Similar Search Results

The empirics of granular origins : some challenges and solutions with an application to the UK

Dacic, Nikola; Melolinna, Marko - 2019

Persistent link: https://www.econbiz.de/10012202717

Higher-order income risk over the business cycle

Busch, Christopher; Ludwig, Alexander - 2020

Persistent link: https://www.econbiz.de/10012204513

Higher-order income risk over the business cycle

Busch, Christopher; Ludwig, Alexander - 2020

We extend the canonical income process with persistent and transitory risk to shock distributions with left … data from the United States. We find countercyclical variance and procyclical skewness of persistent shocks. All shock …

Persistent link: https://www.econbiz.de/10012182809

Modeling business cycle with financial shocks basing on Kaldor-Kalecki model

Li, Zhenghui; Wang, Zhenzhen; Huang, Zhehao - In: Quantitative finance and economics 1 (2017) 1, pp. 44-66

Persistent link: https://www.econbiz.de/10012137732

Different no more : country spreads in advanced and emerging economies

Born, Benjamin; Müller, Gernot J.; Pfeifer, Johannes; … - 2020

Interest-rate spreads fluctuate widely across time and countries. We characterize their behavior using some 3,200 quarterly observations for 21 advanced and 17 emerging economies since the early 1990s. Before the financial crisis, spreads are 10 times more volatile in emerging economies than in...

Persistent link: https://www.econbiz.de/10012162762

Opening the red budget box : nonlinear effects of a tax shock in the UK

Colombo, Valentina - 2020

This paper studies the real effects of an exogenous UK tax change in recessions and expansions. The tax shock is … regressions (Granger and Teräsvirta, 1994), tax policy shock is found to affect UK macroeconomic variables depending on the phase … of the business cycle the economy is when tax shock occurs. An exogenous tax cut in recessions triggers a large …

Persistent link: https://www.econbiz.de/10012164687

Informality, labor regulation, and the business cycle

Leyva, Gustavo; Urrutia, Carlos - 2018

We analyze the joint impact of employment protection and informality on macroeconomic volatility and the propagation of shocks in emerging economies. For this, we propose a small open economy business cycle model with frictional labor markets, labor regulation, and an informal sector, modeled as...

Persistent link: https://www.econbiz.de/10012165940

Inequality over the business cycle : the role of distributive shocks

Clemens, Marius; Eydam, Ulrich; Heinemann, Maik - 2020

This paper examines the dynamics of wealth and income inequality along the business cycle and assesses how they are related to fluctuations in the functional income distribution. In a panel estimation for OECD countries between 1970 and 2016 we find that on average income inequality - measured...

Persistent link: https://www.econbiz.de/10012170668

Financial shocks, job destruction shocks, and labor market fluctuations

Zanetti, Francesco - In: Macroeconomic dynamics 23 (2019) 3, pp. 1137-1165

Persistent link: https://www.econbiz.de/10012126884

Higher-order income risk over the business cycle

Busch, Christopher; Ludwig, Alexander - 2020

Persistent link: https://www.econbiz.de/10012215285