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Business Cycles and Fiscal Policy in an Open Economy
Andersen, T. M.; Holden, S. - 1998
the case of both supply (productivity) and demand (preferences) shocks. …
Persistent link: https://www.econbiz.de/10010330285
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Business cycles and fiscal policy in an open economy
Andersen, Torben M.; Holden, Steinar - 1998
the case of both supply (productivity) and demand (preferences) shocks. …
Persistent link: https://www.econbiz.de/10011518886
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Dispersion over the business cycle : passthrough, productivity, and demand
Carlsson, Mikael; Clymo, Alex; Joslin, Knut-Eric - 2022
We characterize the dispersion of firm-level productivity and demand shocks using Swedish microdata including prices … and utilization and analyse the consequences for firms and the aggregate economy. Demand dispersion increases by more than … dispersion. Demand shocks explain most of the variation in sales dispersion. In a heterogeneousfirm model matching the micro …
Persistent link: https://www.econbiz.de/10013256973
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Oil prices in a real-business-cycle model with precautionary demand for oil
Olovsson, Conny - 2016
/smoothing demand, but supply shocks contribute substantially to both the oil-price volatility and the magnitude of oil shocks mainly …-specific technology shocks and supply shocks that can be imprecisely forecasted by noisy news shock. These shocks explain most of the U …
Persistent link: https://www.econbiz.de/10011568489
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Dispersion over the business cycle : passthrough, productivity, and demand?
Carlsson, Mikael; Clymo, Alex; Joslin, Knut-Eric - 2023
We characterize the dispersion of firm-level productivity and demand shocks over the business cycle using Swedish … microdata including prices and analyse the consequences for firms and the aggregate economy. Demand dispersion increases by more … on sales dispersion. Demand shocks explain most of the variation in sales dispersion. In a heterogeneous-firm model …
Persistent link: https://www.econbiz.de/10013488861
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The asymmetric experience of positive and negative economic growth: global evidence using subjective well-being data
De Neve, Jan-Emmanuel; Ward, George W.; de Keulenaer, Femke - London School of Economics (LSE) - 2014
Are individuals more sensitive to losses than gains in macroeconomic growth? Using subjective well-being measures across three large data sets, we observe an asymmetry in the way positive and negative economic growth are experienced, with losses having more than twice as much impact on...
Persistent link: https://www.econbiz.de/10011206863
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EMPLOYMENT AND HOURS OVER THE BUSINESS CYCLE
CHO, J-O.; COOLEY, T.F. - William E. Simon Graduate School of Business … - 1988
Persistent link: https://www.econbiz.de/10005618722
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OPTIMAL BASE DRIFT: ROBUSTNESS UNDER ALTERNATIVE SCENARIOS.
STEMP, P.J. - Research School of Pacific and Asian Studies, College … - 1989
Persistent link: https://www.econbiz.de/10005630827
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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/10010291762
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Establishments dynamics and matching frictions in classical competitive equilibrium
Veracierto, Marcelo - 2007
This paper develops a Walrasian equilibrium theory of establishment level dynamics and matching frictions and uses it to evaluate the effects of congestion externalities in the matching process and determine the government interventions that are needed to implement a Pareto optimal allocation....
Persistent link: https://www.econbiz.de/10010292153