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asymmetries in the business cycles. Toward that end, models that allow for asymmetric business cyclesÑdefined by the case where … about asymmetries in business cycles because most econometric models cannot capture empirically important asymmetries. In …
Persistent link: https://www.econbiz.de/10014620820
asymmetries in the business cycles. Toward that end, models that allow for asymmetric business cyclesÃdefined by the case where … about asymmetries in business cycles because most econometric models cannot capture empirically important asymmetries. In …
Persistent link: https://www.econbiz.de/10005459066
This research studies possible existence of business cycle asymmetries in Canada, France, Germany, Italy, Japan, UK …, and US real GDP growth rates. Asymmetries in these countries are modeled using in-sample as well as jackknife out … asymmetries in business cycle fluctuations in all the series; this is corroborated with bivariate analysis, which also finds …
Persistent link: https://www.econbiz.de/10010598967
In most manufacturing industries output is adjusted in a lumpy way along three margins: shiftwork, weekend work, and closing a plant temporarily down. We incorporate such decisions into a dynamic general equilibrium model and study: (i) if such micro-level nonconvexities magnify business cycles;...
Persistent link: https://www.econbiz.de/10008528720
This paper discusses the paper The Source of Historical Economic Fluctuations: An Analysis using Long-Run Restrictions by Neville Francis and Valerie A. Ramey. It argues that these authors have made great progress both in the precise measurement of labor input as well as determining the effect...
Persistent link: https://www.econbiz.de/10010263638
This paper estimates the quarterly flow of migrants to the US working age population using data based on the Current Population Survey (CPS). The dynamic responses to immigration shocks are estimated in a vector autoregression. Immigration shocks, as well as technology shocks are identified...
Persistent link: https://www.econbiz.de/10011984941
This paper uses a simple VAR for the industrialised world (aggregate of 17 countries), the US and the Euro area to analyse the underlying shocks of the recent slowdown, i.e. supply, demand, monetary policy and oil price shocks. The results of two identification strategies are compared. One is...
Persistent link: https://www.econbiz.de/10004982909
This paper discusses the paper "The Source of Historical Economic Fluctuations: An Analysis using Long-Run Restrictions" by Neville Francis and Valerie A. Ramey. It argues that these authors have made great progress both in the precise measurement of labor input as well as determining the effect...
Persistent link: https://www.econbiz.de/10005652778
This Paper uses a simple VAR for the industrialized world (aggregate of 17 countries), the US and the euro area to analyse the underlying shocks of the recent slowdown, i.e. supply, demand, monetary policy and oil price shocks. The results of two identification strategies are compared. One is...
Persistent link: https://www.econbiz.de/10005788917
This paper examines evidence of long- and short-run co-movement in Canadian sectoral output data. Our framework builds on a vector-error-correction representation that allows to test for and compute full-information maximum-likelihood estimates of models with codependent cycle restrictions. We...
Persistent link: https://www.econbiz.de/10005343009