Liquidity shocks, business cycles and asset prices
Sign Up to like & getrecommendations! Published in 2017 at "European Economic Review"
DOI: 10.1016/j.euroecorev.2017.05.004
Abstract: In the aftermath of the Great Recession, macro models that feature financing constraints have attracted increasing attention. Among these, Kiyotaki et al. (2012) is a prominent example. In this paper, we investigate whether the liquidity… read more here.
Keywords: liquidity; asset prices; asset; shocks business ... See more keywords
TECHNOLOGY SHOCKS AND BUSINESS CYCLES IN INDIA
Sign Up to like & getrecommendations! Published in 2017 at "Macroeconomic Dynamics"
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
News Shocks, Business Cycles, and the Disinflation Puzzle
Sign Up to like & getrecommendations! Published in 2022 at "Journal of Money, Credit and Banking"
DOI: 10.1111/jmcb.12939
Abstract: We argue that key findings of the recent empirical literature on the effects of news about future technology — including their tendency to generate negative comovement of macroeconomic aggregates, and their puzzling disinflationary nature —… read more here.
Keywords: shocks business; news shocks; news; disinflation puzzle ... See more keywords