Similar Search Results

Investment-Specific Technology Shocks and Labor Market Frictions

De Bock, Reinout - 2010

This paper studies the implications of technical progress through investment-specific technical change in a business … needed to reap the benefits of an investment-specific technology shock and gradual labor-market matching, generates hump … persistent endogenous fluctuations in total factor productivity. Simulations suggest a limited role for investment …

Persistent link: https://www.econbiz.de/10013137439

Financial Frictions on Capital Allocation : A Transmission Mechanism of TFP Fluctuations

Chen, Kaiji - 2009

units, rather than investment in new capital. News shocks on future technology improvement are introduced as a device to …, while such a pattern does not exist for new capital investment. Furthermore, capital acquisition of constrained firms is …

Persistent link: https://www.econbiz.de/10013159853

Investment-specific technology shocks and labor market frictions

De Bock, Reinout - 2007

Persistent link: https://www.econbiz.de/10011618226

A simple model of growth slowdown

Shibayama, Katsuyuki - 2018

This paper studies a simple endogenous growth model to explain growth slowdowns. It is designed to explain, for example, the middle income trap often observed in the south-east Asian countries, the U.K.'s productivity puzzle after the Great Recession and the lost decades of Japan in a unified...

Persistent link: https://www.econbiz.de/10011948299

Uncertainty, risk-taking, and the business cycle in Germany : what's wrong with modern macroeconomics?

Popescu, Adina; Smets, Frank - In: CESifo economic studies : CESifo, a joint initiative of … 56 (2010) 4, pp. 596-626

This article investigates the business cycle behaviour of measures of perceived uncertainty and financial risk premia in Germany over the past two decades. Both the perceived uncertainty and the financial risk premia are highly countercyclical and may therefore amplify and propagate the...

Persistent link: https://www.econbiz.de/10008809494

Fiscal multipliers in recessions

Canzoneri, Matthew B.; Collard, Fabrice; Ntellas, Charēs; … - 2012

The Great Recession, and the fiscal response to it, has revived interest in the size of fiscal multipliers. Standard business cycle models have difficulties generating multipliers greater than one. And they also fail to produce any significant asymmetry in the size of the multipliers over the...

Persistent link: https://www.econbiz.de/10009534135

Fiscal policy, unemployment insurance, and financial crises in a model of growth and distribution

Hannsgen, Greg - 2012

Recently, some have wondered whether a fiscal stimulus plan could reduce the government's budget deficit. Many also worry that fiscal austerity plans will only bring higher deficits. Issues of this kind involve endogenous changes in tax revenues that occur when output, real wages, and other...

Persistent link: https://www.econbiz.de/10009534182

Endogenous firm entry in an estimated model of the US business cycle - updated version

Offick, Sven; Winkler, Roland - 2015

A recent theoretical literature highlights the role of endogenous firm entry as an internal amplification mechanism of business cycle fluctuations. The amplification mechanism works through the competition and the variety effect. This paper tests the significance of this amplification mechanism,...

Persistent link: https://www.econbiz.de/10011390479

A new look at uncertainty shocks : imperfect information and misallocation

Senga, Tatsuro - 2015

and 89 percent of the fall in investment. …

Persistent link: https://www.econbiz.de/10011401309

Learning to forecast and cyclical behavior of output and inflation

Adam, Klaus - 2003

This paper considers a sticky price model with a cash-in-advance constraint where agents forecast inflation rates with the help of econometric models. Agents use least squares learning to estimate two competing models of which one is consistent with rational expectations once learning is...

Persistent link: https://www.econbiz.de/10009765344