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This paper investigates the relative cyclical behavior of the pay of piece workers and hourly paid workers. It uses a unique data set of blue-collar workers in British engineering between 1926 and 1966. The statistics are obtained from the payrolls of firms belonging to the Engineering Employers...
Persistent link: https://www.econbiz.de/10009466007
that the neoclassical model generates only one of the twos. A positive shock to government employment, generated by wartime … rises in the interest rate have been interpreted as supporting a theoretical effect of a government goods purchases shock … increases in military employment, leads only to a fall in production. When I give the model the shocks corresponding to average …
Persistent link: https://www.econbiz.de/10009476545
Šiame darbe yra tiriamas finansų rinkų likvidumo poveikis verslo ciklams Baltijos regione. Kadangi kapitalo rinkų likvidumas yra pralenkiantis ekonomiką veiksnys išsivysčiusiuose regionuose, darbe yra siekiama nustatyti, ar Nasdaq OMX Baltic akcijų rinkų likvidumo rodikliai turi...
Persistent link: https://www.econbiz.de/10009478388
wider context - business cycle theory itself, as well as the predicting methods of turning points are theoretically …
Persistent link: https://www.econbiz.de/10009478770
is discussed the concept of business cycles, development of business cycle theory and described the relevant methods in …
Persistent link: https://www.econbiz.de/10009479151
There are several mechanisms that can account for short-run business cycle transmission. International trade is probably the major vehicle, and it forms a direct channel through which income and price shocks may be transmitted. Capital flows provide a second mechanism which is most likely to be...
Persistent link: https://www.econbiz.de/10009448683
University of Minnesota Ph.D. dissertation. July 2011. Major:Economics. Advisor: Patrick Kehoe. 1 computer file (PDF); ix, 119 pages, appendices A-B.
Persistent link: https://www.econbiz.de/10009462856
Durland and McCurdy [Durland, J.M., McCurdy, T.H., 1994. Duration-dependent transitions in a Markov model of US GNP growth. Journal of Business and Economic Statistics 12, 279?288] investigated the issue of duration dependence in US business cycle phases using a Markov regime-switching approach,...
Persistent link: https://www.econbiz.de/10009483399
It is often suggested that non-linear models are needed to capture business cycle features. In this paper, we subject this view to some critical analysis. We examine two types of non-linear models designed to capture the bounce-back effect in US expansions. This means that these non-linear...
Persistent link: https://www.econbiz.de/10009483488