Narrow search
Showing 1 - 10 of 6,078
Cover Image
Sector specific news shocks in aggregate and sectoral fluctuations
Görtz, Christoph; Tsoukalas, John D. - 2013 - First version: March 2011, This version: May 2013
Using a two-sector estimated DSGE model with a financial channel we show the sector where TFP news arrives matters for … expansionary while those in the investment sector are broadly contractionary. Our results indicate a significant role of TFP news … shocks as a predictive force behind fluctuations. Consumption sector TFP news shocks generate both aggregate and sectoral co …
Persistent link: https://www.econbiz.de/10009753003
Cover Image
News shocks under financial frictions
Görtz, Christoph; Tsoukalas, John D.; Zanetti, Francesco - 2020
for the propagation of news shocks. A DSGE model enriched with a financial sector generates very similar quantitative …We examine the dynamic effects and empirical role of TFP news shocks in the context of frictions in financial markets …, VAR methods also establish a tight link between TFP news shocks and shocks that explain the majority of un …
Persistent link: https://www.econbiz.de/10012373126
Cover Image
An empirical analysis of business cycles in a New Keynesian model with inventories
Förster, Marcel - 2014 - This version: 13 February 2014
This paper introduces inventories in an otherwise standard dynamic stochastic general equilibrium model. Firms accumulate inventories to facilitate sales, but face a cost of doing so in terms of costly storage of intermediate goods. Based on U.S. data we estimate the parameters of our model...
Persistent link: https://www.econbiz.de/10010243418
Cover Image
The Great Moderation : inventories, shocks or monetary policy?
Förster, Marcel - 2013
This paper presents a New Keynesian DSGE model with inventory holding firms. The model distinguishes between goods and …
Persistent link: https://www.econbiz.de/10010208560
Cover Image
News and financial intermediation in aggregate and sectoral fluctuations
Görtz, Christoph; Tsoukalas, John D. - 2012
Persistent link: https://www.econbiz.de/10009660610
Cover Image
Families in macroeconomics
Doepke, Matthias; Tertilt, Michele - 2016
Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision-making in families) is...
Persistent link: https://www.econbiz.de/10011454407
Cover Image
News about aggregate demand and the business cycle : conference paper
Guo, Jang-ting; Sirbu, Anca-Ioana; Weder, Mark - 2014
by news shocks to two formulations of future consumption demand or government spending on goods and services. In sharp …
Persistent link: https://www.econbiz.de/10010480670
Cover Image
Asymmetries in risk premia, macroeconomic uncertainty and business cycles
Görtz, Christoph; Yeromonahos, Mallory - 2019
A large literature suggests that the expected equity risk premium is countercyclical. Using a variety of different measures for this risk premium, we document that it also exhibits growth asymmetry, i.e. the risk premium rises sharply in recessions and declines much more gradually during the...
Persistent link: https://www.econbiz.de/10012129784
Cover Image
Is there news in inventories?
Görtz, Christoph; Gunn, Christopher M.; Lubik, Thomas A. - 2020
We identify total factor productivity (TFP) news shocks using standard VAR methodology and document a new stylized fact …: in response to news about future increases in TFP, inventories rise and comove positively with other major macroeconomic … aggregates. We show that the standard theoretical model used to capture the effects of news shocks cannot replicate this fact …
Persistent link: https://www.econbiz.de/10012213178
Cover Image
Chapter 23. Families in Macroeconomics
Doepke, M.; Tertilt, M. - In: Handbook of macroeconomics : volume 2, v. 2A-2B SET, (pp. 1789-1891). 2016
Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision making in families) is...
Persistent link: https://www.econbiz.de/10014024274