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The vanishing procyclicality of labor productivity
Galí, Jordi; Rens, Thijs van - 2014
Persistent link: https://www.econbiz.de/10010367938
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Monopolistic competition, business cycles, and the composition of aggregate demand
Galí, Jordi - In: Journal of economic theory 63 (1994) 1, pp. 73-96
Persistent link: https://www.econbiz.de/10001167311
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Uncertainty shocks, asset supply and pricing over the business cycle
Bianchi, Francesco; Ilut, Cosmin; Schneider, Martin - 2017
Persistent link: https://www.econbiz.de/10011670028
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The role of automatic stabilizers in the US business cycle
McKay, Alisdair; Reis, Ricardo - 2013
Persistent link: https://www.econbiz.de/10009747876
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The Role of Automatic Stabilizers in the U.S. Business Cycle
McKay, Alisdair - 2013
Most countries have automatic rules in their tax-and-transfer systems that are partly intended to stabilize economic fluctuations. This paper measures how effective they are. We put forward a model that merges the standard incomplete-markets model of consumption and inequality with the new...
Persistent link: https://www.econbiz.de/10013082764
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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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Monetary/fiscal policy mix and agent's beliefs
Bianchi, Francesco; Ilut, Cosmin - 2013
Persistent link: https://www.econbiz.de/10010193274
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Pervasive stickiness (expanded version)
Mankiw, Nicholas Gregory; Reis, Ricardo - 2006
Persistent link: https://www.econbiz.de/10003310874
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Pervasive stickiness
Mankiw, Nicholas Gregory; Reis, Ricardo - In: The American economic review 96 (2006) 2, pp. 164-169
Persistent link: https://www.econbiz.de/10003338603
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Pervasive Stickiness (Expanded Version)
Mankiw, N. Gregory; Reis, Ricardo - 2021
This paper explores a macroeconomic model of the business cycle in which stickiness of information is pervasive. We … start from a familiar benchmark classical model and add to it the assumption that there is sticky information on the part of … stickiness is required to fit the facts. We conclude that models based on stickiness of information offer the promise of fitting …
Persistent link: https://www.econbiz.de/10013229008