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Leitner, Sandra M. - East Asian Bureau of Economic Research (EABER) - 2005

This paper provides an overall picture of the Philippine business cycles covering the period 1981 to 2003 by characterizing them in terms of volatility, co-movement and persistence. As a trend-cycle decomposition technique, the most frequently used Hodrick Prescott filter was applied. The period...

Persistent link: https://www.econbiz.de/10009363968

Examining the decoupling hypothesis for India

Jayaram, Shruthi; Patnaik, Ila; Shah, Ajay - East Asian Bureau of Economic Research (EABER) - 2009

This paper examines the decoupling hypothesis for India. We analyse business cycle synchronisation between India and a set of industrial economies, particularly the United States, over the period 1992 to 2008. The evidence suggests that the Indian business cycle exhibits increasing co-movement...

Persistent link: https://www.econbiz.de/10009365125

Time-Varying Incentives in the Mutual Fund Industry

Tay, Anthony - East Asian Bureau of Economic Research (EABER) - 2008

This paper re-examines the incentives of mutual fund managers arising from investor flows. We provide evidence that the convexity of the flow-performance relationship varies with economic activity. We show that the effect is economically large and is not driven by abnormal years. We test two...

Persistent link: https://www.econbiz.de/10009365425

Price Dispersion: The Role of Distance, Borders and Location

Crucini, Mario; Telmer, Chris; Zachariadis, Marios - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10004970318

Letting Go: Managerial Incentives and the Reallocation of Capital

Rampini, Adriano A.; Eisfeldt, Andrea L. - Society for Economic Dynamics - SED - 2004

This paper studies the provision of incentives to reallocate capital when managers are reluctant to relinquish control and have private information about the productivity of assets under their control. We show that when managers get private benefits from running projects substantial bonuses are...

Persistent link: https://www.econbiz.de/10004970357

Can Structural Small Open Economy Models Account for the Influence of Foreign Disturbances?

Justiniano, Alejandro; Preston, Bruce - Society for Economic Dynamics - SED - 2006

This paper evaluates whether an estimated, structural, small open economy model of the Canadian economy can account for the substantial influence of foreign-sourced disturbances identified in numerous reduced-form studies. The analysis shows that the benchmark model --- and a number of variants...

Persistent link: https://www.econbiz.de/10004977913

Measuring unemployment composition over the cycle

Barbarino, Alessandro; Pavan, Ronni - Society for Economic Dynamics - SED - 2006

This paper proposes a strategy to measure, in a unified setting, how the job finding probability and the job separation probability conditional on observable and unobservable individual characteristics varies over the business cycle. Recent papers by Shimer and Hall point out how new...

Persistent link: https://www.econbiz.de/10005069220

On the Cyclicality of Labor Market Mismatch and Aggregate Employment Flows

Beauchemin, Kenneth; Tasci, Murat - Society for Economic Dynamics - SED - 2006

search with observed U.S. time series measures on employment, vacancies, and aggregate output to uncover the cyclical … employment changes, our procedure also implies measured time series of the flows into and out of employment. We find that labor … cyclical patterns lead to procyclical implied gross employment flows, thereby concentrating labor force reallocation during …

Persistent link: https://www.econbiz.de/10005069225

Energy and the Macroeconomy: The Role of Consumer Durables

Jeske, Karsten; Dhawan, Rajeev - Society for Economic Dynamics - SED - 2006

So far the literature on DSGE models with energy price shocks models energy on the production side only. In these models, energy shocks are responsible for only a negligible share of output fluctuations. We study the robustness of this finding. The aim of our paper is to model the response of...

Persistent link: https://www.econbiz.de/10005069247

Learning, Expectations and the Business Cycle

Eusepi, Stefano; D'Amico, Stefania - Society for Economic Dynamics - SED - 2006

Standard RBC models predict forecastable movements in output, consumption and hours that differ from those obtained from a VAR estimated on US data. The paper investigates whether introducing bounded rationality and learning generates business cycles properties which are empirically plausible....

Persistent link: https://www.econbiz.de/10005069254

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