Similar Search Results

News, Noise, and Fluctuations : An Empirical Exploration

Blanchard, Olivier; L'Huillier, Jean-Paul; Lorenzoni, Guido - 2009

We explore empirically models of aggregate fluctuations with two basic ingredients: agents form anticipations about the future based on noisy sources of information; these anticipations affect spending and output in the short run. our objective is to separate fluctuations due to actual changes...

Persistent link: https://www.econbiz.de/10014206510

News, noise, and fluctuations : an empirical exploration

Blanchard, Olivier; L'Huillier, Jean-Paul; Lorenzoni, Guido - In: The American economic review 103 (2013) 7, pp. 3045-3070

Persistent link: https://www.econbiz.de/10010246484

News, noise, and fluctuations : an empirical exploration

Blanchard, Olivier; L'Huillier, Jean-Paul; Lorenzoni, Guido - 2009

Persistent link: https://www.econbiz.de/10003850205

News, Noise, and Fluctuations : An Empirical Exploration

Blanchard, Olivier - 2010

We explore empirically models of aggregate fluctuations with two basic ingredients: agents form anticipations about the future based on noisy sources of information; these anticipations affect spending and output in the short run. Our objective is to separate fluctuations due to actual changes...

Persistent link: https://www.econbiz.de/10013152615

News, Noise, and Fluctuations : An Empirical Exploration

Blanchard, Olivier J. - 2009

We explore empirically models of aggregate fluctuations with two basic ingredients: agents form anticipations about the future based on noisy sources of information; these anticipations affect spending and output in the short run. Our objective is to separate fluctuations due to actual changes...

Persistent link: https://www.econbiz.de/10012463634

Empirical Evidence on the Aggregate Effects of Anticipated and Unanticipated US Tax Policy Shocks

Mertens, Karel - 2010

The authors provide empirical evidence on the dynamic effects of tax liability changes in the United States. We distinguish between surprise and anticipated tax changes using a timing convention. We document that pre-announced but not yet implemented tax cuts give rise to contractions in output,...

Persistent link: https://www.econbiz.de/10013137861

Noisy News in Business Cycles

Forni, Mario - 2014

of imperfect information and derive restrictions for identifying the noise shock in a VAR model. The novelty of our …

Persistent link: https://www.econbiz.de/10013043877

Identifying key macroeconomic shocks to Canadian GDP

Sayeed, Jamil - 2020

the variation in the GDP in Canada. My findings suggest that TFP news shock is the key driver of GDP in the medium run and … it creates significant positive co-movements among the aggregate variables at business cycle frequencies. Demand shock … dominates in the short run, however, its hard to pin down the exact source of the shock. The findings are robust to alternative …

Persistent link: https://www.econbiz.de/10012437729

News, noise, and fluctuations: An empirical exploration

Blanchard, Olivier J.; L'Huillier, Jean-Paul; … - 2012

We explore empirically models of aggregate fluctuations with two basic ingredients: agents form anticipations about the future based on noisy sources of information and these anticipations affect spending and output in the short run. Our objective is to separate fluctuations due to actual...

Persistent link: https://www.econbiz.de/10010326929

Structural Shocks and the Comovements between Output and Interest Rates

Mertens, Elmar - 2011

Stylized facts on U.S. output and interest rates have so far proved hard to match with DSGE models. But model predictions hinge on the joint specification of economic structure and a set of driving processes. In a model, different shocks often induce different comovements, such that the overall...

Persistent link: https://www.econbiz.de/10013128641