Modeling news-driven international business cycles
نویسندگان
چکیده
منابع مشابه
New Evidence on News-Driven Business Cycles
We study the Beaudry and Portier (2006)-hypothesis of delayed-technology diffusion and news-driven business cycles. For German data on TFP and stock prices we find qualitatively similar empirical evidence. Quantitatively, however, an impulse response analysis suggests that a substantial part of the total TFP response is immediate rather than delayed. We relate this to disembodied technological ...
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ژورنال
عنوان ژورنال: Review of Economic Dynamics
سال: 2011
ISSN: 1094-2025
DOI: 10.1016/j.red.2010.11.002