Media reporting and business cycles: empirical evidence based on news data
Sign Up to like & getrecommendations! Published in 2019 at "Empirical Economics"
DOI: 10.1007/s00181-019-01713-5
Abstract: Recent literature suggests that news shocks could be an important driver of economic cycles. In this article, we use a direct measure of news sentiment derived from media reports. This allows us to examine whether… read more here.
Keywords: cycles empirical; business; media reporting; news ... See more keywords
Business Cycles, Medicaid Generosity, and Birth Outcomes
Sign Up to like & getrecommendations! Published in 2018 at "Population Research and Policy Review"
DOI: 10.1007/s11113-018-9483-3
Abstract: Birth outcomes influence many aspects of later life health and wellbeing, making healthcare access during pregnancy a policy priority. Low-income mothers often depend on Medicaid, for which eligibility is determined by their income relative to… read more here.
Keywords: business cycles; medicaid generosity; birth; birth outcomes ... See more keywords
Asymmetric business cycles and sovereign default
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DOI: 10.1016/j.econlet.2017.09.005
Abstract: What accounts for asymmetric (negatively skewed) business cycles in emerging economies? We show the asymmetry is tied to default risk and that a sovereign default model delivers negative skew. read more here.
Keywords: default; business cycles; sovereign default; cycles sovereign ... See more keywords
Clustering regional business cycles
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DOI: 10.1016/j.econlet.2017.10.029
Abstract: The aim of this paper is to show the usefulness of Finite Mixture Markov models (FMMM) for regional analysis. FMMM combine clustering techniques and Markov Switching models, providing a powerful methodological framework to jointly obtain… read more here.
Keywords: business cycles; business; regional business; clustering regional ... See more keywords
Variable Effort, Business Cycles, and Economic Welfare
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DOI: 10.1016/j.econlet.2020.109544
Abstract: Abstract Recent literature has shown that productivity-driven business cycles are beneficial to consumers in the context of market clearing real business cycle model. In this paper, we argue that this notion of welfare-improving business cycles… read more here.
Keywords: business cycles; variable effort; business; effort business ... See more keywords
A test of symmetry based on L-moments with an application to the business cycles of the G7 economies
Sign Up to like & getrecommendations! Published in 2020 at "Economics Letters"
DOI: 10.1016/j.econlet.2020.109662
Abstract: Abstract We study the performance of tests of distributional symmetry based on the coefficient of skewness and on L-moments and present a bootstrap implementation of such tests that is suitable in time series applications. We… read more here.
Keywords: symmetry based; business cycles; based moments; application ... See more keywords
A century of gaps: Untangling business cycles from secular trends
Sign Up to like & getrecommendations! Published in 2021 at "Economic Modelling"
DOI: 10.1016/j.econmod.2021.105505
Abstract: Abstract Was the US economy overheating prior to 1929 and did financial factors play a similar part across the century? Did the housing boom and bust of mid 1920s play the same role as in… read more here.
Keywords: gaps untangling; century gaps; output; untangling business ... See more keywords
Costly default and skewed business cycles
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DOI: 10.1016/j.euroecorev.2020.103630
Abstract: Abstract We augment a simple Real Business Cycle model with financial intermediaries that may default on their liabilities and a financial friction generating social costs of default. We derive a closed-form solution for the general… read more here.
Keywords: skewed business; default; business cycles; default skewed ... See more keywords
Does Islamic banking offer a natural hedge for business cycles? Evidence from a dual banking system
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Financial Stability"
DOI: 10.1016/j.jfs.2018.02.005
Abstract: We examine the lending patterns in the Turkish Islamic banking over business cycles. We find that, similar to conventional banks, Islamic banks in Turkey exhibit procyclical lending pattern. We also find that Islamic bank lending… read more here.
Keywords: business cycles; islamic banking; banking; lending ... See more keywords
ASYMMETRIES IN BUSINESS CYCLES AND THE ROLE OF OIL PRICES
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DOI: 10.1017/s1365100517000360
Abstract: We estimate asymmetries in innovations to Solow residuals for 11 Organization for Economic Co-operation and Development (OECD) countries using stochastic frontier analysis. Likelihood ratio statistics and variance ratios imply that all countries with net energy… read more here.
Keywords: role oil; business cycles; asymmetries business; solow residuals ... See more keywords
TECHNOLOGY SHOCKS AND BUSINESS CYCLES IN INDIA
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DOI: 10.1017/s1365100517000438
Abstract: In this paper, we develop a small open economy New Keynesian dynamic stochastic general equilibrium (DSGE) model to understand the relative importance of two key technology shocks, Hicks neutral total factor productivity (TFP) shock and… read more here.
Keywords: business cycles; shocks business; technology; post liberalization ... See more keywords