Narrow search
Showing 1 - 10 of 5,027
Cover Image
Debunking the granular origins of aggregate fluctuations : from real business cycles back to Keynes
Dosi, Giovanni; Napoletano, Mauro; Roventini, Andrea; … - 2018
In this work we study the granular origins of business cycles and their possible underlying drivers. As shown by Gabaix (2011), the skewed nature of firm size distributions implies that idiosyncratic (and independent) firm-level shocks may account for a significant portion of aggregate...
Persistent link: https://www.econbiz.de/10011873811
Cover Image
Macroeconomic implications of oil-price shocks to emerging economies : a Markov regime-switching approach
Togonidze, Sophio; Kočenda, Evžen - 2022
We investigate an impact of oil-price shocks on GDP and exchange rate dynamics in resource-heterogeneous economies. We …-exporting, and less-resource-intensive economies. On average, real GDP in oil-exporting economies exhibits substantial contraction …, while for metal exporters there is a significant real GDP expansion suggesting an offsetting effect of metal exports on oil …
Persistent link: https://www.econbiz.de/10013369064
Cover Image
The role of economic policy uncertainty in predicting U.S. recessions : a mixed-frequency Markov-switching vector autoregressive approach
Balcilar, Mehmet; Gupta, Rangan; Segnon, Mawuli - 2016
regimes of the (quarterly) U.S. GDP. In this regard, the authors apply a mixed-frequency Markov-switching vector …
Persistent link: https://www.econbiz.de/10011443536
Cover Image
The role of economic policy uncertainty in predicting U.S. recessions : a mixed-frequency Markov-switching vector autoregressive approach
Balcilar, Mehmet; Gupta, Rangan; Segnon, Mawuli - 2016
regimes of the (quarterly) U.S. GDP. In this regard, the authors apply a mixed-frequency Markov-switching vector …
Persistent link: https://www.econbiz.de/10011554324
Cover Image
Would DSGE models have predicted the Great Recession in Austria?
Breuss, Fritz - 2016
DSGE (Dynamic stochastic general equilibrium) models are the common workhorse of modern macroeconomic theory. Whereas story-telling and policy analysis were in the forefront of applications since its inception, the forecasting perspective of DSGE models is only recently topical. In this study,...
Persistent link: https://www.econbiz.de/10011561187
Cover Image
Forecasting and policy making
Wieland, Volker; Wolters, Maik H. - 2012
Persistent link: https://www.econbiz.de/10010394237
Cover Image
Fiscal Multipliers in Bulgaria : Low But Still Relevant
Muir, Dirk - 2013
With fiscal adjustment proceeding quickly in Bulgaria and given the weak economic growth environment, there is keen interest in making the budget composition more growth friendly. This paper quantifies the short-term impact of fiscal policy on economic activity in Bulgaria using econometric and...
Persistent link: https://www.econbiz.de/10013085612
Cover Image
Assessment of GDP Growth After the Corona Crisis Using the Results of Business And Consumer Surveys
Kitrar, Liudmila; Lipkind, Tamara - 2021
The article analyses the short-term effects of aggregate economic sentiment on the expected GDP growth in Russia based … relationship between GDP growth and ESI time series. Scenario estimates of GDP growth until the end of 2021 are based on the …
Persistent link: https://www.econbiz.de/10013239584
Cover Image
Macroeconomic responses of emerging market economies to oil price shocks:analysis by region and resource profile
Togonidze, Sophio; Kočenda, Evžen - 2020
This study employs a vector autoregressive (VAR) model to analyse how oil price shocks affect macroeconomic fundamentals in emerging economies. Findings from existing literature remain inconclusive how macroeconomic variables fare towards shocks, especially in emerging economies. The objective...
Persistent link: https://www.econbiz.de/10012289734
Cover Image
Stabilization Policies and Long Term Growth : Policy Implications from an Agent-Based Macroeconomic Model
Harting, Philipp - 2015
Do fiscal stabilization policies affect the long-term growth of the economy? If so, are the long-term effects growth-enhancing or growth-reducing? These questions have again become relevant to the political and academic debate since governments have been forced to spend considerable funds for...
Persistent link: https://www.econbiz.de/10013020873