Similar Search Results

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

Business cycle dynamics of a new Keynesian overlapping generations model with progressive income taxation

Heer, Burkhard (contributor); Maußner, Alfred (contributor) - 2006

. We find that the business cycle dynamics in the OLG model in response to both a technology shock and a monetary shock are …

Persistent link: https://www.econbiz.de/10003301356

Appropriate fiscal policy over the business cycle : proper stimulus policies can work

Graves, Philip E. - 2010

Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama stimulus package being a contentious recent example. Some pundits go so far as to take the position that macroeconomic theory has failed to meaningfully progress in terms of providing useful...

Persistent link: https://www.econbiz.de/10008653412

Investigating the U.S. oil-macroeconomy nexus using rolling impulse responses

Gronwald, Marc - 2009

of rolling impulse responses is applied and both the aggregate and the industry-level is considered. It is found that the … both subsample and industry-specifics. The results, furthermore, suggest that the Great Moderation can essentially be …

Persistent link: https://www.econbiz.de/10003857164

Trust in public institutions over the business cycle

Stevenson, Betsey; Wolfers, Justin - 2011

We document that trust in public institutions - and particularly trust in banks, business and government - has declined over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in institutions. Cross-country comparisons reveal a clear...

Persistent link: https://www.econbiz.de/10009011131

In Search for yield? : new survey-based evidence on bank risk taking

Buch, Claudia M.; Eickmeier, Sandra; Prieto, Esteban - 2011

There is growing consensus that the conduct of monetary policy can have an impact on financial and economic stability through the risk-taking incentives of banks. Falling interest rates might induce a "search for yield" and generate incentives to invest into risky activities. This paper provides...

Persistent link: https://www.econbiz.de/10009011303

Monetary policy analysis in real-time : vintage combination from a real-time dataset

Altavilla, Carlo; Ciccarelli, Matteo - 2011

This paper provides a general strategy for analyzing monetary policy in real time which accounts for data uncertainty without explicitly modelling the revision process. The strategy makes use of all the data available from a real-time data matrix and averages model estimates across all data...

Persistent link: https://www.econbiz.de/10009011352