Narrow search
Showing 1 - 10 of 1,221
Cover Image
The household sector financial balance, financing gap, financial markets, and economic cycles in the US economy : a structural VAR analysis
Casadio, Paolo; Paradiso, Antonio - 2010
This paper investigates private net saving in the US economy - divided into its principal components, households and (nonfinancial) corporate financial balances - and its impact on the GDP cycle from the 1980s to the present. Furthermore, we investigate whether the financial markets (stock...
Persistent link: https://www.econbiz.de/10008758823
Cover Image
Household Sector Financial Balance, Financing Gap, Financial Markets, and Economic Cycle in the US Economy : A Structural VAR Analysis
Casadio, Paolo - 2010
This paper investigates private net saving in the US economy - divided into its principal components, households and (nonfinancial) corporate financial balances - and its impact on the GDP cycle from the 1980s to the present. Furthermore, we investigate whether the financial markets (stock...
Persistent link: https://www.econbiz.de/10013136368
Cover Image
On the time-varying effects of economic policy uncertainty on the US economy
Prüser, Jan; Schlösser, Alexander - 2018
We study the time-varying impact of Economic Policy Uncertainty (EPU) on the US Economy by using a VAR with time-varying coefficients. The coefficients are allowed to evolve gradually over time which allows us to discover structural changes without imposing them a priori. We find three different...
Persistent link: https://www.econbiz.de/10011888261
Cover Image
Substitution Elasticities between Durable and Nondurable Goods in the United States : New Evidence from the Dynamic Laurent System
Fleissig, Adrian R. - 1998
-run equilibrium holding of consumption goods slowly rather than quickly …
Persistent link: https://www.econbiz.de/10014089563
Cover Image
Evidence on the Relationship between Housing and Consumption in the US : A State-Level Analysis
Abdallah, Chadi S. - 2013
We estimate the dynamic effects of aggregate US housing market shocks on state-level retail sales and home prices from 1976 to 2008. We use a common factor VAR model to account for the dynamics of the state-level variables, and identify housing demand and supply shocks using a signs-restriction...
Persistent link: https://www.econbiz.de/10013094425
Cover Image
Oil prices and the US economy : where is the boom?
Arora, Vipin - 2015
negative if consumption grows slowly. The reasons for this change are straightforward, if underappreciated: (i) the value of …
Persistent link: https://www.econbiz.de/10011289074
Cover Image
Measuring stylized business cycles facts using stochastic cycles
Rünstler, Gerhard - 1997
The study proposes a multivariate unobserved components model in order to examine relationships at business cycle frequencies among macroeconomic variables. The series are decomposed into non-stationary trends, stationary cycles, and an irregular component. The co-movements among the particular...
Persistent link: https://www.econbiz.de/10009699981
Cover Image
Did US consumers 'save for a rainy day' before the Great Recession?
Anundsen, André Kallåk; Nymoen, Ragnar - 2015
the period 1980q1-2011q4. That is, income is more often found to predict consumption and saving than the converse. Our … consumption and by exploring the direction of Granger causality between the two series. We also give evidence that house price … changes played a role in the US income and consumption dynamics, before, during and after the Great Recession. …
Persistent link: https://www.econbiz.de/10010518800
Cover Image
Did US consumers 'save for a rainy day' before the Great Recession?
Anundsen, André Kallåk; Nymore, Ragnar - 2015 - This version May 8, 2015
the period 1980q1-2011q4. That is, income is more often found to predict consumption and saving than the converse. Our … consumption and by exploring the direction of Granger causality between the two series. We also give evidence that house price … changes played a role in the US income and consumption dynamics, before, during and after the Great Recession. …
Persistent link: https://www.econbiz.de/10010530531
Cover Image
Multicointegration in US consumption data
Siliverstovs, Boriss - 2003
The present paper tests for the existence of multicointegration between real per capita private consumption expenditure … income and consumption expenditure on the one hand, and the stock of consumers' wealth, which can be considered as cumulative … multicointegrating relations and find supporting evidence for the existence of multicointegration in US consumption data. …
Persistent link: https://www.econbiz.de/10011439261