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Asset Prices and Unemployment Fluctuations
Kehoe, Patrick J. - 2019
Recent critiques have demonstrated that existing attempts to account for the unemployment volatility puzzle of search … reproduces the observed fluctuations in unemployment because hiring a worker is a risky investment with long-duration surplus … benefit from creating new matches greatly drops, leading to a large decline in job vacancies and an increase in unemployment …
Persistent link: https://www.econbiz.de/10012857716
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Asset Prices and Unemployment Fluctuations
Kehoe, Patrick J. - 2019
Recent critiques have demonstrated that existing attempts to account for the unemployment volatility puzzle of search … reproduces the observed fluctuations in unemployment because hiring a worker is a risky investment with long-duration surplus … benefit from creating new matches greatly drops, leading to a large decline in job vacancies and an increase in unemployment …
Persistent link: https://www.econbiz.de/10012480524
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Stock market dispersion, sectoral shocks, and the German business cycle
Döpke, Jörg; Pierdzioch, Christian - In: Swiss journal of economics and statistics 136 (2000) 4, pp. 531-555
Persistent link: https://www.econbiz.de/10001554649
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Sectoral Shocks and Asset Prices
Ruge-Murcia, Francisco J. - 2021
This paper examines the asset pricing implications of sector-specific shocks in a multi-sector economy where heterogeneous firms interact in the markets for material inputs, investment goods, and final goods. The model is solved using a third-order perturbation and is estimated by the simulated...
Persistent link: https://www.econbiz.de/10013219504
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Do Shocks to G7 Stock Prices Have a Permanent Effect? : Evidence from Panel Unit Root Tests with Structural Change
Narayan, Paresh Kumar - 2012
There is a plethora of studies that investigate evidence for the behaviour of stock prices using univariate techniques for unit roots. Whether or not stock prices are characterised by a unit root have implications for the efficient market hypothesis, which asserts that returns of a stock market...
Persistent link: https://www.econbiz.de/10013105454
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Stock market dispersion, sectoral shocks, and the German business cycle
Döpke, Jörg - 2000
Persistent link: https://www.econbiz.de/10013261073
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Stock market dispersion, sectoral shocks, and the German business cycle
Döpke, Jörg; Pierdzioch, Christian - 2000
This paper elaborates on the relative importance of sectoral shocks for real economic activity in Germany. Implications of multisectoral real business cycle models are examined by resorting to testing techniques based on stock market returns. The empirical evidence is obtained by calculating...
Persistent link: https://www.econbiz.de/10011476130
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Sectoral Shocks and Asset Prices
Ruge-Murcia, Francisco J. - 2023
This paper examines the asset pricing implications of sector-specific shocks in a multi-sector economy where heterogeneous firms interact in the markets for material inputs, investment goods, and final goods. The model is solved using a third-order perturbation and is estimated by the simulated...
Persistent link: https://www.econbiz.de/10014348516
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Stock market dispersion and unemployment
Loungani, Prakash - In: Journal of monetary economics 25 (1990) 3, pp. 367-388
Persistent link: https://www.econbiz.de/10001091723
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Structural change test in duration of bull and bear markets
Nicolau, João - In: Economics letters 146 (2016), pp. 64-67
Persistent link: https://www.econbiz.de/10011619060