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A Markov-switching vector equilibrium correction model of the UK labour market
Marcellino, Massimiliano; Mizon, Grayham E.; Krolzig, … - In: Empirical Economics 27 (2002) 2, pp. 233-254
There is a wide literature on the dynamic adjustment of employment and its relationship with the business cycle. In … the phase of the business cycle. Output, employment, labour supply and real earnings are found to have a common cyclical …-switching vector-equilibrium-correction model with three regimes (representing recession, normal growth, and high growth) provides a …
Persistent link: https://www.econbiz.de/10005758339
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Does the impact of plant closure on labour market attachment differ between immigrants and native workers across the business cycle?
Hardoy, Inés; Schøne, Pål - In: Empirical Economics 46 (2014) 1, pp. 229-252
uses a rich employer–employee dataset. Results show that experiencing a plant closure in a recession has more severe …, the long-term effects of plant closure are very small for both immigrants and natives, while in a recession, effects are …
Persistent link: https://www.econbiz.de/10010994384
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The ‘trendiness’ of sleep: an empirical investigation into the cyclical nature of sleep time
Brochu, Pierre; Armstrong, Catherine; Morin, Louis-Philippe - In: Empirical Economics 43 (2012) 2, pp. 891-913
results suggest that in a recession Canadians sleep an average of 3 h more per week, or 26 min more per day. Given the …
Persistent link: https://www.econbiz.de/10010994425
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The duration of business cycle expansions and contractions: are there change-points in duration dependence?
Castro, Vitor - In: Empirical Economics 44 (2013) 2, pp. 511-544
The business cycles literature shows that the likelihood of an expansion or contraction ending increases with its age, i.e. they exhibit positive duration dependence. This evidence rests on the assumption that the magnitude of duration dependence is the same over time. However, we assume that...
Persistent link: https://www.econbiz.de/10010994444
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Real-time forecasting US GDP from small-scale factor models
Camacho, Maximo; Martinez-Martin, Jaime - In: Empirical Economics 47 (2014) 1, pp. 347-364
We show that the single-index dynamic factor model developed by Aruoba and Diebold (Am Econ Rev, 100:20–24, <CitationRef CitationID="CR2">2010</CitationRef>) to construct an index of the US business cycle conditions is also very useful to forecast US GDP growth in real time. In addition, we adapt the model to include survey data and...</citationref>
Persistent link: https://www.econbiz.de/10010994458
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Dynamic employment adjustments over business cycles
Liu, Tung; Spector, Lee C. - In: Empirical Economics 30 (2005) 1, pp. 151-169
This paper uses U.S. monthly industrial production employment data between 1964 and 2000 to examine the dynamic labor …
Persistent link: https://www.econbiz.de/10005382175
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Common serial correlation and common business cycles: A cautious note
Cubadda, Gianluca - In: Empirical Economics 24 (1999) 3, pp. 529-535
This paper examines the frequency-domain implications of the serial correlation common feature in order to evaluate its merits as an indicator of common business cycles among economic variables. It is shown that the presence of the serial correlation common feature in the first differences of a...
Persistent link: https://www.econbiz.de/10005382237
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Consumption, wealth and business cycles in Germany
Hamburg, Britta; Hoffmann, Mathias; Keller, Joachim - In: Empirical Economics 34 (2008) 3, pp. 451-476
Persistent link: https://www.econbiz.de/10005382344
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Fractional integration and business cycle features
Candelon, Bertrand; Gil-Alana, Luis A. - In: Empirical Economics 29 (2004) 2, pp. 343-359
We show in this article that fractionally integrated univariate models for GDP lead to a better replication of the main business cycle characteristics. We firstly show that the business cycle features are clearly affected by the degree of integration as well as by the other short run (AR, MA,...
Persistent link: https://www.econbiz.de/10005382347
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Unemployment durations and the pattern of duration dependence over the business cycle of British males
Kalwij, Adriaan - In: Empirical Economics 38 (2010) 2, pp. 429-456
Persistent link: https://www.econbiz.de/10008594160