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Symposium sur les modèles du cycle économique

In: L' Actualité économique : revue trimest. 71 (1995) 2, pp. 119-249

Persistent link: https://www.econbiz.de/10001192640

Larsen, Vegard - 2018

This article quantifies the epidemiology of media narratives relevant to business cycles in the US, Japan, and Europe (euro area). We do so by first constructing daily business cycle indexes computed on the basis of the news topics the media writes about. At a broad level, the most influential...

Persistent link: https://www.econbiz.de/10012926524

Business Cycle Narratives

Larsen, Vegard - 2019

Research about narratives’ role in economics is scarce, while real word experience and research in other sciences suggest they matter a lot. This article proposes a view and methodology for quantifying the epidemiology of media narratives relevant to business cycles in the US, Japan, and...

Persistent link: https://www.econbiz.de/10012892114

Grown-Up Business Cycles

Pugsley, Benjamin W. - 2015

We document two striking facts about U.S. firm dynamics and interpret their significance for employment dynamics. The first is the dramatic decline in firm entry and the second is the gradual shift of employment toward older firms since 1980. We show that despite these trends, the lifecycle...

Persistent link: https://www.econbiz.de/10013013094

Speculation-Driven Business Cycles

Bigio, Saki - 2020

Speculation, in the spirit of Harrison and Kreps [1978], is introduced into a standard real business cycle model. Investors (speculators) hold heterogeneous beliefs about firm growth. Firm ownership, and thus, the firm's discount factor varies with waves of optimism and leverage. These waves...

Persistent link: https://www.econbiz.de/10012845653

Grown-Up Business Cycles

Pugsley, Benjamin W. - 2015

We document two striking facts about U.S. firm dynamics and interpret their significance for aggregate employment dynamics. The first observation is the steady decline in the firm entry rate over the last thirty years, and the second is the gradual shift of employment from younger to older firms...

Persistent link: https://www.econbiz.de/10013030558

Business cycles : Part 2

Hayek, Friedrich A. von - 2013

1. Investigations into monetary theory -- 2. The purchasing power of the consumer and the depression -- 3. A note on the development of the doctrine of 'forced saving' -- 4. The present state and immediate prospects of the study of industrial fluctuations -- 5. Restoring the price-level? -- 6....

Persistent link: https://www.econbiz.de/10015067668

Business cycles : Part I

Hayek, Friedrich A. von - 2013

Persistent link: https://www.econbiz.de/10015067669

International business cycles : theory and evidence

Backus, David - 1993

Persistent link: https://www.econbiz.de/10000880243

International Business Cycles : Theory and Evidence

Backus, David K.; Kehoe, Patrick J.; Kydland, Finn - 2021

models, emphasizing two discrepancies between theory and data that we refer to as anomalies. The first is the consumption/output/productivity … analogous consumption and productivity correlations. In theoretical economies we find, for a wide range of parameter values …, that the consumption correlation exceeds the productivity and output correlations. The second anomaly concerns relative …

Persistent link: https://www.econbiz.de/10013233744