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The effects of news about future productivity on international relative prices: an empirical investigation

Nam, Deokwoo; Wang, Jian - Federal Reserve Bank of Dallas - 2010

In this paper, we find that expected (news) and unexpected (contemporaneous) components of productivity changes have … factor productivity (TFP) into news and contemporaneous productivity changes. The US real exchange rate appreciates following … international transmission of productivity shocks and the modeling of exchange rate volatility. …

Persistent link: https://www.econbiz.de/10008739773

Regional economy and manufacturing update

Dudley, William - Federal Reserve Bank of New York - 2010

Remarks at the Quarterly Regional Economic Press Briefing, New York City.

Persistent link: https://www.econbiz.de/10010724980

Labor supply heterogeneity and macroeconomic comovement

Eusepi, Stefano; Preston, Bruce - Federal Reserve Bank of New York - 2009

Standard real business cycle models must rely on total factor productivity (TFP) shocks to explain the observed …

Persistent link: https://www.econbiz.de/10008636173

The money-output link: are F-tests reliable?

Abate, Joseph; Boldin, Michael - Federal Reserve Bank of New York - 1993

Persistent link: https://www.econbiz.de/10005387309

Sovereigns versus Banks: Credit, Crises, and Consequences

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - CESifo - 2013

Two separate narratives have emerged in the wake of the Global Financial Crisis. One interpretation speaks of private financial excess and the key role of the banking system in leveraging and deleveraging the economy. The other emphasizes the public sector balance sheet over the private and...

Persistent link: https://www.econbiz.de/10010877944

Job search behavior over the business cycle

Mukoyama, Toshihiko; Sahin, Aysegul; Patterson, Christina - Federal Reserve Bank of New York - 2014

We create a novel measure of job search effort starting in 1994 by exploiting the overlap between the Current Population Survey and the American Time Use Survey. We examine the cyclical behavior of aggregate job search effort using time series and cross-state variation and find that it is...

Persistent link: https://www.econbiz.de/10010890133

Bank heterogeneity and capital allocation: evidence from "fracking" shocks

Plosser, Matthew Charles - Federal Reserve Bank of New York - 2014

This paper empirically investigates banks’ investment allocations over the recent business cycle. I identify unsolicited deposit shocks resulting from unconventional energy development and estimate bank allocations of these deposits. In the pre-recession period, banks lend 38 percent of...

Persistent link: https://www.econbiz.de/10010936676

The Great Mortgaging: Housing Finance, Crises, and Business Cycles

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - CESifo - 2014

This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks’ balance sheets doubled in the course of the 20th century, driven by a sharp rise of...

Persistent link: https://www.econbiz.de/10010948836

Estimating Fluctuations in Oil and Gas Investment

Dahl, Roy Endré; Osmundsen, Petter - CESifo - 2014

Governments in extraction countries are anxious to estimate expected investment in development projects, since they represent an essential element of the macro economy. The overall level of activity is also crucial to oil companies, since the macro picture affects cost levels, the supplies...

Persistent link: https://www.econbiz.de/10010948869

Vertical specialization and international business cycle synchronization

Arkolakis, Costas; Ramanarayanan, Ananth - Federal Reserve Bank of Dallas - 2008

countries. We show analytically that fluctuations in measured productivity in our model are not linked across countries through …

Persistent link: https://www.econbiz.de/10005367956

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