives aggregate investment?

Bachmann, Ruediger; Zorn, Peter - 2013 - This Version: April 13, 2013

Using firm-level survey data for the West German manufacturing sector, this paper revisits the technology …-driven business cycle hypothesis for the case of aggregate investment. We construct a survey-based measure of technology shocks to … gauge their contribution to short-run investment fluctuations. We estimate an upper bound for the contribution of technology …

Persistent link: https://www.econbiz.de/10009736762

Sectoral trends and cycles in Germany

Cheung, Yin-Wong; Westermann, Frank - 2001

We examine the comovements between the output indexes of three German sectors (manufacturing, mining, and agriculture …

Persistent link: https://www.econbiz.de/10011398919

Revenue bubbles and structural deficits : what's a state to do?

Mattoon, Richard H. (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003786286

Firm-specific capital, nominal rigidities and the business cycle

Altig, David; Christiano, Lawrence J.; Eichenbaum, Martin S. - 2005

Persistent link: https://www.econbiz.de/10002685179

Can structural small open economy models account for the influence of foreign disturbances?

Justiniano, Alejandro; Preston, Bruce - 2009

This paper demonstrates that an estimated, structural, small open-economy model of the Canadian economy cannot account for the substantial influence of foreign-sourced disturbances identified in numerous reduced-form studies. The benchmark model assumes uncorrelated shocks across countries and...

Persistent link: https://www.econbiz.de/10003914665

Cyclical dumping and US antidumping protection, 1980 - 2001

Crowley, Meredith (contributor) - 2009 - Rev.

-country variation in economic shocks in manufacturing, I estimate a joint model of filing decisions by the US industry and antidumping … growth of employment (consumption) in a foreign economy’s manufacturing industry doubles (triples) the joint probability that … decisions by the US government. I find strong evidence that economic weakness in a foreign industry is associated with an …

Persistent link: https://www.econbiz.de/10003679753

Establishments dynamics and matching frictions in classical competitive equilibrium

Veracierto, Marcelo (contributor) - 2007

This paper develops a Walrasian equilibrium theory of establishment level dynamics and matching frictions and uses it to evaluate the effects of congestion externalities in the matching process and determine the government interventions that are needed to implement a Pareto optimal allocation....

Persistent link: https://www.econbiz.de/10003679758

Monetary policy, output composition, and the great moderation

Mojon, Benoît (contributor) - 2007

"This paper shows how US monetary policy contributed to the drop in the volatility of US output fluctuations and to the decoupling of household investment from the business cycle. I estimate a model of household investment, an aggregate of non durable consumption and corporate sector investment,...

Persistent link: https://www.econbiz.de/10003497260