Author: Mark J. Lasky
Publisher: Routledge
ISBN: 1317502523
Category : Business & Economics
Languages : en
Pages : 190
Book Description
The behaviour of US productivity since this book was originally publishedin 1994, has added new relevance to the relationship between profits and productivity. In the long run, productivity growth determines the economic standard of living. This book is divided into three parts: the basis of the first is the empirical finding that, controlling for normal business cycle effects, productivity grows faster when profits have been low than otherwise. The second part discusses how to measure marginal cost using time series data and the third tests a basic assumption that productivity growth is exogenous to labour and capital.
Three Essays on Productivity (RLE: Business Cycles)
Author: Mark J. Lasky
Publisher: Routledge
ISBN: 1317502523
Category : Business & Economics
Languages : en
Pages : 190
Book Description
The behaviour of US productivity since this book was originally publishedin 1994, has added new relevance to the relationship between profits and productivity. In the long run, productivity growth determines the economic standard of living. This book is divided into three parts: the basis of the first is the empirical finding that, controlling for normal business cycle effects, productivity grows faster when profits have been low than otherwise. The second part discusses how to measure marginal cost using time series data and the third tests a basic assumption that productivity growth is exogenous to labour and capital.
Publisher: Routledge
ISBN: 1317502523
Category : Business & Economics
Languages : en
Pages : 190
Book Description
The behaviour of US productivity since this book was originally publishedin 1994, has added new relevance to the relationship between profits and productivity. In the long run, productivity growth determines the economic standard of living. This book is divided into three parts: the basis of the first is the empirical finding that, controlling for normal business cycle effects, productivity grows faster when profits have been low than otherwise. The second part discusses how to measure marginal cost using time series data and the third tests a basic assumption that productivity growth is exogenous to labour and capital.
Three Essays on Real Business Cycles
Author: 陳冠任
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Three Essays on Business Cycles
Author: Ryo Jinnai
Publisher:
ISBN: 9781109133264
Category :
Languages : en
Pages : 119
Book Description
In the third chapter, I conduct an empirical study of the so-called Japanese "lost decade," over a decade-long economic slump in the Japanese economy since early 1990s. I investigate the effect of Japanese monetary policy when short-term nominal interest rates were virtually zero. A structural break in the mid-90s was an issue in previous empirical work, but the sample period of this paper, from March 1999 to October 2006, is free from it. The main finding is that monetary policy acting through the reserve balance control during the period had real effects on the economy.
Publisher:
ISBN: 9781109133264
Category :
Languages : en
Pages : 119
Book Description
In the third chapter, I conduct an empirical study of the so-called Japanese "lost decade," over a decade-long economic slump in the Japanese economy since early 1990s. I investigate the effect of Japanese monetary policy when short-term nominal interest rates were virtually zero. A structural break in the mid-90s was an issue in previous empirical work, but the sample period of this paper, from March 1999 to October 2006, is free from it. The main finding is that monetary policy acting through the reserve balance control during the period had real effects on the economy.
Three Essays on Business Cycles
Author: John Bailey Jones
Publisher:
ISBN:
Category :
Languages : en
Pages : 500
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 500
Book Description
Three Essays in International Business Cycles
Author: Kevin Hoyt McIntyre
Publisher:
ISBN:
Category :
Languages : en
Pages : 312
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 312
Book Description
Three Essays on the Business Cycle
Author: Changok Choi
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 418
Book Description
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 418
Book Description
Three Essays in Business Cycle Research
Author: Salih N. Neftci
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 328
Book Description
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 328
Book Description
Three Essays on the Role of Expectations in Business Cycles
Author: Rémi Vivès
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
In this thesis, I investigate the role of expectations in business cycles by studying three different kinds of expectations. First, I focus on a theoretical explanation of business cycles generated by changes in expectations which turn out to be self-fulfilling. This chapter improves a puzzle from the sunspot literature, thereby giving more evidence towards an interpretation of business cycles based on self-fulfilling prophecies. Second, I empirically analyze the propagation mechanisms of central bank announcements through changes in market participants' beliefs. This chapter shows that credible announcements about future unconventional monetary policies can be used as a coordination device in a sovereign debt crisis framework. Third, I study a broader concept of expectations and investigate the predictive power of political climate on the pricing of sovereign risk. This chapter shows that political climate provides additional predictive power beyond the traditional determinants of sovereign bond spreads. In order to interrogate the role of expectations in business cycles from multiple angles, I use a variety of methodologies in this thesis, including theoretical and empirical analyses, web scraping, machine learning, and textual analysis. In addition, this thesis uses innovative data from the social media platform Twitter. Regardless of my methodology, all my results convey the same message: expectations matter, both for economic research and economically sound policy-making.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
In this thesis, I investigate the role of expectations in business cycles by studying three different kinds of expectations. First, I focus on a theoretical explanation of business cycles generated by changes in expectations which turn out to be self-fulfilling. This chapter improves a puzzle from the sunspot literature, thereby giving more evidence towards an interpretation of business cycles based on self-fulfilling prophecies. Second, I empirically analyze the propagation mechanisms of central bank announcements through changes in market participants' beliefs. This chapter shows that credible announcements about future unconventional monetary policies can be used as a coordination device in a sovereign debt crisis framework. Third, I study a broader concept of expectations and investigate the predictive power of political climate on the pricing of sovereign risk. This chapter shows that political climate provides additional predictive power beyond the traditional determinants of sovereign bond spreads. In order to interrogate the role of expectations in business cycles from multiple angles, I use a variety of methodologies in this thesis, including theoretical and empirical analyses, web scraping, machine learning, and textual analysis. In addition, this thesis uses innovative data from the social media platform Twitter. Regardless of my methodology, all my results convey the same message: expectations matter, both for economic research and economically sound policy-making.
Business Cycles in General Equilibrium
Author: Yi Wen
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 176
Book Description
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 176
Book Description
Three Essays in Business Cycles and Finance
Author: Gabriel Perez-Quiros
Publisher:
ISBN:
Category : Capital movements
Languages : en
Pages : 342
Book Description
Publisher:
ISBN:
Category : Capital movements
Languages : en
Pages : 342
Book Description