Narrow search
Showing 1 - 10 of 160
Cover Image
Why have business cycle fluctuations become less volatile?
Arias, Andres F.; Hansen, Gary D.; Ohanian, Lee E. - In: Economic theory : official journal of the Society for … 32 (2007) 1, pp. 43-58
Persistent link: https://www.econbiz.de/10003461628
Cover Image
The impact of cartelization, money, and productivity shocks on the international Great Depression
Cole, Harold L.; Ohanian, Lee E. - 2013
Persistent link: https://www.econbiz.de/10009726321
Cover Image
Why have business cycle fluctuations become less volatile?
Arias, Andres F.; Hansen, Gary D.; Ohanian, Lee E. - 2006
Persistent link: https://www.econbiz.de/10003297145
Cover Image
The Impact of Cartelization, Money, and Productivity Shocks on the International Great Depression
Cole, Harold L. - 2013
, and productivity shocks on macroeconomic activity during the Great Depression. To construct a parsimonious and common … wedge. We estimate a monetary DSGE model with cartel wedges along with productivity and monetary shocks. Our main finding is …
Persistent link: https://www.econbiz.de/10013086305
Cover Image
Why Have Business Cycle Fluctuations Become Less Volatile?
Arias, Andres - 2006
volatility requires a change in the volatility of a productivity-like shock operating within a standard growth model …This paper shows that a standard Real Business Cycle model driven by productivity shocks can successfully account for …. The model is successful because the volatility of productivity shocks has also declined significantly over the same time …
Persistent link: https://www.econbiz.de/10012466590
Cover Image
The Impact of Cartelization, Money, and Productivity Shocks on the International Great Depression
Cole, Harold L. - 2013
, and productivity shocks on macroeconomic activity during the Great Depression. To construct a parsimonious and common … wedge. We estimate a monetary DSGE model with cartel wedges along with productivity and monetary shocks. Our main finding is …
Persistent link: https://www.econbiz.de/10012459839
Cover Image
Why Have Business Cycle Fluctuations Become Less Volatile?
Hansen, Gary D.; Arias, Andres F.; Ohanian, Lee E. - 2022
volatility requires a change in the volatility of a productivity-like shock operating within a standard growth model …This paper shows that a standard Real Business Cycle model driven by productivity shocks can successfully account for …. The model is successful because the volatility of productivity shocks has also declined significantly over the same time …
Persistent link: https://www.econbiz.de/10014059408
Cover Image
The Safety Trap
Caballero, Ricardo J. - 2016
In this paper we provide a model of the macroeconomic implications of safe asset shortages. In particular, we discuss the emergence of a deflationary safety trap equilibrium with high risk premia. It is an acute form of a liquidity trap, in which the shortage of a specific form of assets, safe...
Persistent link: https://www.econbiz.de/10013006687
Cover Image
The Safety Trap
Caballero, Ricardo J. - 2014
In this paper we provide a model of the macroeconomic implications of safe asset shortages. In particular, we discuss the emergence of a deflationary safety trap equilibrium with endogenous risk premia. It is an acute form of a liquidity trap, in which the shortage of a specific form of assets,...
Persistent link: https://www.econbiz.de/10013058249
Cover Image
The Safety Trap
Caballero, Ricardo J. - 2014
In this paper we provide a model of the macroeconomic implications of safe asset shortages. In particular, we discuss the emergence of a deflationary safety trap equilibrium with endogenous risk premia. It is an acute form of a liquidity trap, in which the shortage of a specific form of assets,...
Persistent link: https://www.econbiz.de/10012458738