Similar Search Results

Asymmetric Information and Employment Fluctuations

Bruegemann, Bjoern; Moscarini, Giuseppe - Society for Economic Dynamics - SED - 2006

Shimer (2005) showed that a standard search and matching model of the labor market fails to generate fluctuations of … unemployment and vacancies of the magnitude observed in US data in response to shocks to average labor productivity of plausible … response of unemployment and vacancies to a shock to average labor productivity. In light of these properties, cast in terms of …

Persistent link: https://www.econbiz.de/10005069277

Welfare Costs, Long Run Consumption Risk, and a Production Economy.

Croce, Mariano M. - Society for Economic Dynamics - SED - 2006

The main goal of this paper is to measure the welfare costs of business cycles in a production economy in which the representative agent has low risk aversion and - at the same time - the equity premium and the co-movements of aggregate quantities and market returns are comparable to what...

Persistent link: https://www.econbiz.de/10005069327

Business Cycles under Generalized Disappointment Aversion

Campanale, Claudio; Castro, Rui; Clementi, Gian Luca - Society for Economic Dynamics - SED - 2006

Standard business cycle models with state-additive preferences, while broadly consistent with the behavior of real macroeconomic aggregates, are unable to generate asymmetries between expansions and recessions, and are also inconsistent with the behavior of asset prices. In this paper we exploit...

Persistent link: https://www.econbiz.de/10005069351

Monetary Policy, Taxes, and the Business Cycle

Pakko, Michael R.; Gavin, William T.; Kydland, Finn E. - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10005051394

The Granular Origins of Aggregate Fluctuations

Gabaix, Xavier - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10005051395

The international cycle and Colombian monetary policy

Mahadeva, Lavan; Pineda, Javier Gómez - Banco de la Republica de Colombia

The objective of this paper is to analyze how international cycles affect the real GDP cycle and so monetary policy decisions in Colombia. We estimate that cycles in world GDP, export prices and capital inflows are strongly associated with the Colombian business cycle both on impact and even...

Persistent link: https://www.econbiz.de/10005650576

Fiscal Policy Throughout the Cycle: The Colombian Experience

Lozano, Ignacio; Toro, Jorge - Banco de la Republica de Colombia

This paper reviews the relationship between the business cycle and public finances in Colombia. The evidence shows that cyclical movements in output systematically affect the situation of public finances. Hence, the distinction between the cyclical and permanent (i.e. structural) components of...

Persistent link: https://www.econbiz.de/10005274378