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Common stochastic trends, common cycles, and asymmetry in economic fluctuations
Kim, Chang-jin (contributor); Piger, Jeremy Max (contributor) - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001965274
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Comovement : it's not a puzzle
DiCecio, Riccardo (contributor) - 2005
"A defining feature of business cycles is the comovement of inputs at the sectoral level with aggregate activity. Standard models cannot account for this phenomenon. This paper develops and estimates a two-sector dynamic general equilibrium model which can account for this key regularity. My...
Persistent link: https://www.econbiz.de/10002977387
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The effectiveness of monetary policy : an assessment
Wen, Yi (contributor) - 2005
"When monetary policies are endogenous, the conventional VAR approach for detecting the effect of monetary policies is powerless. This paper proposes to test the implication of monetary policies along a different dimension. That implication is to exploit the policy induced exogeneity of...
Persistent link: https://www.econbiz.de/10002956722
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The use of long-run restrictions for the identification of technology shocks
Francis, Neville (contributor);  … - 2003 - [Elektronische Ressource], rev
Persistent link: https://www.econbiz.de/10001979869
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Modeling volcker as a non-absorbing state : agnostic identification of a markov-switching VAR
Owyang, Michael T. (contributor) - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001974169
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Another look at sticky prices and output persistence
Wang, Peng-fei (contributor); Wen, Yi (contributor) - 2005
"Price rigidity is the key mechanism for propagating business cycles in traditional Keynesian theory. Yet the New … equilibrium. We show that price rigidity in fact can (by itself) give rise to a strong propagation mechanism of the business cycle …, we show that reasonable price stickiness can generate highly persistent, hump-shaped movements in output, investment and …
Persistent link: https://www.econbiz.de/10002956723
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Durable good inventories and the volatility of production : explaining the less volatile U.S. economy
Wen, Yi (contributor) - 2005
"This paper provides a simple dynamic optimization model of durable goods inventories. Closed-form solutions are derived in a general equilibrium environment with imperfect information and serially correlated shocks. The model is then applied to scrutinize some popular conjectures regarding the...
Persistent link: https://www.econbiz.de/10002956727
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Federal Reserve Bank of St. Louis review
Federal Reserve Bank of St. Louis - St. Louis, Mo. : Research Div. of the Fed. Reserve Bank … - Nachgewiesen 49.1967 -
Persistent link: https://www.econbiz.de/10001378895
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Review / Federal Reserve Bank of St. Louis
Federal Reserve Bank of St. Louis - St. Louis, Mo. : [Verlag nicht ermittelbar] - 1.1919 -
Persistent link: https://www.econbiz.de/10000358848
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Information and drug prices : evidence from the Medicare discount drug card program
Dinlersoz, Emin Murat; Li, Han; Sherman, Roger; … - 2005
Persistent link: https://www.econbiz.de/10003344907