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International business cycles: Quantifying the effects of a world market for oil
Gars, Johan; Olovsson, Conny - 2017
To what extent is the international business cycle affected by the fact that an essential input (oil) is traded on the … world market? We quantify the contribution of oil by setting up a model with separate shocks to efficiencies of capital …/labor and oil, as well as global shocks to the oil supply. We find that the shocks to the supply and the efficiency of oil both …
Persistent link: https://www.econbiz.de/10011943310
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International business cycles : quantifying the effects of a world market for oil
Gars, Johan; Olovsson, Conny - 2017
To what extent is the international business cycle affected by the fact that an essential input (oil) is traded on the … world market? We quantify the contribution of oil by setting up a model with separate shocks to efficiencies of capital …/labor and oil, as well as global shocks to the oil supply. We find that the shocks to the supply and the efficiency of oil both …
Persistent link: https://www.econbiz.de/10011657454
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Entry, Exit, and Plant-Level Dynamics over the Business Cycle
Lee, Yoonsoo; Mukoyama, Toshihiko - Census Bureau, Department of Commerce - 2008
This paper analyzes the implications of plant-level dynamics over the business cycle. We first document basic patterns of entry and exit of U.S. manufacturing plants, in terms of employment and productivity, between 1972 and 1997. We show how entry and exit patterns vary during the business...
Persistent link: https://www.econbiz.de/10005058933
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Capacity Utilization and Technology Shocks in the U.S. Manufacturing Sector
Krüger, Jens J. - Wirtschaftswissenschaftliche Fakultät, … - 2004
In this paper the time series properties of the outcomes of two different specifications of a nonparametric productivity analysis are compared using data for three- and four- digit U.S. manufacturing industries over the period 1958-96. The first model is standard and does not account for...
Persistent link: https://www.econbiz.de/10005105640
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On business cycles of variety and quality
Hamano, Masashige - Centre de Recherche en Économie Appliquée (CREA), … - 2013
This paper explores the role played by product variety and quality in a real business cycle model. Firms are heterogeneous in terms of their specific quality as well as pro- ductivity levels. Firms which have costly technology enter in a period of high aggregated demand and produce high quality...
Persistent link: https://www.econbiz.de/10011095239
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Endogenous firm creation and destruction over the business cycle
Hamano, Masashige - Centre de Recherche en Économie Appliquée (CREA), … - 2013
This paper revisits Schumpeterian destruction in a DSGE model based on monopolistic competition. Firms enter the market through a free entry condition and exit endogenously depending on their specific productivity level. The mechanism of endogenous destruction among heterogeneous firms is based...
Persistent link: https://www.econbiz.de/10011095252
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Why the split of payroll taxation between firms and workers matters for macroeconomic stability
Voigts, Simon - 2014
Conventional wisdom states that the statutory split of payroll taxation between firms and workers is of no macroeconomic relevance, because the tax incidence is fully determined by the market structure. This paper breaks with this view by establishing a theoretical link between the statutory...
Persistent link: https://www.econbiz.de/10010418878
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Do Structural Policies Affect Macroeconomic Stability?
Ziemann, Volker - Economics Department, Organisation de Coopération et … - 2013
Using a panel of OECD countries, this study assesses the linkages between structural policies and macroeconomic stability. Business cycle and time-series characteristics of GDP and its components are employed to define various measures for economic instability and for the persistence of adverse...
Persistent link: https://www.econbiz.de/10011276797
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Why the split of payroll taxation between firms and workers matters for macroeconomic stability
Voigts, Simon - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2014
Conventional wisdom states that the statutory split of payroll taxa- tion between rms and workers is of no macroeconomic relevance, because the tax incidence is fully determined by the market structure. This pa- per breaks with this view by establishing a theoretical link between the statutory...
Persistent link: https://www.econbiz.de/10011277262
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Why the split of payroll taxation between firms and workers matters for macroeconomic stability
Voigts, Simon - 2014
Conventional wisdom states that the statutory split of payroll taxation between firms and workers is of no macroeconomic relevance, because the tax incidence is fully determined by the market structure. This paper breaks with this view by establishing a theoretical link between the statutory...
Persistent link: https://www.econbiz.de/10010491443