The paper investigates the effects of temporary consumption tax cuts using firm-level data. As part of its countercyclical measures implemented during the recent global economic crisis, Tur-key temporarily lowered consumption taxes on selected durables. Our empirical strategy ex-ploits variation...

The paper investigates the effects of temporary consumption tax cuts using firm‐level data. As part of its countercyclical measures implemented during the recent global economic crisis, Turkey temporarily lowered consumption taxes on selected durables. Using data on the change of sales of...

Konjunkturzyklen um einen langfristigen Trend entstehen als Resultat unvorhersehbarer Impulse oder Schocks. Welche Arten von Schocks wesentlich für das Konjunkturgeschehen sind, ist ein empirisch und theoretisch umstrittenes Thema in der makroökonomischen Literatur und bildet eine der...

In an influential recent paper, Beaudry and Portier (2006) propose a sequential approach for identifying technological news shocks. Thereby, the correlation coefficient between news shocks of a short-run identification scheme and technology shocks of a long-run identification scheme in the VAR...

Zwei wichtige makroökonomische Fragestellungen sind, inwiefern Schocks mit permanenten Effekten einen Einfluss auf die zyklische Komponente makroökonomischer Größen haben, und ob man den Technologieschocks für die Konjunkturzyklen eine wichtige Rolle zuschreiben kann. Ein kürzlich...

The study investigates the business cycle dynamics in the euro area using an empirical framework which comprises common global and euro area shocks as well as allows bilateral spillovers of country-specific shocks across the member economies. Three core questions lie at the heart of the...