Narrow search
Showing 1 - 10 of 11,884
Cover Image
Wages, productivity, and work intensity in the great depression
Darby, Julia; Hart, Robert A. - 2002
' intensive margins. Short-run changes in work intensity and the longer-term goal of restoring full potential productivity …
Persistent link: https://www.econbiz.de/10011412413
Cover Image
Measuring Financial Cycles in a Model-Based Analysis : Empirical Evidence for the United States and the Euro Area
Galati, Gabriele - 2016
We adopt an unobserved components time series model to extract financial cycles for the United States and the five largest euro area countries over the period 1970 to 2014. We find that credit, the credit-to-GDP ratio and house prices have medium-term cycles which share a few common statistical...
Persistent link: https://www.econbiz.de/10012994016
Cover Image
Understanding the Sources of Macroeconomic Uncertainty
Rossi, Barbara - 2016
We propose a decomposition to distinguish between Knightian uncertainty (ambiguity) and risk, where the first measures the uncertainty about the probability distribution generating the data, while the second measures uncertainty about the odds of the outcomes when the probability distribution is...
Persistent link: https://www.econbiz.de/10012992154
Cover Image
Why is Productivity Procyclical? A Model of Total Factor Productivity and its Role in the Business Cycle
Gracia, Eduard - 2008
Total Factor Productivity (TFP) explains around a 70% of the business cycle fluctuations , yet its traditional …
Persistent link: https://www.econbiz.de/10012725347
Cover Image
Misallocation and the Credit Cycle : Evidence from Europe
Franco, Guido - 2018
Using a large firm level dataset, that covers 18 European countries in the 2006-2014 period, I develop an empirical approach in the spirit of Rajan and Zingales (1998) in order to study whether and to what extent the credit cycle influences the efficient allocation of resources across firms. I...
Persistent link: https://www.econbiz.de/10012925009
Cover Image
A Nonlinear Look at Trend Mfp Growth and the Business Cycle : Result from a Hybrid Kalman/Markov Switching Model
French, Mark W. - 2005
. Similarly, the trend in multifactor productivity (MFP) seems to pass through different regimes; there was an extended period of …. Estimation results are promising. The hybrid model and associated filter appear to be faster than the basic Kalman filter in …
Persistent link: https://www.econbiz.de/10014066234
Cover Image
Collateral, reallocation, and aggregate productivity : evidence from the U.S. housing boom
Dörr, Sebastian - 2018
This paper shows that rising real estate prices reduce industry productivity, because they lead to a reallocation of … labor towards inefficient firms. This has significant negative consequences for aggregate industry productivity. I find that … industries with stronger growth in real estate value see a significant reduction in total factor productivity growth. A 10 …
Persistent link: https://www.econbiz.de/10012220104
Cover Image
Phases of the Canadian Business Cycle
Bodman, Philip M.; Crosby, Mark - 2001
In this paper we contrast a number of univariate models of Canadian GDP. Our preferred models are used to provide a business cycle chronology for Canada, which is compared with some existing, more judgmentally determined chronologies. We find that a simple, 'two quarters of negative growth' rule...
Persistent link: https://www.econbiz.de/10014143571
Cover Image
Time series properties of the German monthly production index
Flaig, Gebhard - 2003
The production index is an important indicator for assessing the cyclical state of the economy. Unfortunately, the monthly time series is contaminated by many noisy components like seasonal variations, calendar and vacation effects. Only part of those nuisance components are explicitly...
Persistent link: https://www.econbiz.de/10011514105
Cover Image
Business fluctuations, job flows and trade unions : dynamics in the economy
Schirwitz, Beate - 2013
output dynamics in response to positive productivity shocks? Can we identify heterogeneous productivity shocks and the …
Persistent link: https://www.econbiz.de/10011697527