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Macroeconomics, nonlinearities, and the business cycle
Reif, Magnus - 2019
Im Zentrum dieser Dissertation steht das Beschreiben und Erklären von Konjunkturdynamiken. Motiviert durch den außerordentlich starken wirtschaftlichen Einbruch in 2008/2009 betont die Arbeit dabei die Wichtigkeit der Nutzung von nichtlinearen Modellansätzen. Die Dissertation kann als Beitrag...
Persistent link: https://www.econbiz.de/10012154125
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Understanding persistent stagnation
Cuba-Borday, Pablo; Singhz, Sanjay R. - 2019 - This version: February 2019
We theoretically explore long-run stagnation at the zero lower bound in a representative agent framework. We analytically compare expectations-driven stagnation to a secular stagnation episode and find contrasting policy implications for changes in government spending, supply shocks and...
Persistent link: https://www.econbiz.de/10012101362
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Understanding persistent stagnation
Cuba-Borda, Pablo; Singh, Sanjay R. - 2019 - This version: February 2019
We theoretically explore long-run stagnation at the zero lower bound in a representative agent framework. We analytically compare expectations-driven stagnation to a secular stagnation episode and find contrasting policy implications for changes in government spending, supply shocks and...
Persistent link: https://www.econbiz.de/10012004630
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Virtually everywhere? : digitalisation and the euro area and EU economies : degree, effects, and key issues
Anderton, Bob; Jarvis, Valerie; Labhard, Vincent; … - 2020
Digitalisation can be viewed as a major supply/technology shock affecting macroeconomic aggregates that are important … productivity and lowers prices, similarly to other supply/technology shocks; (iv) this has implications for monetary policy and its …
Persistent link: https://www.econbiz.de/10012254362
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Economic Growth and Business Cycles : The Labor Supply Decision with Two Types of Technological Progress
Graves, Philip E. - 2011
An informal model is described that leads to multiple macroeconomic equilibria as a consequence of random variation in the relative amounts of technological change for new and existing goods. The novel observation is that the rate of introduction and market penetration of new goods vis-a-vis...
Persistent link: https://www.econbiz.de/10012756204
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EMU and the adjustment to asymmetric shocks : the case of Italy
Amisano, Gianni; Giammarioli, Nicola; Stracca, Livio - 2009
In this paper we address the question on whether EMU has amplified or dampened intra euro area divergencies, by looking at a time-varying VAR model of Italy's relative performance compared with the rest of the euro area, spanning from 1976 to 2009. Our main result is that EMU does not appear to...
Persistent link: https://www.econbiz.de/10003969277
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Can debt monetisation be helpful for Chinaís post-Covid recovery? : some empirical evidence
Cao, Ziyi; Ou, Zhirong - 2021 - First draft: October 2020
A measure of the degree of debt monetisation is constructed for its impact on the business cycle to be studied in a standard VAR model. Debt monetisation is hardly expansionary, as it raises public demand that crowds out almost as much demand from the private sector. However, it generates...
Persistent link: https://www.econbiz.de/10012483860
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The Asymmetric Effects of Oil Shocks on Output Growth : A Markov-Switching Analysis for the G-7 Countries
Manera, Matteo - 2014
business cycle features for each country. Third, the introduction of different oil shock specifications is never rejected …. Fourth, positive oil price changes, net oil price increases and oil price volatility are the oil shock definitions which …
Persistent link: https://www.econbiz.de/10012709869
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Oil Price Fluctuations and it Impact on Economic Growth : A DSGE Approach
Bondzie, Eric - 2016
policy shocks (money supply-interest rate induced) on economic growth in Ghana. We realized that, a shock on interest rate … paradoxical effect of a negative interest rate on total money supply. We also showed that a positive output shock has the same … effect on consumption, investment, prices and wages as in the case of interest rate shock …
Persistent link: https://www.econbiz.de/10012999305
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Eye of the Storm : The Impact of Climate Shocks on Inflation and Growth
Cevik, Serhan; Jalles, João Tovar - 2023
space when the shock hits …
Persistent link: https://www.econbiz.de/10014354589