Narrow search
Showing 1 - 10 of 190
Cover Image
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
Cover Image
Cyclical Movements in Hours and Effort under Sticky Wages
Chang, Yongsung; Bils, Mark - EconWPA - 2002
We examine the response of a sticky-wage economy to various real and nominal shocks. In addition to variations in hours, we allow for an endogenous response in worker effort per hour. Despite wages being predetermined, the labor market clears through the effort margin. We find that the ability...
Persistent link: https://www.econbiz.de/10005561229
Cover Image
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
Cover Image
Learning by Doing as a Propagation Mechanism
Chang, Yongsung; Gomes, Joao; Schorfheide, Frank - EconWPA - 2002
future productivity. Our econometric analysis uses a Bayesian approach to combine micro-level panel data with aggregate time …
Persistent link: https://www.econbiz.de/10005076683
Cover Image
Decomposing the co-movement of the business cycle: a time- frequency analysis of growth cycles in the eurozone
Crowley, Patrick; Lee, Jim - EconWPA - 2005
This article analyses the frequency components of European business cycles using real GDP by employing multiresolution decomposition (MRD) with the use of maximal overlap discrete wavelet transforms (MODWT). Static wavelet variance and correlation analysis is performed, and phasing is studied...
Persistent link: https://www.econbiz.de/10005076732
Cover Image
Regional productivity and efficiency in the U.S.: effects of business cycles and public capital
Boisso, Dale; Grosskopf, Shawna; Hayes, Kathy - Federal Reserve Bank of Dallas - 1996
Persistent link: https://www.econbiz.de/10005346049
Cover Image
The dynamics of recoveries
Balke, Nathan S.; Wynne, Mark A. - Federal Reserve Bank of Dallas - 1994
Persistent link: https://www.econbiz.de/10005346056
Cover Image
The role of total factor productivity in 'Phoenix Miracles' : insights from an emerging market crisis
Zarazaga, Carlos E. J. M. - Federal Reserve Bank of Dallas - 2007
Key macroeconomic variables such as GDP and investment typically display a V-shaped pattern during major emerging market crises. A notable exception to that pattern is intermediated credit, which follows an L-shaped trajectory instead: it declines at first in lockstep with economic activity, but...
Persistent link: https://www.econbiz.de/10005346059
Cover Image
The role of intratemporal adjustment costs in a multi-sector economy
Huffman, Gregory W.; Wynne, Mark A. - Federal Reserve Bank of Dallas - 1995
Persistent link: https://www.econbiz.de/10005346090
Cover Image
Business cycles under monetary union: EU and US business cycles compared
Wynne, Mark A.; Koo, Jahyeong - Federal Reserve Bank of Dallas - 1997
In discussions of the likely implications for Europe of EMU, the United States is often cited as an example of a monetary union, while the United States' central bank, the Federal Reserve System, is cited as a model for how a central bank would function in a monetary union. While the costs and...
Persistent link: https://www.econbiz.de/10005346137