Similar Search Results

Luo, Ding; Tong, Jincheng - 2022

Job search decisions of unemployed workers are forward-looking and respond to expected returns from the search process. When expected returns (or discount rates) are high, the discounted benefits from the search process are low. Thus unemployed workers search less intensively for jobs. We build...

Persistent link: https://www.econbiz.de/10014235643

Fiscal Policy Shocks and Stock Prices in the United States

Mumtaz, Haroon; Theodoridis, Konstantinos - 2021

This paper uses structural vector autoregressive models (SVARs) to show that the response of US stock prices to fiscal shocks changed in 1980. Over the period 1955-1979, an expansionary spending or revenue shock was associated with higher stock prices. After 1980, the response of stock prices to...

Persistent link: https://www.econbiz.de/10013220869

Assets bubbles, unemploymen, and financial market frictions

Hashimoto, Ken'ichi; Im, Ryonghun; Kunieda, Takuma; … - 2020

A tractable model with infinitely lived agents is constructed for the examination of bubbles and unemployment. It is … demonstrated that the presence of bubbles stimulates capital accumulation and reduces unemployment. The presence of bubbles also … changes the effects of government policies that target unemployment and welfare conditions in the labor market. The main …

Persistent link: https://www.econbiz.de/10012254416

Countercyclical Fluctuations in Uncertainty are Endogenous

Bernstein, Joshua; Plante, Michael; Richter, Alexander W.; … - 2021

This paper uses a battery of calibrated and estimated structural models to determine the causal drivers of the negative correlation between output and aggregate uncertainty. We find the transmission of uncertainty shocks to output is weak, while aggregate uncertainty endogenously responds to...

Persistent link: https://www.econbiz.de/10013219154

Asymmetric adjustment from structural booms and slumps

Siklos, Pierre L. - In: Economics letters 77 (2002) 3, pp. 329-333

Persistent link: https://www.econbiz.de/10001711495

Stock Volatility During the Recent Financial Crisis

Schwert, G. William - 2011

a link between stock volatility and real economic activity, such as unemployment rates, it can be misleading …

Persistent link: https://www.econbiz.de/10013126204

Stock Volatility During the Recent Financial Crisis

Schwert, G. William - 2011

a link between stock volatility and real economic activity, such as unemployment rates, it can be misleading …

Persistent link: https://www.econbiz.de/10012461682

Stock Volatility During the Recent Financial Crisis

Schwert, G. William - 2011

a link between stock volatility and real economic activity, such as unemployment rates, it can be misleading …

Persistent link: https://www.econbiz.de/10013126911

Arbitrage risk and the turnover anomaly

Chou, Pin-huang; Huang, Tsung-yu; Yang, Hung-jeh - In: Journal of banking & finance 37 (2013) 11, pp. 4172-4182

Persistent link: https://www.econbiz.de/10010245601

Turnover : liquidity or uncertainty?

Barinov, Alexander - In: Management science : journal of the Institute for … 60 (2014) 10, pp. 2478-2495

Persistent link: https://www.econbiz.de/10010461871

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