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A note on firm entry, markups and the business cycle
Cavallari, Lilia - In: Economic Modelling 35 (2013) C, pp. 528-535
This paper proposes a monetary model with firm entry as a means for alleviating the difficulties of real business cycle models in reproducing the smoothness and persistence of macroeconomic variables together with the volatility of profits and markups. Simulations show that my baseline model...
Persistent link: https://www.econbiz.de/10010719410
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Evaluating a vector of the Fed’s forecasts
Sinclair, Tara M.; Stekler, H.O.; Carnow, Warren - In: International Journal of Forecasting 31 (2015) 1, pp. 157-164
forecasts. Finally, we use the same methodology to determine whether the Fed’s forecasts of GDP growth, inflation, and …
Persistent link: https://www.econbiz.de/10011117240
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Stock Returns, Inflation, and the Business Cycle
Moore, Gary S.; Visscher, Sue L. - In: American Journal of Business 8 (1993) 1, pp. 45-50
This study examines the effect of inflation on stock returns in the context of the policy reaction function theory …. This theory contends that the nature and extent of the governmentÕs policy reaction to inflation will depend upon the … is at a business cycle peak than at a trough. Therefore, the effect of inflation on stock returns varies with the stage …
Persistent link: https://www.econbiz.de/10010814778