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This article summarizes the main findings on problems related to the measurement and identification of business cycles …. The aim of this study is to define and identify the determinants of business cycles. This paper provides an overview of … literature, but none is perfect. A new development in the field lies in spectral analysis methods for measuring business cycles …
Persistent link: https://www.econbiz.de/10011659877
This article summarizes the main findings on problems related to the measurement and identification of business cycles …. The aim of this study is to define and identify the determinants of business cycles. This paper provides an overview of … literature, but none is perfect. A new development in the field lies in spectral analysis methods for measuring business cycles …
Persistent link: https://www.econbiz.de/10012994780
develop a methodology to construct non-bank capital shocks, idiosyncratic shocks, using labor productivity shocks to large …
Persistent link: https://www.econbiz.de/10012839265
We study the interaction between financial frictions and endogenous growth and its implications for conventional and unconventional monetary policy as well as macroprudentialpolicy. We show that disturbances to financial intermediation can lead to permanent lossesin output, which are more severe...
Persistent link: https://www.econbiz.de/10012832360
construct non-capital (idiosyncratic) shocks, using labor productivity shocks to large firms. We document a change in the …
Persistent link: https://www.econbiz.de/10013312628
This study investigates the determinants of Indonesian’s business cycle using the global vector autoregressive (GVAR) approach, by including spillover responses within 33 countries with 2000 bootstrap replications. The results show that Indonesia’s business cycle is influenced by both...
Persistent link: https://www.econbiz.de/10012306712
relationship in more detail by analyzing the main features of credit, housing price, and output cycles in Baltic and Nordic … countries during1995-2017. We find a high degree of synchronization between Lithuania's credit and housing price cycles. Panel …
Persistent link: https://www.econbiz.de/10012912503
. Notably, the capital stock and total factor productivity (TFP) exhibit hysteresis, but labor does not. Money is non …
Persistent link: https://www.econbiz.de/10012842574
This paper studies the role of global input-output linkages in transmitting economic disturbances in the international economy. Our empirical results suggest that these sectoral spillovers are both statistically significant and of economic importance. We also provide evidence that it is not the...
Persistent link: https://www.econbiz.de/10012871240
I provide evidence of substantial hysteresis (i.e., a situation in which temporary shocks have longrun effects) from monetary shocks on two sources of endogenous growth; human capital and technological adoption. This contribution is the first to test for the presence of this phenomenon in direct...
Persistent link: https://www.econbiz.de/10013179301