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Identifying News Shocks with Forecast Data

Hirose, Yasuo; Kurozumi, Takushi - 2012

Recent studies attempt to quantify the empirical importance of news shocks (ie., anticipated future shocks) in business cycle fluctuations. This paper identifies news shocks in a dynamic stochastic general equilibrium model estimated with not only actual data but also forecast data. The...

Persistent link: https://www.econbiz.de/10014173436

Cross-Sectional Heterogeneity and the Persistence of Aggregate Fluctuations

2004

aggregate persistence. The empirical evidence indicates that small firms grow faster than big ones. If this is true, a shock … that reallocates units across sizes will be absorbed, yet at very low decreasing rates. Once the shock hits the system …, firms are reallocated across sizes. If small firms grows faster than big ones, the shock will then be absorbed. However …

Persistent link: https://www.econbiz.de/10014189506

Long Run Risk and the Persistence of Consumption Shocks

Ortu, Fulvio - 2013

We propose a methodology based on multiresolution analysis to decompose a time series in components classifi ed by their level of persistence. Using this decomposition to detect the layers with diff erent degrees of persistence in consumption growth, we provide empirical evidence that some of...

Persistent link: https://www.econbiz.de/10013094118

Evolving UK Macroeconomic Dynamics : A Time-Varying Factor Augmented VAR

Mumtaz, Haroon - 2010

are estimated using output growth, inflation and a short-term interest rate. This paper extends these models by … and volatility of inflation and output but also suggest that these findings extend to money growth and asset prices. The …

Persistent link: https://www.econbiz.de/10013145342

Cyclical consumption

Berger, Tino; Pozzi, Lorenzo - 2023

Recessions and expansions are often caused or reinforced by developments in private consumption - the largest component of aggregate demand - which, as a result, varies over the business cycle. As such, an accurate measurement of the cyclical component of consumption and an understanding of its...

Persistent link: https://www.econbiz.de/10014380708

Global factors and trend inflation

Kamber, Güneş; Wong, Benjamin - In: Journal of international economics 122 (2020), pp. 1-14

Persistent link: https://www.econbiz.de/10012588201

Inference based on time-varying SVARs identified with time restrictions

Arias, Jonas E.; Rubio-Ramírez, Juan Francisco; Shin, … - 2024

latest inflation surge. …

Persistent link: https://www.econbiz.de/10014505805

The effects of shock in strikes on non-agriculture employment, output, and inflation in South Africa : a structural analysis of Bayesian VAR models

Ngundu, Marvellous; Mphinyana-Chauke, Shonisani; … - In: Cogent economics & finance 11 (2023) 2, pp. 1-10

This study empirically addresses claims about the effects of strikes on output growth, inflation, and non … 1982-2018. We find empirical support for a strikes shock's transitory negative impact on the country's output growth. In … any case, this was not contested. Our findings, however, contradict the claims that strikes ensue inflation and …

Persistent link: https://www.econbiz.de/10014503139

Inflation persistence and structural breaks : the experience of inflation targeting countries and the US

Canarella, Giorgio; Miller, Stephen M. - 2016

Persistent link: https://www.econbiz.de/10011547692

Inflation, inflation expectations and central bank communication in emerging markets

Sánchez-Fung, José R. - In: Macroeconomics and finance in emerging market economies 15 (2022) 3, pp. 215-230

Persistent link: https://www.econbiz.de/10013415762