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The Bush Business Cycle Profit Rate: Support in a Theoretical Debate and Implications for the Future

Bakir, Erdogan; Campbell, AL - In: Review of Radical Political Economics 41 (2009) 3, pp. 335-342

This paper looks at the most recent aggregate profit rate data for the United States. It then makes five arguments. First, the new data reinforce the rejection of â€œneoliberalism as successful capitalist restructuring that could possibly restore or surpass the pre 1970s rate of profit.â€...

Persistent link: https://www.econbiz.de/10010797066

When arm’s length is too far: relationship banking over the business cycle

Beck, Thorsten; Degryse, Hans; De Haas, Ralph; van … - European Bank for Reconstruction and Development (EBRD) - 2014

Using a novel way to identify relationship and transaction banks, we study how banks’ lending techniques affect funding to SMEs over the business cycle. For 21 countries we link the lending techniques that banks use in the direct vicinity of firms to these firms’ credit constraints at two...

Persistent link: https://www.econbiz.de/10010797500

Can Economic Uncertainty, Financial Stress and Consumer Senti-ments Predict U.S. Equity Premium?

Gupta, Rangan; Hammoudeh, Shawkat; Modise, Mampho P.; … - Institut de Préparation à l'Administration et à la … - 2014

This article attempts to examine whether the equity premium in the United States can be predicted from a comprehensive

Persistent link: https://www.econbiz.de/10010799075

Housing Dynamics over the Business Cycle

Kydland, Finn; Rupert, Peter; Sustek, Roman - Department of Economics, University of California-Santa … - 2012

Over the U.S. business cycle, fluctuations in residential investment are well known to systematically lead GDP. These dynamics are documented here to be specific to the U.S. and Canada. In other developed economies residential investment is broadly coincident with GDP. Nonresidential investment...

Persistent link: https://www.econbiz.de/10010677996

Business cycles synchronization in the European Union: truth or challenge?

TATOMIR, Cristina-Flavia; POPOVICI, Oana Cristina - In: Theoretical and Applied Economics XVIII(2013) (2013) 7(584), pp. 33-42

This paper provides an updated picture of the degree of business cycles synchronization in the European Union, analyzing its evolution during 1999-2011. We use the Hodrick-Prescott filter to capture the relevant trends in the business cycles and the Pearson correlation coefficient to measure the...

Persistent link: https://www.econbiz.de/10010681052

Schweiz profitiert von Belebung der Weltwirtschaft

Abberger, Klaus; Abrahamsen, Yngve; Aeppli, Roland; … - In: KOF Analysen 1 (2013) 1, pp. 1-74

This text presents the economic forecast conducted by the KOF Swiss Economic Institute at the ETH Zurich as published on 26 March 2013. After an introduction describing the current situation and crucial assumptions underlying the forecast, we summarise the key results for Switzerland. Then we...

Persistent link: https://www.econbiz.de/10010682987

Schweiz profitiert von Belebung der Weltwirtschaft

Abberger, Klaus; Abrahamsen, Yngve; Aeppli, Roland; … - In: KOF Analysen 7 (2013) 1, pp. 1-74

Persistent link: https://www.econbiz.de/10010685160

Risk, uncertainty and monetary policy

Bekaert, Geert; Hoerova, Marie; Lo Duca, Marco - European Central Bank - 2013

The VIX, the stock market option-based implied volatility, strongly co-moves with measures of the monetary policy stance. When decomposing the VIX into two components, a proxy for risk aversion and expected stock market volatility (“uncertainty”), we find that a lax monetary policy decreases...

Persistent link: https://www.econbiz.de/10010686747

GDP-Inflation cyclical similarities in the CEE countries and the euro area

Macchiarelli, Corrado - European Central Bank - 2013

GDP-inflation cycles by adopting a trend-cycle decomposition model which allows the trend to be either stochastic or …-in (GDP-to-inflation) and cross-country (CEECs vs. euro area) levels. Allowing for different degrees of cyclical similarity …, we find that a similar inflation vs. GDP cycle is not rejected only for Poland, Lithuania, Romania and Estonia (with …

Persistent link: https://www.econbiz.de/10010686780

Loan supply shocks and the business cycle

Gambetti, Luca; Musso, Alberto - European Central Bank - 2012

to have a significant effect on economic activity and credit market variables, but to some extent also inflation, in all …

Persistent link: https://www.econbiz.de/10010686799