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Media reporting and business cycles : empirical evidence based on news data

Lamla, Michael; Lein-Rupprecht, Sarah M.; Sturm, Jan-Egbert - 2019

Recent literature suggests that news shocks could be an important driver of economic cycles. In this article, we use a … direct measure of news sentiment derived from media reports. This allows us to examine whether innovations in the reporting … manufacturing sector. We find that innovations in news reporting affect business expectations, even when conditioning on the current …

Persistent link: https://www.econbiz.de/10012007420

Can news about the future drive the business cycle?

Jaimovich, Nir; Rebelo, Sérgio - In: The American economic review 99 (2009) 4, pp. 1097-1118

Persistent link: https://www.econbiz.de/10003896617

What drives endogenous growth in the United States?

Wesselbaum, Dennis - 2010

This paper estimates whether learning-by-doing effects or cleansing effects of recessions drive the endogenous component of productivity in the United States. Using Bayesian estimation techniques we find that external and internal learning-by-doing effects dominate. We find no evidence for...

Persistent link: https://www.econbiz.de/10003981872

Cointegrated Sectoral Productivities and Investment-Specific Technology in U.S. Business Cycles

Park, Wooyoung - 2012

Applying Johansen cointegration test to U.S. annual data constructed from the EU KLEMS database, the paper documents that the productivities of consumption-goods and equipment-goods sector are cointegrated. It confirms further, using the non-linear cointegration test framework developed by...

Persistent link: https://www.econbiz.de/10013098148

Trend Shocks and the Countercyclical U.S. Current Account

Amdur, David - 2012

From 1960-2009, the U.S. current account balance has tended to decline during expansions and improve in recessions. We argue that trend shocks to productivity can help explain the countercyclical U.S. current account. Our framework is a two-country, two-good real business cycle (RBC) model in...

Persistent link: https://www.econbiz.de/10013103623

The Adversity/Hysteresis Effect : Depression Era Productivity Growth in the U.S. Railroad Sector

Field, Alexander J. - 2018

Is there a silver lining to Depression? This paper examines one instance where economic downturn appears to have given a permanent boost to productivity: the U.S. railroad industry during the Depression

Persistent link: https://www.econbiz.de/10012921432

A simple decomposition of the variance of output growth across countries

Reicher, Christopher Phillip - 2011

This paper outlines a simple regression-based method to decompose the variance of an aggregate time series into the variance of its components, which is then applied to measure the relative contributions of productivity, hours per worker, and employment to cyclical output growth across a panel...

Persistent link: https://www.econbiz.de/10009127619

The role of news about TFP in U.S. recessions and booms

Faccini, Renato; Melosi, Leonardo - 2018

We develop a general equilibrium model to study the historical contribution of TFP news to the U.S. business cycle … plausibly calibrated hiring costs, employment gradually rises in response to positive TFP news shocks even under standard … preferences. TFP news shocks are identified mainly by current and expected unemployment rates since periods in which average …

Persistent link: https://www.econbiz.de/10011822212

Financial Shocks or Productivity Slowdown : Contrasting the Great Recession and Recovery in the United States and United Kingdom

Larkin, Kieran - 2023

This article contrasts the experiences of the United States and United Kingdom during and after the Great Recession to understand the role of financial shocks in the magnitude of the crises and length of the recoveries. It starts from the common consensus that the Great Recession first and...

Persistent link: https://www.econbiz.de/10014263358

Wie wirken die automatischen Stabilisatoren in der Wirtschaftskrise? : Deutschland im Vergleich mit der EU und den USA

Dolls, Mathias; Fuest, Clemens; Peichl, Andreas - 2009

südeuropäischen Ländern bedeutend geringer als in Mittel- und Nordeuropa. Deutschland liegt bei der Einkommensstabilisierung in beiden … Kreditbeschränkungen in wohlhabenden Ländern wie Deutschland keine so große Rolle spielen. …

Persistent link: https://www.econbiz.de/10003879733

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