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The role of real and nominal variables in defining business cycles: dynamic properties of a hybrid model - an alternative view
Chirwa, Themba G. - Volkswirtschaftliche Fakultät, … - 2009
(inflation) is introduced in the production function and is used to control the severity, persistence and magnitude of a given …
Persistent link: https://www.econbiz.de/10008514891
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Real-Time Macroeconomic Monitoring: Real Activity, Inflation, and Interactions
Aruoba, S. Boragan; Diebold, Francis X. - Department of Economics, University of Pennsylvania - 2010
, we focus not only on real activity, which has received most attention to date, but also on inflation and its interaction … aspects concern a real activity decline that was unusually long but less unusually deep, and an inflation decline that was … unusually deep but brief; and (3) its real activity and inflation interactions were strongly positive, consistent with an …
Persistent link: https://www.econbiz.de/10008493139
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Private sector balance, financial markets, and U.S. cycle: A SVAR analysis
Casadio, Paolo; Paradiso, Antonio - Volkswirtschaftliche Fakultät, … - 2010
Purpose – Considering the sectoral balance approach of Godley, and focusing only on the two main components of the private sector balance for the U.S. economy (household and non-financial corporate balance), we investigate the relationship between these two sectors, the financial variables,...
Persistent link: https://www.econbiz.de/10008788803
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The Australian Business Cycle: A New View
Harding, Don - Volkswirtschaftliche Fakultät, … - 2002
In this paper I address the following questions. - Has the business cycle become longer and shallower? And why? - How stabilizing is monetary policy. In answering these questions I summarize recent research undertaken by Adrian Pagan and myself that formalizes the procedures developed by Burns...
Persistent link: https://www.econbiz.de/10005789238