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Accounting for the role of investment frictions in recessions
Río Iglesias, Fernando del; Lores, Francisco-Xavier - In: Economica 90 (2023) 360, pp. 1089-1118
Persistent link: https://www.econbiz.de/10014381151
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Comparing Shocks and Frictions in US and Euro Area Business Cycles : A Bayesian DSGE Approach
Smets, Frank - 2010
This paper estimates a DSGE model with many types of shocks and frictions for both the US and the euro area economy over a common sample period (1974-2002). The structural estimation methodology allows us to investigate whether differences in business cycle behaviour are due to differences in...
Persistent link: https://www.econbiz.de/10013137108
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Comparing shocks and frictions in US and Euro Area Business Cycles : a Bayesian DSGE approach
Smets, Frank; Wouters, Rafael - 2004
Persistent link: https://www.econbiz.de/10002340881
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Financial Aspects of Business Cycles : An Analysis of Balance Sheet Adjustment of U.S. Financial Enterprises over the Twentieth Century
Krainer, Robert - 2011
-front contract develops an assignment rule for managing the firm's balance sheet whereby managers make investment decisions that … from the investment decisions. This contract induced assignment rule resolves the conflict of interest problem between …
Persistent link: https://www.econbiz.de/10013122600
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Comparing shocks and frictions in US and euro area business cycles : a Bayesian DSGE approach
Smets, Frank; Wouters, Rafael - 2004
This paper estimates a DSGE model with many types of shocks and frictions for both the US and the euro area economy over a common sample period (1974-2002). The structural estimation methodology allows us to investigate whether differences in business cycle behaviour are due to differences in...
Persistent link: https://www.econbiz.de/10011625697
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Analysis of Nine U.S. Recessions and Three Expansions
Fair, Ray C. - 2020
Nine U.S. recessions and three expansions are analyzed in this paper using a structural macroeconometric model. With two exceptions and one partial exception, the episodes are predicted well by the model, including the 2008-2009 recession, conditional on the actual values of the exogenous...
Persistent link: https://www.econbiz.de/10014091573
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Technical Appendix : Accounting for U.S. Post-War Economic Growth
Del Río, Fernando - 2020
Persistent link: https://www.econbiz.de/10012832864
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Accounting for U.S. Post-War Economic Growth
Del Río, Fernando - 2020
for the evolution of U.S. productivity and labor share. Second, the labor wedge was the main force driving the recovery of …
Persistent link: https://www.econbiz.de/10012832868
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Comparing shocks and frictions in US and euro area business cycles: a Bayesian DSGE approach
Smets, Frank; Wouters, Raf - 2004
This paper estimates a DSGE model with many types of shocks and frictions for both the US and the euro area economy over a common sample period (1974-2002). The structural estimation methodology allows us to investigate whether differences in business cycle behaviour are due to differences in...
Persistent link: https://www.econbiz.de/10011506583
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Globalization and Productivity in the United States and Germany
Mann, Catherine L. - 1998
This paper investigates the impact of globalization on productivity growth and the procyclicality of productivity … in international demand affects productivity growth differently from changes in exposure to international competition. An … increase in foreign demand for U.S. exports raises trend productivity growth, but to a lesser degree than does a similar demand …
Persistent link: https://www.econbiz.de/10014071519