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The role of inventories for the propagation of aggregate fluctuations: Lessons for Bulgaria (1999-2019)
Vasilev, Aleksandar - In: Journal of Economics and Administrative Sciences (2021) forthcoming
Purpose: Inventories are introduced as a productive input into a real-business-cycle (RBC) setup augmented with … importance of the presence of inventories is investigated. Findings: The quantitative effect of inventories is found to be … fluctuations in Bulgaria, which is a novel result. Still, there is need for more research on the incorporation of inventories into …
Persistent link: https://www.econbiz.de/10012517989
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Compliance with IAS 2 in consolidated financial statements of PSE listed companies
Polachová, Kateřina - In: European Financial and Accounting Journal 14 (2019) 3, pp. 61-78
As inventories represent a significant balance sheet item for many companies, their correct presentation and disclosure … is fundamental for the financial statements' users. This article identifies compliance with the 'IAS 2 Inventories … association between the sum of total assets and the sum of inventories as well as an association between the sum of inventories …
Persistent link: https://www.econbiz.de/10012623023
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Accounting for holdings of cryptocurrencies in the Slovak Republic: Comparative analysis
Blahušiaková, Miriama - In: Contemporary Economics 16 (2022) 1, pp. 16-31
opinions considering cryptocurrency a financial asset, a financial instrument, cash, cash equivalents, inventories or …
Persistent link: https://www.econbiz.de/10014544648
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Bureaucracy, underground activities, and fluctuations
Soldatos, Gerasimos T. - In: Atlantic Review of Economics 2 (2014), pp. 1-8
This is a note on corruption and underground economy in a Kaldor-type model of the business cycle. It appears that when the economy is booming and underground activities seek to enter the official economy, bureaucrats have the upper hand but until underground businesses cannot tolerate...
Persistent link: https://www.econbiz.de/10011536978
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Are there two types of business cycles? A note on crisis detection
Pater, Robert - In: e-Finanse: Financial Internet Quarterly 10 (2014) 3, pp. 1-28
Business cycles are highly irregular fluctuations in economic activity. This article attempts to determine whether there are some properties of business cycles that can make them look more regular. This is done by analysing business cycle dynamics, especially by employing and adjusting to...
Persistent link: https://www.econbiz.de/10011551432
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Decomposing the misery index: A dynamic approach
Cohen, Ivan K.; Ferretti, Fabrizio; McIntosh, Bryan - In: Cogent Economics & Finance 2 (2014) 1, pp. 1-7
The misery index (the unweighted sum of unemployment and inflation rates) was probably the first attempt to develop a single statistic to measure the level of a population's economic malaise. In this letter, we develop a dynamic approach to decompose the misery index using two basic relations of...
Persistent link: https://www.econbiz.de/10011559142
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Do minimum wages stimulate productivity and growth?
Sabia, Joseph J. - In: IZA World of Labor (2015)
Proponents of minimum wage increases have argued that such hikes can serve as an engine of economic growth and assist low-skilled individuals during downturns in the business cycle. However, a review of the literature provides little empirical support for these claims. Minimum wage increases...
Persistent link: https://www.econbiz.de/10011573611
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An interaction-based foundation of aggregate investment fluctuations
Nirei, Makoto - In: Theoretical Economics 10 (2015) 3, pp. 953-985
This study demonstrates that the interactions of firm-level indivisible investments give rise to aggregate fluctuations without aggregate exogenous shocks. When investments are indivisible, aggregate capital is determined by the number of firms that invest. I develop a method to derive the...
Persistent link: https://www.econbiz.de/10011599560
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Inference in dynamic stochastic general equilibrium models with possible weak identification
Qu, Zhongjun - In: Quantitative Economics 5 (2014) 2, pp. 457-494
This paper considers inference in log-linearized dynamic stochastic general equilibrium (DSGE) models with weakly (including un-) identified parameters. The framework allows for analysis using only part of the spectrum, say at the business cycle frequencies. First, we characterize weak...
Persistent link: https://www.econbiz.de/10011599662
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Time-consistent optimal fiscal policy over the business cycle
Feng, Zhigang - In: Quantitative Economics 6 (2015) 1, pp. 189-221
This paper examines a dynamic stochastic economy with a benevolent government that cannot commit to its future policies. I consider equilibria that are time-consistent and allow for history-dependent strategies. A new numerical algorithm is developed to solve for the set of equilibrium payoffs....
Persistent link: https://www.econbiz.de/10011599675