Similar Search Results

Do large recessions reduce output permanently? : conference paper

Hosseinkouchack, Mehdi; Wolters, Maik H. - 2013

this approach takes into account that the transmission of a shock might depend on the sign and the size of the shock. Large …

Persistent link: https://www.econbiz.de/10010340611

Do large recessions reduce output permanently?

Hosseinkouchack, Mehdi; Wolters, Maik H. - 2012

this approach takes into account that the transmission of a shock might depend on the sign and the size of the shock. Large …

Persistent link: https://www.econbiz.de/10009673738

Do large recessions reduce output permanently?

Hosseinkouchack, Mehdi; Wolters, Maik H. - 2012

this approach takes into account that the transmission of a shock might depend on the sign and the size of the shock. Large …

Persistent link: https://www.econbiz.de/10009682078

Coherence of output gaps in the euro area : the impact of the Covid-19 shock

Haan, Jakob de; Jacobs, Jan; Zijm, Renske - 2022

Using the measures proposed by Mink et al. (2012), we reexamine the coherence of business cycles in the euro area using a long sample period. We also analyze the impact of the COVID-19 pandemic on business cycle coherence and examine whether our measures for business cycle coherence indicate a...

Persistent link: https://www.econbiz.de/10013168003

Investment Shocks and the Relative Price of Investment

Justiniano, Alejandro - 2009

investment-specific technology shock, affects the transformation of consumption into investment goods and is identified with the … relative price of investment. The second shock affects the production of installed capital from investment goods or, more … broadly, the transformation of savings into future capital input. We find that this shock is the most important driver of U …

Persistent link: https://www.econbiz.de/10013153123

Growth Dynamics : The Myth of Economic Recovery

Cerra, Valerie - 2006

Using panel data for a large number of countries, we find that economic contractions are not followed by offsetting fast recoveries. Trend output lost is not regained, on average. Wars, crises, and other negative shocks lead to absolute divergence and lower long-run growth, whereas we find...

Persistent link: https://www.econbiz.de/10012780769

Identifying Uncertainty Shocks Due to Geopolitical Swings in Korea

Lee, Seohyun - 2019

Using a novel set of instrumental variables in a structural VAR framework, we investigate the economic impact of uncertainty shocks stemming from geopolitical swings in South Korea. We construct robust instrumental variables for examining the variations in uncertainty due to geopolitical swings...

Persistent link: https://www.econbiz.de/10012898238

Fiscal multipliers in the COVID-19 recession

Auerbach, Alan J.; Gorodnichenko, Yuriy; McCrory, Peter B. - 2021

In response to the record-breaking COVID19 recession, many governments have adopted unprecedented fiscal stimuli. While countercyclical fiscal policy is effective in fighting conventional recessions, little is known about the effectiveness of fiscal policy in the current environment with...

Persistent link: https://www.econbiz.de/10012705410

Growth Dynamics : The Myth of Economic Recovery

Cerra, Valerie - 2013

Persistent link: https://www.econbiz.de/10012711362

Inflation during the pandemic: what happened? what is next?

Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska - 2021

We analyze the evolution and drivers of inflation during the pandemic and the likely trajectory of inflation in the near-term using an event study of inflation around global recessions and a factor-augmented vector auto-regression (FAVAR) model. We report three main results. First, the decline...

Persistent link: https://www.econbiz.de/10012584054