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Inflation and real activity over the business cycle

Bianchi, Francesco; Nicolò, Giovanni; Song, Dongho - 2023

Persistent link: https://www.econbiz.de/10014384491

Estimating Nonlinear Dynamic Equilibrium Economies : A Likelihood Approach

Fernández-Villaverde, Jesús; Rubio-Ramirez, Juan Francisco - 2004

methods. This likelihood can be used for parameter estimation and for model comparison. The algorithm can deal both with … a likelihood approach was limited to the estimation of linear models with Gaussian innovations. We apply our procedure …

Persistent link: https://www.econbiz.de/10014073894

Estimating Nonlinear Dynamic Equilibrium Economies : A Likelihood Approach

Fernández-Villaverde, Jesús; Rubio-Ramirez, Juan Francisco - 2014

simulation methods. This likelihood can be used for parameter estimation and for model comparison. The algorithm can deal both … that wanted to follow a likelihood approach was limited to the estimation of linear models with Gaussian innovations. The …

Persistent link: https://www.econbiz.de/10014048588

Real earnings and business cycles : new evidence

Hart, Robert A.; Malley, James R.; Woitek, Ulrich - In: Empirical economics : a journal of the Institute for … 37 (2009) 1, pp. 51-71

Persistent link: https://www.econbiz.de/10003868505

Inflation and Real Activity over the Business Cycle

Bianchi, Francesco; Nicolò, Giovanni; Song, Dongho - National Bureau of Economic Research - 2023

We study the relation between inflation and real activity over the business cycle. We employ a Trend-Cycle VAR model to control for low-frequency movements in inflation, unemployment, and growth that are pervasive in the post-WWII period. We show that cyclical fluctuations of inflation are...

Persistent link: https://www.econbiz.de/10014247995