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Firm expectations and investment: Evidence from the China-Japan island dispute
Chen, Cheng; Senga, Tatsuro; Sun, Chang; Zhang, Hongyong - 2017
persistent decline in investment. Moreover, the territorial dispute has led to persistent pessimism in these firms' expectations … about future sales, which can explain 60% of the overall decline in investment. …
Persistent link: https://www.econbiz.de/10011928005
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Slowing growth: More than a rough patch
Kose, M. Ayhan; Ohnsorge, Franziska - 2023
Across the world, a structural growth slowdown is underway: at current trends, the global potential growth rate - the maximum rate at which an economy can grow without igniting inflation - is expected to fall to a three-decade low over the remainder of the 2020s. The slowdown could be even more...
Persistent link: https://www.econbiz.de/10014540975
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Identification using higher-order moments restrictions
Andrade, Philippe; Ferroni, Filippo; Melosi, Leonardo - 2023
We exploit inequality restrictions on higher-order moments of the distribution of structural shocks to sharpen their identification. We show that these constraints can be treated as necessary conditions and used to shrink the set of admissible rotations. We illustrate the usefulness of this...
Persistent link: https://www.econbiz.de/10014480420
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The transmission of external shocks to the Macedonian economic activity
Unevska Andonova, Danica; Petkovska, Marija - 2011
Macroeconomists have been concerned with the structure of business cycle fluctuations and their sources for a long time. In a highly integrated and globalized world, the study of co-movement, or integration, is important because the results of the study on emerging countries could help...
Persistent link: https://www.econbiz.de/10011785348
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Identification of Financial Factors in Economic Fluctuations
Furlanetto, Francesco; Ravazzolo, Francesco; Sarferaz, Samad - 2014
We estimate demand, supply, monetary, investment and financial shocks in a VAR identified with a minimum set of sign … restrictions on US data. We find that financial shocks are major drivers of fluctuations in output, stock prices and investment but …
Persistent link: https://www.econbiz.de/10012143847
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Labour Supply Factors and Economic Fluctuations
Foroni, Claudia; Furlanetto, Francesco; Lepetit, Antoine - 2015
We propose a new VAR identification scheme that enables us to disentangle labour supply shocks from wage bargaining …
Persistent link: https://www.econbiz.de/10012143863
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Immigration and the Macroeconomy: Some New Empirical Evidence
Furlanetto, Francesco; Robstad, Ørjan - 2016
We propose a new VAR identification scheme that enables us to disentangle immigration shocks from other macroeconomic …
Persistent link: https://www.econbiz.de/10012143896
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Time-varying investment dynamics in the USA
Mendieta-Muñoz, Ivan - 2024
We study the time-varying effects of Tobin's q and cash flow on investment dynamics in the USA using a vector … variation over time of the response of investment to shocks in both variables. The time-varying sensitivity of investment to a … show that, although Tobin's q and cash flow are complementary sources of information for investment decisions, their …
Persistent link: https://www.econbiz.de/10014581895
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Capital stock and unemployment: searching for the missing link
Perez-Soba Aguilar, Ines; Marquez de la Cruz, Elena; … - 2006
This paper examines the proposition that capital stock relative to aggregate output has been an important variable in the determination of the Non-Accelerating Inflation Rate of Unemployment (NAIRU) over the last four decades. The authors present new empirical evidence that lends strong support...
Persistent link: https://www.econbiz.de/10010266535
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First-time home buyers and residential investment volatility
Fisher, Jonas Daniel Maurice; Gervais, Martin - 2007
Like other macroeconomic variables, residential investment has become much less volatile since the mid-1980s (recent … it easier to acquire a home. We examine how these changes affect residential investment volatility in a life-cycle model …
Persistent link: https://www.econbiz.de/10010292099