Showing 1 - 10 of 1,372
This paper examines business cycles theoretically and empirically, with a quantitative study based on experience over the long run and in a cross section of countries. Several major questions in business cycle theory are explored. Theoretical concerns indicate that the properties of business...
Persistent link: https://www.econbiz.de/10012471707
growth. Although U.S. shocks are the dominant influence on aggregate employment growth in Canada, sectoral shocks account for …
Persistent link: https://www.econbiz.de/10012477261
between Canada and U.S. are essentially zero. Both findings are at odds with the data. A specification that assumes correlated …
Persistent link: https://www.econbiz.de/10012464100
We propose a simple method to help researchers develop quantitative models of economic fluctuations. The method rests on the insight that many models are equivalent to a prototype growth model with time-varying wedges which resemble productivity, labor and investment taxes, and government...
Persistent link: https://www.econbiz.de/10012468342
United States and Canada, 1870-1913. Both countries adhered to the international gold standard. This meant that the domestic … response to supply' shocks. For Canada the results are murkier. As in the U.S., the money supply shocks before 1896 are … shocks play a larger role in determining output behavior in Canada. The key conclusion of our analysis is that the simple …
Persistent link: https://www.econbiz.de/10012469182
open economy model for Canada that decomposes output fluctuations into sources identifiable with world and country …-specific disturbances. We find that the onset, depth and duration of output collapse in both Canada and the U.S. are primarily attributable …
Persistent link: https://www.econbiz.de/10012474427
of three identified shocks - surprise TFP, news of future TFP, and "sentiment" - from the US to Canada. The US sentiment … business cycle comovement between the US and Canada, accounting for up to 50% of the forecast error variance of Canadian GDP …
Persistent link: https://www.econbiz.de/10012457658
covering multiple large wars and depressions in the U.S. and Canada. Using an extension of Ramey's (2011) military news series … higher multipliers during periods of slack in Canada, with some multipliers above unity …
Persistent link: https://www.econbiz.de/10012459892
dynamics are documented here to be specific to the U.S. and Canada. In other developed economies residential investment is …
Persistent link: https://www.econbiz.de/10012460228
United Kingdom and Canada: both countries experienced similar slowdowns in the rate of growth of educational attainment …
Persistent link: https://www.econbiz.de/10012471112