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Business cycle

Business Cycle and Small Business

Business Cycle and Small Business

... of business cycles has evolved over the past few ...current business cy- cle theorists agree that cycles result, not from a naturally recurring cycle in economic variables, but from unex- pected ...

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Manufacturing employment, productivity and the business cycle

Manufacturing employment, productivity and the business cycle

... World War II.Yet the recent recession is not usually regarded as especially severe, judging by its length, the decline in overall output or even the size of the overall decline in payroll employment. So something does ...

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Business Cycle Accounting for the Chinese Economy

Business Cycle Accounting for the Chinese Economy

... business cycle. Hence, it would be inappropriate to categorize it as business cycle fluctuation ...important business cycle fluctuation ...

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Trading down and the business cycle

Trading down and the business cycle

... We document two facts. First, during the Great Recession, consumers traded down in the quality of the goods and services they consumed. Second, the produc- tion of low-quality goods is less labor intensive than that of ...

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Liquidity Shocks and the Business Cycle

Liquidity Shocks and the Business Cycle

... Quantitative Findings: The main quantitative result in the paper is that liquidity shocks on their own may not explain strong recessions. In particular, we argue that one needs to in nu additional frictions on the labor ...

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International Business Cycle Accounting

International Business Cycle Accounting

... the business cycle accounting method a la Chari, Kehoe, and McGrattan (2007) to a two-country open economy framework for con- sidering the business cycle correlation patterns between Japan and ...

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Germany and the European Business Cycle - An Analysis of Causal Relations in an International Real Business Cycle Model

Germany and the European Business Cycle - An Analysis of Causal Relations in an International Real Business Cycle Model

... The constitution of the European Monetary Union has brought back to light an issue, that has been discussed in a global context for a long time – the existence of common elements in national business cycles. 1 As, ...

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the business cycle and the own -account

the business cycle and the own -account

... the business cycle, support the importance of expansionary periods for recruiting personnel or, in other words, our results show that own-account workers are less likely to hire employees during ...

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An Economical Business-Cycle Model

An Economical Business-Cycle Model

... In recent decades in the US, slack on the product and labor markets has fluctuated a lot over the business cycle, while inflation has been very stable. Figure 1 displays two measures of slack on the product ...

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The Australian Business Cycle: A New View

The Australian Business Cycle: A New View

... duration of contractions using the probability of remaining in expansion esti- mated from the gaussian random walk assumption with the full sample mean and the sub sample means respectively. This is then plugged into the ...

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CES technology and business cycle fluctuations

CES technology and business cycle fluctuations

... unity at 0.18 beats the CD production function by a substantial log-likelihood of over 20. Assuming equal prior model probabilities, this implies that posterior model probabilities are 4.8517e+08:1 in favour of the CES. ...

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Business cycle patterns in European regions

Business cycle patterns in European regions

... capturing business cycles with short samples and heterogeneous data, but also allows us to date the turning points of the business cycle of the regions and cluster them according to their cyclical ...

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Leverage and deepening business cycle skewness

Leverage and deepening business cycle skewness

... that business ‡uctuations are negatively skewed, the possibility that business cycle asymmetry has changed over time has been ...the business cycle has evolved over the last three ...

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Pricing to Market in Business Cycle Models

Pricing to Market in Business Cycle Models

... frictionless business cycle model that is relevant from an applied perspective, and embed all the frictions into this common ...policy-oriented business-cycle work: (i) dependence of the ...

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Higher moments of MSVARs and the business cycle

Higher moments of MSVARs and the business cycle

... Considering the higher moments of GDP growth closes the gap between the Great Moderation and Financial Crisis literatures, but the estimations presented only scratch the surface. A priority for future work is to find a ...

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Business Cycle Features In The Iranian Economy

Business Cycle Features In The Iranian Economy

... The empirical results of this paper are a set of benchmark statistics for evaluating the performance of business cycle models for the Iranian economy. In an oil exporting country such as Iran, oil price ...

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Two Essays in Business Cycle Theory

Two Essays in Business Cycle Theory

... In this paper, we evaluate the effectiveness of the “end of double taxation” policy as a tool for stimulating economic recoveries. Specifically, we study a real business cycle model in which firms are ...

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Housing and Debt over the Life Cycle and over the Business Cycle

Housing and Debt over the Life Cycle and over the Business Cycle

... where we use the same notation than in the main paper to denote the transaction costs for housing, etc. The function I f b > 0 g is equal to 1 if b > 0, i.e. if the household is a net debtor at the beginning of the ...

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Sex and the Business Cycle

Sex and the Business Cycle

... untrimmed counterparts, we can conclude that segmentation plays a role. The results will not, however, indicate the precise importance of this role as they are simply a composition effect for sectors at a very high level ...

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The Structure of Government Spending and the Business Cycle

The Structure of Government Spending and the Business Cycle

... the business cycle can replicate the fact that large governments are associated with less volatile economies (as shown, among others, by Fatás and Mihov, ...

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