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The aggregate effects of long run sectoral reallocation
Reicher, Christopher Phillip - 2011
In this paper, I estimate a series of long run reallocative shocks to sectoral employment using a stochastic volatility model of sectoral employment growth for the United States from 1960 through 2011. Reallocative shocks (which primarily measure construction and technology busts) have little...
Persistent link: https://www.econbiz.de/10010277346
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Testing the waters of positive hysteresis : the effects of autonomous demand shocks on inflation, accumulation, and labor in the US economy
Di Domenico, Lorenzo; Gahn, Santiago José; Romaniello, … - 2024
Persistent link: https://www.econbiz.de/10014547037
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Multivariate filter estimation of potential output for the United States : an extension with labor market hysteresis
Alichi, Ali; Avetisyan, Hayk; Laxton, Douglas; … - 2019
) to incorporate labor market hysteresis. This extension captures the idea that long and deep recessions (expansions) cause … financial crisis, compared to estimates without hysteresis. The smaller output gaps partly explain the absence of persistent …, hysteresis is expected to result in a structural improvement in growth and employment …
Persistent link: https://www.econbiz.de/10012009370
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Will hysteresis effects afflict the US economy during the post-COVID-19 recovery?
Setterfield, Mark - In: Review of Keynesian economics 11 (2023) 4, pp. 507-528
Persistent link: https://www.econbiz.de/10014443079
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Why has the U.S. economy stagnated since the Great Recession?
Eo, Yunjong; Morley, James C. - 2020
Persistent link: https://www.econbiz.de/10012506422
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Driving forces of the Canadian economy: An accounting exercise
Cociuba, Simona E.; Ueberfeldt, Alexander - 2008
This paper analyses the Canadian economy for the post 1960 period. It uses an accounting procedure developed in Chari, Kehoe, and McGrattan (2006). The procedure identifies accounting factors that help align the predictions of the neoclassical growth model with macroeconomic variables observed...
Persistent link: https://www.econbiz.de/10010280047
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Multivariate Filter Estimation of Potential Output for the United States : An Extension with Labor Market Hysteresis
Alichi, Ali - 2019
) to incorporate labor market hysteresis. This extension captures the idea that long and deep recessions (expansions) cause … financial crisis, compared to estimates without hysteresis. The smaller output gaps partly explain the absence of persistent …, hysteresis is expected to result in a structural improvement in growth and employment …
Persistent link: https://www.econbiz.de/10012889155
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Estimating the shape of economic crises under heterogeneity
Dovern, Jonas; Jannsen, Nils - 2009
During the ongoing financial crisis the analysis of similar historical crises has gained more and more attention among economic researchers and forecasters. Existing studies, however, do not tackle the immense heterogeneity that is present in cross-country samples in a formal and consistent way....
Persistent link: https://www.econbiz.de/10010265233
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Appropriate fiscal policy over the business cycle: Proper stimulus policies can work
Graves, Philip E. - 2010
Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama stimulus package being a contentious recent example. Some pundits go so far as to take the position that macroeconomic theory has failed to meaningfully progress in terms of providing useful...
Persistent link: https://www.econbiz.de/10010270872
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Estimating the shape of economic crises under heterogeneity
Dovern, Jonas; Jannsen, Nils - 2009
During the ongoing financial crisis the analysis of similar historical crises has gained more and more attention among economic researchers and forecasters. Existing studies, however, do not tackle the immense heterogeneity that is present in cross-country samples in a formal and consistent way....
Persistent link: https://www.econbiz.de/10003832101