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Container trade and the U.S. recovery
Kilian, Lutz; Nomikos, Nikos K.; Zhou, Xiaoqing - 2021
detrended data for personal consumption expenditures and manufacturing output suggest that the U.S. economy has recovered to … near 90% of pre-pandemic levels as of March 2021, our structural VAR model shows that the component of manufacturing output …
Persistent link: https://www.econbiz.de/10012550202
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Great moderation at the firm level? : unconditional vs. conditional Output volatility
Buch, Claudia M. (contributor); Döpke, Jörg (contributor);  … - 2008
Aggregated output in industrialized countries has become less volatile over the past decades. Whether this Great Moderationʺ can be found in firm level data as well remains disputed. We study the evolution of firm level output volatility using a balanced panel dataset on German firms that...
Persistent link: https://www.econbiz.de/10003720335
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Output effects of inflation with fixed price- and quantity-adjustment costs
Danziger, Leif (contributor) - 2005
With fixed costs of price and quantity adjustment, output effects of inflation depend on the elasticity of the firm's marginal real revenue. If the elasticity always exceeds minus unity, then output decreases with inflation, while if the elasticity is always less than minus unity, then output...
Persistent link: https://www.econbiz.de/10003121028
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What drives aggregate investment?
Bachmann, Ruediger; Zorn, Peter - 2013 - This Version: April 13, 2013
Using firm-level survey data for the West German manufacturing sector, this paper revisits the technology …-driven business cycle hypothesis for the case of aggregate investment. We construct a survey-based measure of technology shocks to … gauge their contribution to short-run investment fluctuations. We estimate an upper bound for the contribution of technology …
Persistent link: https://www.econbiz.de/10009736762
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Sectoral trends and cycles in Germany
Cheung, Yin-Wong; Westermann, Frank - 2001
We examine the comovements between the output indexes of three German sectors (manufacturing, mining, and agriculture …
Persistent link: https://www.econbiz.de/10011398919
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Variable selection and inference for multi-period forecasting problems
Pesaran, M. Hashem; Pick, Andreas; Timmermann, Allan - 2009
This paper conducts a broad-based comparison of iterated and direct multi-step forecasting approaches applied to both univariate and multivariate models. Theoretical results and Monte Carlo simulations suggest that iterated forecasts dominate direct forecasts when estimation error is a...
Persistent link: https://www.econbiz.de/10003807908
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Consumption risk sharing over the business cycle : the role of small firms' access to credit markets
Hoffmann, Mathias; Stewen, Iryna - 2009
Consumption risk sharing among U.S. federal states increases in booms and decreases in recessions. We find that small firms' access to credit markets plays an important role in explaining this stylized fact: business cycle fluctuations in aggregate risk sharing are more pronounced in states in...
Persistent link: https://www.econbiz.de/10003807913
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Out of sight, out of mind? : the impact of natural disasters on pregnancy outcomes
Simeonova, Emilia - 2009
The impact of global climate change on health is not well understood. Besides the direct channel of increasing temperatures, there is a potentially more harmful one: through an increase in extreme weather incidents. We offer the first evidence on the effect of natural disasters on pregnancy...
Persistent link: https://www.econbiz.de/10003888100
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The relationship between stature and insolation : evidence from soldiers and prisoners
Carson, Scott Alan - 2009
Nineteenth century white US statures varied with nutrition, disease exposure, and the physical environment. An additional explanation for stature growth is vitamin D production. Vitamin D is produced internally by the synthesis of cholesterol and sunlight in the epidermis. However, studies that...
Persistent link: https://www.econbiz.de/10003898840
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Do taboo trade-offs explain the difficulty in valuing health and social interventions?
Shiell, Alan; Sperber, Daniel; Porat, Carly - In: The journal of socio-economics 38 (2009) 6, pp. 935-939
Persistent link: https://www.econbiz.de/10003936949