scholarly journals News Shocks and Business Cycles: Evidence from Forecast Data

2014 ◽  
Author(s):  
Wataru Miyamoto ◽  
Thuy Lan Nguyen
Keyword(s):  
Business Cycles ◽  
News Shocks ◽  
Forecast Data

scholarly journals Online Appendix to Identifying News Shocks with Forecast Data

2019 ◽  
Vol 2019 (366) ◽  
Author(s):  
Yasuo Hirose ◽  
◽  
Takushi Kurozumi ◽  
Keyword(s):  
News Shocks ◽  
Online Appendix ◽  
Forecast Data

scholarly journals IDENTIFYING NEWS SHOCKS WITH FORECAST DATA

2019 ◽  
pp. 1-30 ◽  
Author(s):  
Yasuo Hirose ◽  
Takushi Kurozumi
Keyword(s):  
Business Cycle ◽  
General Equilibrium ◽  
Empirical Evidence ◽  
Equilibrium Model ◽  
Dynamic Stochastic General Equilibrium ◽  
Output Growth ◽  
News Shocks ◽  
Business Cycle Fluctuations ◽  
Forecast Data ◽  
Dynamic Stochastic

The empirical importance of news shocks—anticipated future shocks—in business cycle fluctuations has been explored by using only actual data when estimating models augmented with news shocks. This paper additionally exploits forecast data to identify news shocks in a canonical dynamic stochastic general equilibrium model. The estimated model shows new empirical evidence that technology news shocks are a major source of fluctuations in US output growth. Exploiting the forecast data not only generates more precise estimates of news shocks and other parameters in the model, but also increases the contribution of technology news shocks to the fluctuations.

News shocks and business cycles

2011 ◽  
Vol 58 (3) ◽  
pp. 273-289 ◽  
Author(s):  
Robert B. Barsky ◽  
Eric R. Sims
Keyword(s):  
Business Cycles ◽  
News Shocks

scholarly journals Identifying News Shocks with Forecast Data

2019 ◽  
Vol 201 (366) ◽  
Author(s):  
Yasuo Hirose ◽  
◽  
Takushi Kurozumi ◽  
Keyword(s):  
News Shocks ◽  
Forecast Data

scholarly journals Investment-Specific News Shocks and U.S. Business Cycles

2015 ◽  
Vol 47 (7) ◽  
pp. 1443-1464 ◽  
Author(s):  
Nadav Ben Zeev ◽  
Hashmat Khan
Keyword(s):  
Business Cycles ◽  
News Shocks

Peculiarities of Modern Dynamics of the Global Economy

2010 ◽  
pp. 78-92 ◽  
Author(s):  
V. Klinov
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Business Cycles ◽  
Global Economy ◽  
Long Waves ◽  
Rapid Expansion ◽  
Business Taxation ◽  
Modern World ◽  
China And India ◽  
World Economic

Rates and factors of modern world economic growth and the consequences of rapid expansion of the economies of China and India are analyzed in the article. Modification of business cycles and long waves of economic development are evaluated. The need of reforming business taxation is demonstrated.

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