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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

US business cycle dynamics at the zero lower bound

Böhl, Gregor; Strobel, Felix - 2020

Using a nonlinear Bayesian likelihood approach that fully accounts for the lower bound on nominal interest rates, we analyze US post-crisis macroeconomic dynamics and provide reference parameter estimates. We find that despite the attention received in the literature, neither the inclusion of...

Persistent link: https://www.econbiz.de/10012406022

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

The importance of hiring frictions in business cycles

Faccini, Renato; Yashiv, Eran - 2022

Persistent link: https://www.econbiz.de/10014342096

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

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

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

The productivity-wage premium : does size still matter in a service economy?

Berlingieri, Giuseppe; Calligaris, Sara; Criscuolo, Chiara - 2018

Persistent link: https://www.econbiz.de/10011883879

Does employee happiness have an impact on productivity?

Bellet, Clément S.; De Neve, Jan-Emmanuel; Ward, George - 2020 - Revised

Persistent link: https://www.econbiz.de/10012180598

Trade liberalization, input intermediaries and firm productivity : evidence from China

Defever, Fabrice; Imbruno, Michele; Kneller, Richard - 2019

Persistent link: https://www.econbiz.de/10012180914