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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

Aggregate shocks or aggregate information? : costly information and business cycle comovement

Veldkamp, Laura (contributor); Wolfers, Justin (contributor) - 2006

Persistent link: https://www.econbiz.de/10003726973

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

Facts and fantasies about commodity futures

Gorton, Gary (contributor); … - 2005 - Rev.

Persistent link: https://www.econbiz.de/10003726184

A consumption-based explanation of expected stock returns

Yogo, Motohiro (contributor) - 2005

Persistent link: https://www.econbiz.de/10003726194

Bank credit cycles

Gorton, Gary (contributor); He, Ping (contributor) - 2005 - Rev.

Persistent link: https://www.econbiz.de/10003726340

Durability of output and expected stock returns

Gomes, João (contributor); Kogan, Leonid (contributor); … - 2007 - Rev.

"The demand for durable goods is more cyclical than that for nondurable goods and services. Consequently, the cash flow and stock returns of durable-good producers are exposed to higher systematic risk. Using the NIPA input-output tables, we construct portfolios of durable-good, nondurable-good,...

Persistent link: https://www.econbiz.de/10003726989

Macroeconomic effects of financial shocks

Jermann, Urban J.; Quadrini, Vincenzo - 2010

Persistent link: https://www.econbiz.de/10003991667