We propose a model that generates an economic expansion in response to good news about future total factor productivity … recessions are caused not by contemporaneous negative shocks but rather by lackluster news about future TFP or investment …

standard neoclassical models cannot generate a simultaneous increase in consumption, investment, and hours in response to news …

price of oil that reaches its peak after 12 to 16 months, and that news about global growth predict much of the surge in the …

A model that includes a factor that captures news related to future Gross Domestic Product (GDP) growth along with the … Fama-French factors HML and SMB appear to contain mainly news related to future GDP growth. When news related to future GDP …

long run. The structural interpretation we suggest for this shock is that it represents news about future technological …

In this paper an ex-post forecasting experiment is performed on the basis of a version of the "news" model of exchange … rate determination. A general finding is that the "news" formulation of monetary exchange rate models leads to relatively … models were not properly tested in a "news" framework. …

the link between the news in consecutive data releases and the resulting forecast revisions for the target variable. We …

evaluated by computing 'news' on the basis of an evolving conditioning information set. The marginal contribution is then split …

news about future total factor productivity. We show that this problem is generally more severe in open economy versions of … news about future productivity and investment-specific technical change. We find that comovement is easier to generate in …