Investment shocks and macroeconomic co-movement
نویسندگان
چکیده
منابع مشابه
Wealth Shocks and Macroeconomic Dynamics
The effect of wealth on consumption is an issue of longstanding interest to economists. Analysts believe that fluctuations in household wealth have driven major swings in economic activity. This paper considers so-called wealth effects—the impact of changes in wealth on household consumption and the overall macroeconomy. There is an extensive existing literature on wealth effects, but there are...
متن کاملMacroeconomic Shocks and Banking Supervision
We build a simple model of banking in the presence of macroeconomic shocks where the comparative roles of private and public monitors can be analyzed. This model provides endogenous justifications for prudential regulation (capital requirements) and emergency liquidity assistance by the Central Bank (lender of last resort). We show that market discipline can be helpful, but does not solve the f...
متن کاملThe Impact of Macroeconomic Shocks on Iran’s Housing Investment by Using BVAR
Residential investment is the main component of investment and has a crucial rule in output and employment. The residential investment is affected by macroeconomic shocks. This paper provides an empirical assessment of the pace at which housing investment has responded to different macroeconomics shocks in Ian in the 1978- 2017 period by using the BVAR method. Four macroeconomic shocks are intr...
متن کاملConsumption heterogeneity, employment dynamics and macroeconomic co-movement ¬リニ
Real-business-cycle models rely on total factor productivity (TFP) shocks to explain the observed co-movement between consumption, investment and hours. However an emerging body of evidence identifies “investment shocks”as important drivers of business cycles. This paper shows that a neoclassical model consistent with observed heterogeneity in labor supply and consumption across employed and no...
متن کاملOil Price Shocks, Inventories and Macroeconomic Dynamics
This paper employs disaggregated manufacturing data to investigate the causes of the time delay between an increase in oil prices and the following slowdown in economic activity. VAR results show that, unlike aggregate GDP, the effect of an oil price shock on new motor vehicles production shows up immediately and is statistically significantly. After one quarter, similar patterns are observed f...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Macroeconomics
سال: 2013
ISSN: 0164-0704
DOI: 10.1016/j.jmacro.2013.03.005