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International medium-term business cycles

Hirschbühl, Dominik; Spitzer, Martin - 2021

Foreign driven medium-term oscillations that originate from uctuations in technological frontier countries gained widespread attention among policymakers. To study this phenomenon in the context of domestic and other foreign drivers of the euro area business cycle, we develop a medium-scale,...

Persistent link: https://www.econbiz.de/10012499631

The spillover effects of economic policy uncertainty in Latin America on the Spanish economy

Ghirelli, Corinna; Pérez, Javier J.; Urtasun, Alberto - In: Latin American journal of central banking : LAJCB 2 (2021) 2, pp. 1-39

We construct economic policy uncertainty (EPU) indexes for a number of Latin American (LA) economies (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela) and the region as a whole, based on reports in the Spanish press. Our measures are comparable across countries. We study the...

Persistent link: https://www.econbiz.de/10012545889

Investment Attraction, Competition and Growth; Theoretical Perspective in the Context of Africa

Tweneboah Senzu, Emmanuel - 2018

Examination in both theoretical and empirical prospective of the Capital market, deduce that the major indicators of modern economic growth, depends on the extent of economic financialization, commonly defined as capital stock, industrialization and Technological Advancement. The focus of this...

Persistent link: https://www.econbiz.de/10012913593

The Fallacy of Adjusting Valuation for Growth and Inflation

Booth, Richard A. - 2016

It has become almost standard practice in Delaware appraisal proceedings for the courts to adjust discount rates downward by the projected rate of inflation and GDP growth so as to reflect the prospect of higher future returns because of these factors. Since the value of a business varies...

Persistent link: https://www.econbiz.de/10012995998

Speculative Growth : Hints from the U.S. Economy

Caballero, Ricardo J.; Farhi, Emmanuel; Hammour, Mohamad L. - 2004

We propose a framework for understanding recurrent historical episodes of vigorous economic expansion accompanied by extreme asset valuations, as exhibited by the U.S. in the 1990s. We interpret this phenomenon as a high-valuation equilibrium with a low effective cost of capital based on...

Persistent link: https://www.econbiz.de/10014100918

Are global spillovers complementary or competitive? : need for international policy coordination

Bhattarai, Keshab; Mallick, Sushanta Kumar; Yang, Bo - In: Journal of international money and finance 110 (2021), pp. 1-22

Persistent link: https://www.econbiz.de/10012795534

Chapter 26. Neoclassical Models in Macroeconomics

Hansen, G.D.; Ohanian, L.E. - In: Handbook of macroeconomics : volume 2, v. 2A-2B SET, (pp. 2043-2130). 2016

This chapter develops a toolkit of neoclassical macroeconomic models, and applies these models to the US economy from 1929 to 2014. We first filter macroeconomic time series into business cycle and long-run components, and show that the long-run component is typically much larger than the...

Persistent link: https://www.econbiz.de/10014024270

Modest Macroeconomic Effects of Monetary Policy Shocks During the Great Moderation : An Alternative Interpretation

Castelnuovo, Efrem - 2016

policy shock. In contrast, our Monte Carlo VAR results replicate our evidence obtained with actual U.S. data. Hence, modest …Cholesky-VAR impulse responses estimated with post-1984 U.S. data predict modest macroeconomic reactions to monetary … policy shocks. We interpret this evidence by employing an estimated medium-scale DSGE model of the business cycle as a …

Persistent link: https://www.econbiz.de/10012981367

The international transmission of volatility shocks : an empirical analysis

Mumtaz, Haroon; Theodoridis, Konstantinos - 2012

Persistent link: https://www.econbiz.de/10009671786

Household Debt and Business Cycles Worldwide

Mian, Atif R. - 2017

An increase in the household debt to GDP ratio predicts lower GDP growth and higher unemployment in the medium run for an unbalanced panel of 30 countries from 1960 to 2012. Low mortgage spreads are associated with an increase in the household debt to GDP ratio and a decline in subsequent GDP...

Persistent link: https://www.econbiz.de/10012971099

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