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News Shocks
Barsky, Robert - 2009
innovations, and negatively correlated with inflation innovations. The disinflationary nature of news shocks is consistent with …
Persistent link: https://www.econbiz.de/10013156463
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Re-Evaluating Swedish Membership in Emu : Evidence from an Estimated Model
Söderström, Ulf - 2021
inflation and GDP growth might have been slightly higher if Sweden had been a member of EMU since the launch in 1999, but also …I revisit the potential costs and benefits for Sweden of joining the Economic and Monetary Union (EMU) of the European … in the monetary union would be advantageous for Sweden …
Persistent link: https://www.econbiz.de/10013243957
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Money and Interest Rates in the United States During the Great Depression
Basile, Peter - 2010
This paper reexamines the debate over whether the United States fell into a liquidity trap in the 1930s. We first review the literature on the liquidity trap focusing on Keynes's discussion of "absolute liquidity preference" and the division that soon emerged between Keynes, who believed that a...
Persistent link: https://www.econbiz.de/10013139970
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Money Matters : Broad Divisia Money and the Recovery of Nominal GDP from the Covid-19 Recession
Bordo, Michael D.; Duca, John V. - 2023
The rise of inflation in 2021 and 2022 surprised many macroeconomists who ignored the earlier surge in money growth …-term nominal GDP growth and inflationary pressures as monetary policy tightening seeks to restore low inflation …
Persistent link: https://www.econbiz.de/10014346628
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Correlated Disturbances and U.S. Business Cycles
Cúrdia, Vasco - 2010
The dynamic stochastic general equilibrium (DSGE) models that are used to study business cycles typically assume that exogenous disturbances are independent autoregressions of order one. This paper relaxes this tight and arbitrary restriction, by allowing for disturbances that have a rich...
Persistent link: https://www.econbiz.de/10013147368
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Unemployment rate cycles in Europe
Cuestas, Juan Carlos; Gil-Alaña, Luis A. - In: Applied economics letters 24 (2017) 1/3, pp. 136-139
Persistent link: https://www.econbiz.de/10011703977
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Structural and Cyclical Forces in the Labor Market During the Great Recession : Cross-Country Evidence
Sala, Luca - 2012
price and wage rigidities to study four countries (the U.S., the U.K., Sweden, and Germany) during the financial crisis and … factors were also important in the U.K., but less so in Sweden and Germany. Reduced matching efficiency was considerably less … important in the U.K. and Sweden than in the U.S., but matching efficiency improved in Germany, helping to keep unemployment low …
Persistent link: https://www.econbiz.de/10013099824
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Nonlinearity in US macroeconomic time series
Yoon, Gawon - In: Applied economics letters 17 (2010) 16/18, pp. 1601-1609
Persistent link: https://www.econbiz.de/10009232175
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Business Cycle Properties of Selected U.S. Economic Time Series, 1959-1988
Stock, James H.; Watson, Mark W. - 2021
This paper catalogs the business cycle properties of 163 monthly U.S. economic time series over the three decades from 1959 through 1988. Two general sets of summary statistics are reported. The first set measures the comovement of each individual time series with a reference series representing...
Persistent link: https://www.econbiz.de/10013237567
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Business Cycle Fluctuations in U.S. Macroeconomic Time Series
Stock, James H.; Watson, Mark W. - 2021
This paper examines the empirical relationship in the postwar United States between the aggregate business cycle and various aspects of the macroeconomy, such as production, interest rates, prices, productivity, sectoral employment, investment, income, and consumption. This is done by examining...
Persistent link: https://www.econbiz.de/10013229821