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Wyświetlanie pozycji 1-6 z 6
International confidence spillovers and business cycles in small open economies
(2020-05)
The economic literature has for a long time been looking for explanations of a very strong international correlation of business cycles. This paper shows empirically that common fluctuations can to some degree be the effect ...
A solution to the global identification problem in DSGE models
(2023-01)
We develop an analytical framework to study global identification in structural models with forward-looking expectations. Our identification condition combines the similarity transformation linking the observationally ...
Supply chains shocks and inflation in Europe
(2023-09)
This article quantifies the effects of supply chains disruptions on inflation in European economies. We apply the local projections method in a panel framework and estimate responses of nine measures of consumer and producer ...
Labor market institutions and the business cycle: The role of unemployment fears
(2023-12)
We study the effects of labor market institutions (LMIs) in a general equilibrium model with search and matching frictions, endogenous separations, nominal rigidities, and uninsurable unemployment risk. By contrasting the ...
International information flows, sentiments and cross-country business cycle fluctuations
(2020-03)
Business cycles are strongly correlated between countries. One possible explanation (beyond traditional economic linkages like trade or finance) is that consumer or business sentiments spread over boarders and a ect cyclical ...
The Great Lockdown: information, noise and macroeconomic fluctuations
(2021-01)
This paper argues that noisy information about lockdown can cause undesired economic fluctuations. We construct a New Keynesian model with imperfect information about how long the lockdown would last. On the one hand, a ...