Similar Search Results

Owyang, Michael T.; Vermann, E. Katarina - In: Economic Synopses (2013)

The relationship between unemployment and output growth changes during recoveries.

Persistent link: https://www.econbiz.de/10010727242

Okun’s law over the business cycle: was the great recession all that different?

Owyang, Michael T.; Sekhposyan, Tatevik - In: Review (2012) Sep, pp. 399-418

In 1962, Arthur Okun posited an empirical relationship between the change in the unemployment rate and real output growth. Since then, the media, policymakers, pundits, and intermediate macro students have used the so-called Okun’s law as a rule of thumb to relate changes in unemployment to...

Persistent link: https://www.econbiz.de/10010733934

Countercyclical policy and the speed of recovery after recessions

Francis, Neville; Jackson, Laura E.; Owyang, Michael T. - Federal Reserve Bank of St. Louis - 2013

The nature of the business cycle appears to have changed. Prior to the 1990s, recoveries from recessions were quick and … steep; after the past three recessions, however, recoveries were weak and prolonged. We consider the effect of a number of … countercyclical policies intended to shorten recessions and speed recoveries. Our innovation is to analyze the duration of the …

Persistent link: https://www.econbiz.de/10010744735

When do recessions begin and end?

Engemann, Kristie M.; Owyang, Michael T. - In: Economic Synopses (2010)

With the funds rate driven to levels far below its target, the FOMC had no recourse but to adjust the target accordingly.

Persistent link: https://www.econbiz.de/10008784300

Forecasting national recessions using state level data

Owyang, Michael T.; Piger, Jeremy M.; Wall, Howard J. - Federal Reserve Bank of St. Louis - 2012

aggregate economic activity variables, for forecasting U.S. business cycle phases (expansions and recessions.) In this paper, we …

Persistent link: https://www.econbiz.de/10010551334

The 2001 recession and the states of the Eighth Federal Reserve District

Owyang, Michael T.; Piger, Jeremy M.; Wall, Howard J. - In: Regional Economic Development (2005) Nov, pp. 3-16

Persistent link: https://www.econbiz.de/10005526343

The propagation of regional recessions

Hamilton, James D.; Owyang, Michael T. - Federal Reserve Bank of St. Louis - 2009

This paper develops a framework for inferring common Markov-switching components in a panel data set with large cross-section and time-series dimensions. We apply the framework to studying similarities and differences across U.S. states in the timing of business cycles. We hypothesize that there...

Persistent link: https://www.econbiz.de/10004973911

Barreling down the road to recession?

Engemann, Kristie M.; Owyang, Michael T. - In: National Economic Trends (2006) Sep

Persistent link: https://www.econbiz.de/10005428127

The 2001 recession and the states of the Eighth Federal Reserve District

Owyang, Michael T.; Piger, Jeremy M.; Wall, Howard J. - Federal Reserve Bank of St. Louis - 2005

the period surrounding the 1990-91 NBER recession, six of the seven states had recessions that were much shorter than for … Tennessee-entered and exited recession earlier than the country as a whole. Recessions in the other three states began earlier …

Persistent link: https://www.econbiz.de/10005490981