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The Greek Great Depression : A General Equilibrium Study of its Drivers

Economides, George; Papageorgiou, Dimitris; … - 2022

This paper provides a quantitative study of the main determinants of the Greek great depression since 2010. We use a medium-scale DSGE model calibrated to the Greek economy between 2000 and 2009 (the euphoria years that followed the adoption of the euro). Then, departing from 2010, our...

Persistent link: https://www.econbiz.de/10014078168

More than a feeling : confidence, uncertainty and macroeconomic fluctuations

Nowzohour, Laura; Stracca, Livio - 2017

sentiment (considering both confidence and uncertainty) and economic activity. Second, we review existing empirical measures of … sentiment, in particular consumer confidence, stock market volatility (SMV) and Economic Policy Uncertainty (EPU), on monthly … across countries, suggesting the existence of a global factor. Consumer confidence has the closest co-movement with economic …

Persistent link: https://www.econbiz.de/10011719915

Confidence and the financial accelerator

Myohl, Christian; Stucki, Yannic - 2018

use the heterogeneous-prior framework of Angeletos, Collard, and Dellas (2018) to accommodate confidence-driven business … cycle fluctuations. We show that financial frictions strongly amplify the response to confidence shocks - more strongly than …

Persistent link: https://www.econbiz.de/10011961330

European household and business expectations during COVID-19 : towards a v-shaped recovery in confidence?

Ambrocio, Gene - 2020

Confidence dropped universally across countries and sectors during the height of the COVID-19 pandemic in Europe …. Latest survey data suggest that confidence is on track for a v-shaped recovery. The swift implementation of stringent … well with both the drop and recovery of confidence across countries. …

Persistent link: https://www.econbiz.de/10012254217

Investment of Czech institutional sectors in the business cycle

Kučera, Lukáš - In: European financial and accounting journal : EFAJ 9 (2014) 1, pp. 41-61

government institutions, on the contrary, is strongly volatile, and in addition, develops slightly anti-cyclically. It applies …

Persistent link: https://www.econbiz.de/10011460493

Stylized facts of the business cycle : universal phenomenon, or institutionally determined?

Kufenko, Vadim; Geiger, Niels - 2015

This paper empirically investigates and theoretically reflects on the generality of the "stylized facts" discussed in business cycle analysis. Using OECD data for 1960 - 2010, the duration of business cycles as well as three models capturing core macroeconomic relations are estimated: based on...

Persistent link: https://www.econbiz.de/10011290723

Labour market transitions, shocks and institutions in turbulent times : a cross-country analysis

Bachmann, Ronald; Felder, Rahel - 2018

This paper analyses the impact of the business cycle on labour market dynamics in EU member states and the US during the first decade of the 21st century. Using unique measures of labour market flows constructed from worker-level micro data, we examine to what extent macro shocks were...

Persistent link: https://www.econbiz.de/10011821431

Labour Market Institutions and Aggregate Fluctuations in a Search and Matching Model

Zanetti, Francesco - 2008

This paper explores the influence of some key institutional features of the labour market on aggregate fluctuations. It uses a dynamic, stochastic, general equilibrium model characterised by search and matching frictions in the labour market and nominal rigidities in the goods market. It finds...

Persistent link: https://www.econbiz.de/10014221318

Trust, Temperature Fluctuations, and Asylum Applications

Carattini, Stefano - 2020

This paper studies the relationship between generalized trust, temperature fluctuations during the maize growing season, and international migration by asylum seekers. A priori generalized trust can be expected to have an ambiguous effect on migration. On the one hand, countries with higher...

Persistent link: https://www.econbiz.de/10012823562

Consumer confidence indicators and economic fluctuations in Nigeria

Ibrahim, Adamu; Bawa, Sani; Abdullahi, Ismaila S.; … - In: CBN journal of applied statistics 6 (2015) 1, pp. 285-300

Consumer confidence indicators(CCI) serve as a veritable tool for providing useful information to policy makers …

Persistent link: https://www.econbiz.de/10011473528