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On adjusting the one-sided Hodrick-Prescott filter
Wolf, Elias; Mokinski, Frieder; Schüler, Yves - 2020
We show that one should not use the one-sided Hodrick-Prescott filter (HP-1s) as the real-time version of the two-sided Hodrick-Prescott filter (HP-2s): First, in terms of the extracted cyclical component, HP-1s fails to remove low-frequency fluctuations to the same extent as HP-2s. Second,...
Persistent link: https://www.econbiz.de/10012180612
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The quantitative importance of technology and demand shocks for unemployment fluctuations in a shopping economy
Borys, Pawel; Doligalski, Pawel; Kopiec, Pawel - 2021
Persistent link: https://www.econbiz.de/10012821407
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Time-varying stock return correlation, news shocks, and business cycles
Metiu, Norbert; Prieto, Esteban - 2023 - November 25, 2022
productivity. Thus, market-wide changes in return correlation contain information about changes in future technological …
Persistent link: https://www.econbiz.de/10014227600
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The importance of hiring frictions in business cycles
Faccini, Renato; Yashiv, Eran - 2022
Persistent link: https://www.econbiz.de/10014342096
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The synchronization of European credit cycles
Meller, Barbara; Metiu, Norbert - 2015
We study the synchronization of credit booms and busts among 12 major European economies and the United States between 1972-2011. We propose a regression-based procedure to test whether boom-bust phases of credit cycles coincide across countries and to cluster countries with positively...
Persistent link: https://www.econbiz.de/10011299045
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Growth expectations, undue optimism, and short-run fluctuations
Enders, Zeno; Kleemann, Michael; Müller, Gernot J. - 2017
pessimism) pertains to total factor productivity which determines economic activity in the long run. Optimism shocks are … perceived changes in productivity which do not actually materialize. We develop a new strategy to identify optimism shocks in a …
Persistent link: https://www.econbiz.de/10011649164
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Markups, intangible capital and heterogeneous financial frictions
Altomonte, Carlo; Favoino, Domenico; Morlacco, Monica; … - 2021
Persistent link: https://www.econbiz.de/10012487189
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The Brexit vote, productivity growth and macroeconomic adjustments in the United Kingdom
Broadbent, Ben; Di Pace, Federico; Drechsel, Thomas; … - 2019
conceptualised as news about a future slowdown in productivity growth in the tradable sector. Simulations show that the responses of …' for tradable producers before the slowdown in tradable sector productivity associated with Brexit occurs. Resources are … the productivity decline in the tradable sector materialises. The negative news about tradable sector productivity also …
Persistent link: https://www.econbiz.de/10012055479
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Trade liberalization, input intermediaries and firm productivity : evidence from China
Defever, Fabrice; Imbruno, Michele; Kneller, Richard - 2019
Persistent link: https://www.econbiz.de/10012180914
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Top of the class : the importance of ordinal rank
Murphy, Richard; Weinhardt, Felix - 2019 - This version: June 2019
This paper establishes a new fact about educational production: ordinal academic rank during primary school has lasting impacts on secondary school achievement that are independent of underlying ability. Using data on the universe of English school students, we exploit naturally occurring...
Persistent link: https://www.econbiz.de/10012118593