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On the periodicity of inventories
Shibayama, Katsuyuki - 2008
This article studies inventories and monetary policy by estimating VAR models. The complex roots detected in our … production and inventories follow damped oscillations (stable sine curves), implying that a boom is the seed of the following … inventories, while booms after positive supply shocks are short-lived as the initial accumulation of inventories suppresses …
Persistent link: https://www.econbiz.de/10010277802
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On the periodicity of inventories
Shibayama, Katsuyuki (contributor) - 2008
This article studies inventories and monetary policy by estimating VAR models. The complex roots detected in our … production and inventories follow damped oscillations (stable sine curves), implying that a boom is the seed of the following … inventories, while booms after positive supply shocks are short-lived as the initial accumulation of inventories suppresses …
Persistent link: https://www.econbiz.de/10003746671
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What drives inventory accumulation? : news on rates of return and marginal costs
Görtz, Christoph; Gunn, Christopher M.; Lubik, Thomas A. - 2019
inventories react strongly and positively to news about future increases in total factor productivity. Theory suggests that the … transmission channel of news shocks to inventories works through movements in marginal costs, through movements in sales, or …
Persistent link: https://www.econbiz.de/10012119865
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Macroeconomic dynamics and inflation regimes in the US : results from threshold vector autoregressions
Mandler, Martin - 2010
This paper studies regime dependence in macroeconomic dynamics in the U.S. using a threshold vector autoregressive model in which endogenous regime switches are triggered by the inflation rate. The model separates a high from a low inflation regime with both regimes being strongly persistent....
Persistent link: https://www.econbiz.de/10003950614
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Financial shocks and the real economy in a nonlinear world : from theory to estimation
Silvestrini, Andrea; Zaghini, Andrea - 2015
We examine the inter-linkages between financial factors and real economic activity. We review the main theoretical approaches that allow financial frictions to be embedded into general equilibrium models. We outline, from a policy perspective, the most recent empirical papers focusing on the...
Persistent link: https://www.econbiz.de/10011279726
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Financial Shocks and the Real Economy in a Nonlinear World : A Survey of the Theoretical and Empirical Literature
Silvestrini, Andrea - 2015
In this paper we present an overview of theoretical and empirical contributions exploring the inter-linkages between financial factors and real economic activity. We first revisit the main theoretical approaches that allow financial frictions to be embedded into general equilibrium models, and...
Persistent link: https://www.econbiz.de/10013024293
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Symmetric and asymmetric dynamics of output gap and inflation relation for Turkish economy
Biçer, Burhan; Cil, Almila Burgac - In: Prague economic papers : a bimonthly journal of … 32 (2023) 5, pp. 520-549
This paper uses symmetric and asymmetric testing procedures to examine the issue of the relationship between the output gap and inflation for the Turkish economy using data from 2002:01 to 2021:09. First, it analyses the cointegration by applying different cointegration tests taking into account...
Persistent link: https://www.econbiz.de/10014516257
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Empirical Assessment of Alternative Structural Methods for Identifying Cyclical Systemic Risk in Europe
Galán, Jorge E. - 2018
The credit-to-GDP gap, as proposed by the Basel methodology, has become the reference measure for the activation of the Countercyclical Capital Buffer (CCyB) due to its simplicity and good predictive power for future systemic crises. However, it presents several shortcomings that could lead to...
Persistent link: https://www.econbiz.de/10012913375
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Monetary policy, external instruments, and heteroskedasticity
Schlaak, Thore; Rieth, Malte; Podstawski, Maximilian - In: Quantitative Economics 14 (2023) 1, pp. 161-200
We develop a structural vector autoregressive framework that combines external instruments and heteroskedasticity for identification of monetary policy shocks. We show that exploiting both types of information sharpens structural inference, allows testing the relevance and exogeneity condition...
Persistent link: https://www.econbiz.de/10014536939
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Monetary policy shocks for Sweden
Kilman, Josefin - 2022
This paper estimates monetary policy shocks for Sweden between 1996-2019. I employ the Romer and Romer (2004) (R&R) approach and use annual forecasts of output growth and inflation to estimate monetary policy shocks. I complement the analysis with shocks from a recursive VAR including output,...
Persistent link: https://www.econbiz.de/10014318981