Similar Search Results

Implications of macroeconomic volatility in the Euro area

Hauzenberger, Niko; Böck, Maximilian; Pfarrhofer, Michael - 2018

In this paper we estimate a Bayesian vector autoregressive model with factor stochastic volatility in the error term to assess the effects of an uncertainty shock in the Euro area. This allows us to treat macroeconomic uncertainty as a latent quantity during estimation. Only a limited number of...

Persistent link: https://www.econbiz.de/10011978764

Environmental Concern and the Business Cycle : The Chilling Effect of Recession

Kahn, Matthew E. - 2010

This paper uses three different sources of data to investigate the association between the business cycle--measured with unemployment rates--and environmental concern. Building on recent research that finds internet search terms to be useful predictors of health epidemics and economic activity,...

Persistent link: https://www.econbiz.de/10013139745

Has Surface Water Quality Improved Since the Clean Water Act?

Smith, V. Kerry - 2012

On the fortieth anniversary of the Clean Water Act this paper reports the first quantitative assessment of the aggregate trends in water quality in the U.S. using a single standard over the years 1975 to 2011. The analysis suggests that fresh water lakes for the nation as a whole are about at...

Persistent link: https://www.econbiz.de/10013104398

Pollution and Labor Market Search Externalities Over the Business Cycle

Gibson, John; Heutel, Garth - 2021

We study the relationship between unemployment, environmental policy, and business cycles. We develop a dynamic stochastic general equilibrium real business cycle model that includes both a pollution externality and congestion externalities from labor market search frictions, which generate...

Persistent link: https://www.econbiz.de/10013310016

Has economic policy uncertainty hampered the recovery?

Baker, Scott; Bloom, Nicholas; Davis, Steven J. - 2012

Persistent link: https://www.econbiz.de/10010434744

Uncertainty Business Cycles - Really?

Bachmann, Ruediger - 2011

Are fluctuations in firms' profitability risk a major cause of regular business cycles? We study this question within … such a model, surprise increases of risk lead to a wait-and-see policy for investment at the firm level and a decrease in … the size of firm-level risk fluctuations. We find that time-varying firm-level risk on its own is unlikely to be a major …

Persistent link: https://www.econbiz.de/10013128887

Do Mood Swings Drive Business Cycles and is it Rational?

Beaudry, Paul - 2011

This paper provides new evidence in support of the idea that bouts of optimism and pessimism drive much of US business cycles. In particular, we begin by using sign-restriction based identification schemes to isolate innovations in optimism or pessimism and we document the extent to which such...

Persistent link: https://www.econbiz.de/10013117561