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Sticky information vs. sticky prices : a horse race in a DSGE framework

Trabandt, Mathias (contributor) - 2003 - [Elektronische Ressource], rev

Persistent link: https://www.econbiz.de/10001916974

Heterogeneous time preferences and interest rates : the preferred habitat theory revisited

Riedel, Frank - 1999

Habitat Theory of Modigliani and Sutch, a model for intertemporal preferences accounting for preferred habitats is proposed … term bonds to shorter instruments as the Preferred Habitat Theory predicts. …

Persistent link: https://www.econbiz.de/10009579171

Animal spirits, technology shocks and the business cycle

Weder, Mark - 1997

In this paper a two-sector growth model allowing indeterminacy to occur at relatively mild degrees of increasing returns is developed. It is shown that these economies of scale need only be present in one sector of the economy (investment). This feature of the model, therefore, builds on...

Persistent link: https://www.econbiz.de/10009659067

Stabilization policy and business cycle phases in Europe : a Markov Switching VAR analysis

Beine, Michel; Candelon, Bertrand; Sekkat, Khalid - 1999

Most of the empirical studies dealing with international business cycles have disregarded the credibility issues that play an important role in the decision to join or not a monetary union. Most of empirical applications based on asymmetric shocks have failed to account for these aspects. In...

Persistent link: https://www.econbiz.de/10009582416

The great demand depression

Weder, Mark - 2001

This paper entertains the notion that disturbances on the demand side play a central role in our understanding of the Great Depression. In fact, from Euler equation residuals we are able to identify a series of unusually large negative demand shocks that appeared to have hit the U. S. economy...

Persistent link: https://www.econbiz.de/10009614288

Fractional integration and business cycle features

Candelon, Bertrand; Gil-Alaña, Luis A. - 2001

We show in this article that fractionally integrated univariate models for GDP may lead to a better replication of business cycle characteristics. We firstly show that the business cycle features are clearly affected by the degree of integration as well as by the other short run components of...

Persistent link: https://www.econbiz.de/10009614295

Taylor rules and macroeconomic instability or how the Central Bank can pre-empt sunspot expectations

Weder, Mark (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001917100

Cyclical correlations, credit contagion, and portfolio losses

Giesecke, Kay (contributor); Weber, Stefan (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001919109

The influence of inventory effects and reference points on the rate of consumption

Bell, David R.; Boztuğ, Yasemin - 2001 - Rev.

The authors develop and test a model to study the influence of inventory-on-hand and price-based reference points on … positive and negative deviations from category price expectations. The model is estimated on eleven product categories. The …

Persistent link: https://www.econbiz.de/10009615422

Price variability and price dispersion in a stable monetary environment : evidence from German retail markets

Fengler, Matthias R.; Winter, Joachim - 2000

We investigate the relationship between inflation and price variation using highly disaggregated, weekly price data for … rates of price change and price dispersion, both at the level of individual products and product groups. However, we find no … correlation between the rates of price change and price variability. Together with results from similar studies, Tommasi (1993 …

Persistent link: https://www.econbiz.de/10009612033

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