Similar Search Results

Market sentiment, financial fragility, and economic activity : the role of corporate securities issuance

Dieckelmann, Daniel - 2021

Using new quarterly U.S. data for the past 120 years, I show that sudden reversals in equity and credit market sentiment approximated by several measures of corporate securities issuance are highly predictive of banking crises and recessions. Deviations in equity issuance from historical...

Persistent link: https://www.econbiz.de/10012431742

Essays on business cycle analysis and demography

Sarferaz, Samad - 2009

Persistent link: https://www.econbiz.de/10008811071

Stock Market Jumps and Uncertainty Shocks During the Great Depression

Mathy, Gabriel - 2014

Stock market volatility was extremely high during the Great Depression relative to any other period in American history …-Nielsen and Shephard (2004) test for jumps in financial time-series. These jumps coincided with periods when stock volatility was … high as the arrival of new information about the uncertain future drove both the record stock volatility and the record …

Persistent link: https://www.econbiz.de/10013057225

The new history of capitalism and the methodologies of economic history

Geloso, Vincent; Glock, Judge - In: Essays in economic & business history : the journal of … 39 (2021), pp. 206-221

The rise of the "New History of Capitalism" as a subfield of historical studies has magnified differences between economists and historians which started to grow during the 1970s. We describe what is and what is not new about the New History of Capitalism and explain how the different...

Persistent link: https://www.econbiz.de/10013267801

Monitoring multicountry macroeconomic risk

Korobilis, Dimitris; Schröder, Maximilian - 2023

We propose a multicountry quantile factor augmeneted vector autoregression (QFAVAR) to model heterogeneities both across countries and across characteristics of the distributions of macroeconomic time series. The presence of quantile factors allows for summarizing these two heterogeneities in a...

Persistent link: https://www.econbiz.de/10014314068

Monetary Regimes, Money Supply, and the US Business Cycle since 1959

Hollander, Hylton - 2019

The monetary authority's choice of operating procedure has significant implications for the role of monetary aggregates and interest rate policy on the business cycle. Using a dynamic general equilibrium model, we show that the type of endogenous monetary regime, together with the interaction...

Persistent link: https://www.econbiz.de/10012895445

A Monetary Explanation for the Recession of 1797

Curott, Nicholas Adam - 2011

This paper presents a monetary explanation the US recession of 1797. Credit expansion initiated by Bank of the United States in the early 1790s unleashed a bout of inflation and low real interest rates which spurred a speculative investment bubble in real estate and capital intensive...

Persistent link: https://www.econbiz.de/10013125857

Money, Sticky Wages, and the Great Depression

Bordo, Michael D.; Erceg, Christopher J.; Evans, Charles - 2000

This paper examines the ability of a simple stylized general equilibrium model that incorporates nominal wage rigidity to explain the magnitude and persistence of the Great Depression in the United States. The impulses to our analysis are money supply shocks. The Taylor contracts model is...

Persistent link: https://www.econbiz.de/10014154226

Measuring Economic Downside Risk and Severity : Growth at Risk

Yao, James Yudong; Wang, Yan - 2005

Using Growth at Risk as a measure of downside growth risk, the authors find that higher perceived levels of downside growth risk seem to be negatively associated with long-term growth. Output collapses and crises are a fact of life. Severe economic downturns occur periodically and have grave...

Persistent link: https://www.econbiz.de/10014124889

A Critique of the Austrian School Interpretation of the 1920-21 Depression

Kuehn, Daniel Peter - 2010

A series of recent reviews of the depression of 1920-21 by Austrian School and libertarian economists have argued that the downturn demonstrates the poverty of Keynesian policy recommendations. However, these writers misrepresent important characteristics of the 1920-21 downturn, understating...

Persistent link: https://www.econbiz.de/10013144724