Business Cycles
Are business cycles inevitable?
... causing business cycles is really wide: from climate, over- investment, monetary, underconsumption to psychological ...explaining business cycles emergence ...
25
Essays on Macroeconomics and Business Cycles
... This dissertation consists of three essays on macroeconomics and business cycles. In the first chapter, written with Nicolas Crouzet, we ask whether news shocks, which change agents’ expectations about ...
244
Business Cycles and Recessions in the OECD Area
... macroeconomics, business cycles are ba- sically treated in two ways: according to the classical or to the growth cycle approach ...and business cycle ...
6
Schumpeter, Business Cycles and Co Evolution
... introduced Business Cycles as ‘‘a house which is not finished and furnished’’ (1939: v) and indeed Kuznets observed that ‘‘in many of its parts it reads like an intellectual diary, a record of Professor ...
10
Political ideology as a source of business cycles
... in order to finance group specific public goods. Overspending results in equilibrium, but there is no public investment. Battaglini and Coate (2007) introduce productive public goods financed by the government. Instead ...
32
International Business Cycles and Remittance Flows
... A number of time-series studies investigate the remittance response to the output of both host and home countries but these are limited to remittance flows between a pair of countries. For example, Sayan (2004) employs ...
38
Teaching business cycles with the IS TR model
... Business cycles are an essential part of macroeconomics. However, the study of macroeconomics often ignores the observed business cycles. During and after the global financial crisis, several ...
14
Investment shocks and business cycles
... in business cycles implied by our estimates is consistent with the SVAR evidence of Fisher (2006) and Canova, Lopez-Salido, and Michelacci (2006), and broadly in line with the general equilibrium analysis ...
53
Credit Risk and Business Cycles
... extant business cycle models do not incorporate defaultable corporate bonds and credit ...real business cycle (RBC) theory, the driving force of business cycles is the shock to aggregate ...
48
Really uncertain business cycles
... Abstract: We investigate the role of uncertainty in business cycles. First, we demonstrate that microe- conomic uncertainty rises sharply during recessions, including during the Great Recession of ...
36
Grown-Up Business Cycles
... on business cycle ...for business cycle ...recent business cycles may be misleading. Each business cycle in the last thirty years has shocked a different age distribution of employer ...
47
Dating the Serbian Business Cycles
... approach, business cycles are defined as oscillations upwards and downwards in relation to the long-term trend, and they present the periods of expansion economic activity, ...of business ...
5
Business Cycles in Developing Countries: Are They Different?
... in business cycle research following Kydland and Prescott (1982) an enormous amount of research has been based on an eight-year distinction between business cycles and ...frequency cycles of ...
37
Essays on Credit Markets and Business Cycles
... and business cycles”, I develop a theoretical framework to analyze the role of bank and bond finance in the propagation of macroeconomic and financial ...
125
Assessing European business cycles synchronization
... European business cycle stylized facts using the latest data and by in- cluding in the analysis data for countries rarely included in previous work on European countries business cycle analysis (such as ...
30
Economic Transactions Govern Business Cycles
... for business cycle studies (Tallarini, 2000; Pesaran, Schuermann and Treutler, 2007; Mendoza and Yue, 2012; Diebold, ...Endogenous business cycle models within general equilibrium framework (Grandmont, ...
33
Economic Transactions Govern Business Cycles
... The rest of the paper is organized as follows. In Section 2 we present model setup and give definitions of macro transactions (Olkhov 2017b; 2017c). In Section 3 we introduce a system of economic equations on ...
31
Essays on financial markets and business cycles
... are to some degree driven by self-amplifying waves of over- and under-confidence, and such a view is supported by survey evidence. Importantly, it also has implications for policy, as this chapter shows. The chapter also ...
148
The European and the Greek Business Cycles: Are they synchronized?
... of business cycles in the EC: Idiosyncracies and regularities, Economica, New Series, 62, ...2005. Business cycle sychronization in the enlarged ...Have Business Cycles become more ...
19
Monitoring Business Cycles with Structural Breaks
... Based on these fi ndings and on the large uncertainty regarding the location of the break in the probit speci fi cation studied, we propose an extension of the model that accounts for the potential existence of multiple ...
28