scholarly journals Search for Profits and Business Fluctuations: How Banks' Behaviour Explain Cycles?

2020 ◽  
Author(s):  
Emanuele Ciola ◽  
Edoardo Gaffeo ◽  
Mauro Gallegati
Keyword(s):  
Business Fluctuations

Learning from House Prices: Amplification and Business Fluctuations

2020 ◽  
Author(s):  
Ryan Chahrour ◽  
Gaetano Gaballo
Keyword(s):  
House Prices ◽  
House Price ◽  
Price Increase ◽  
Land Prices ◽  
Business Fluctuations ◽  
Nominal Rigidity ◽  
Supply Shocks ◽  
Residential Investment ◽  
Amplification Loop ◽  
Initial Price

Abstract We formalize the idea that house price changes may drive rational waves of optimism and pessimism in the economy. In our model, a house price increase caused by aggregate disturbances may be misinterpreted as a sign of higher local permanent income, leading households to demand more consumption and housing. Higher demand reinforces the initial price increase in an amplification loop that drives comovement in output, labor, residential investment, land prices, and house prices even in response to aggregate supply shocks. The qualitative implications of our otherwise frictionless model are consistent with observed business cycles and it can explain the economic impact of apparently autonomous changes in sentiment without resorting to non-fundamental shocks or nominal rigidity.

Business Fluctuations.

1954 ◽  
Vol 9 (1) ◽  
pp. 83
Author(s):  
Paul W. McCracken ◽  
Robert A. Gordon
Keyword(s):  
Business Fluctuations

Firms’ Size Distribution and Growth Rates as Determinants of Business Fluctuations

2006 ◽  
pp. 181-186 ◽  
Author(s):  
Domenico Gatti ◽  
Corrado Guilmi ◽  
Edoardo Gaffeo ◽  
Mauro Gallegati ◽  
Gianfranco Giulioni ◽  
...  
Keyword(s):  
Size Distribution ◽  
Growth Rates ◽  
Business Fluctuations

Firms’ Size Distribution and Growth Rates as Determinants of Business Fluctuations

2005 ◽  
pp. 181-186
Author(s):  
Domenico Delli Gatti ◽  
Corrado Di Guilmi ◽  
Edoardo Gaffeo ◽  
Mauro Gallegati ◽  
Gianfranco Giulioni ◽  
...  
Keyword(s):  
Size Distribution ◽  
Growth Rates ◽  
Business Fluctuations
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