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A state-level analysis of the Great Moderation

Owyang, Michael T.; Piger, Jeremy M.; Wall, Howard J. - Federal Reserve Bank of St. Louis - 2007

the origin of the aggregate volatility reduction. We show that states with relatively high concentrations in the durable-goods …

Persistent link: https://www.econbiz.de/10005360567

Near-rational exuberance

Bullard, James B.; Evans, George W.; Honkapohja, Seppo - Federal Reserve Bank of St. Louis - 2004

monetary policy framework. Inclusion of judgement in forecasts can lead to self-fulfilling fluctuations, but without the …

Persistent link: https://www.econbiz.de/10005707643

Are the dynamic linkages between the macroeconomy and asset prices time-varying?

Guidolin, Massimo; Ono, Sadayuki - Federal Reserve Bank of St. Louis - 2005

real money growth). Heteroskedasticity may be accounted for by making the covariance matrix a function of the regime. We …

Persistent link: https://www.econbiz.de/10005707740

Strategic asset allocation and consumption decisions under multivariate regime switching

Guidolin, Massimo (contributor); … - 2005

"This paper studies strategic asset allocation and consumption choice in the presence of regime switching in asset … the longer their investment horizon, while the optimal allocation to stocks declines as a function of the investment … returns from the dividend yield give rise to a non-monotonic relationship between the investment horizon and the demand for …

Persistent link: https://www.econbiz.de/10002917579

Diamonds are forever, wars are not : is conflict bad for private firms?

Guidolin, Massimo; La Ferrara, Eliana - 2005 - Rev

"This paper studies the relationship between civil war and private investment in a poor, resource abundant country …

Persistent link: https://www.econbiz.de/10002917581

Are government spending multipliers greater during periods of slack? evidence from 20th century historical data

Owyang, Michael T.; Ramey, Valerie A.; Zubairy, Sarah - Federal Reserve Bank of St. Louis - 2013

A key question that has arisen during recent debates is whether government spending multipliers are larger during times when resources are idle. This paper seeks to shed light on this question by analyzing new quarterly historical data covering multiple large wars and depressions in the U.S. and...

Persistent link: https://www.econbiz.de/10011027317