Business Cycle Accounting

DOI10.1111/J.1468-0262.2007.00768.XMaRDI QIDQ5441626zbMATH OpenOpenAlexFDO

Authors V. V. Chari, Patrick J. Kehoe, Ellen R. McGrattan

Publication date 15 February 2008

Published in Econometrica (Search for Journal in Brave)

Full work available at URL http://www.nber.org/papers/w10351.pdf

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42) Economic growth models (91B62) Spatial models in economics (91B72)

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Cited in

(64)

• The role of investment wedges in the Carlstrom-Fuerst economy and business cycle accounting
• Business cycle durations
• Heterogeneity and long-run changes in aggregate hours and the labor wedge
• Self-fulfilling deflations
• Learning and the dynamics of consumer unsecured debt and bankruptcies
• Fiscal stabilization and the credibility of the U.S. budget sequestration spending austerity
• Cyclicality of labor wedge and informal sector
• Financial frictions, the great trade collapse and international trade over the business cycle
• Shadow banking and financial regulation: a small-scale DSGE perspective
• Dividend taxes and investment during the U.S. Great Depression
• Distortions in the neoclassical growth model: a cross-country analysis
• The impact of monetary policy in the midst of big shocks
• Costly external finance and labor market dynamics
• Organizational dynamics and aggregate fluctuations: the role of financial relationships
• Capital maintenance and depreciation over the business cycle
• Endogenous borrowing constraints and stagnation in Latin America
• The production approach to markup estimation often measures input distortions
• Supply-side policy and economic growth: a case study of the UK
• What drives aggregate investment? Evidence from German survey data
• Variable effort, business cycles, and economic welfare
• Property rights, expropriations, and business cycles in China
• Sticky wages and sectoral labor comovement
• Endogenous second moments: a unified approach to fluctuations in risk, dispersion, and uncertainty
• Episodes of war and peace in an estimated open economy model
• Labor market distortions under sovereign debt default crises
• Efficiency in a search and matching model with right-to-manage bargaining
• TFP during a credit crunch
• What - or who - started the great depression?
• Labor and investment frictions in a real business cycle model
• Collateral constraint and news-driven cycles
• UNDERSTANDING LABOUR MARKET FRICTIONS: AN ASSET PRICING APPROACH
• Are spectral estimators useful for long-run restrictions in SVARs?
• Agency business cycles
• PROCYCLICAL SOLOW RESIDUALS WITHOUT TECHNOLOGY SHOCKS
• Market distortions and local indeterminacy: a general approach
• Income risk, macroeconomic and demographic change, and economic inequality in Japan
• Welfare costs of business cycles in Turkey
• The aggregate implications of regional business cycles
• The investment network, sectoral comovement, and the changing U.S. business cycle
• The elasticity of substitution between time and market goods: evidence from the great recession
• Real business cycles, animal spirits, and stock market valuation
• Search in the product market and the real business cycle
• THE DISTRIBUTIONAL EFFECTS OF COVID‐19 AND OPTIMAL MITIGATION POLICIES
• Moderating noise-driven macroeconomic fluctuations under dispersed information
• THE IMPACT OF LOCAL FISCAL AND MIGRATION POLICIES ON HUMAN CAPITAL ACCUMULATION AND INEQUALITY IN CHINA
• Precision-based sampling for state space models that have no measurement error
• Rationally inattentive macroeconomic wedges
• Business cycle accounting with model consistent expectations
• Labor market institutions and inflation volatility in the euro area
• The Penn-Balassa-Samuelson effect through the lens of the dependent economy model
• Business cycles with cyclical returns to scale
• Commodity cycles and financial instability in emerging economies
• Entrepreneurship and misallocation in production network economies
• Debt in the US economy
• Barriers to entry and regional economic growth in China
• The role of international reserves in sovereign debt restructuring under fiscal adjustment
• Do unemployment benefit extensions explain the emergence of jobless recoveries?
• Replicating business cycles and asset returns with sentiment and low risk aversion
• Mussa puzzle redux
• International comovement in the global production network
• A solvable continuous time dynamic principal-agent model
• Corporate governance over the business cycle
• Technology shocks and aggregate fluctuations in an estimated hybrid RBC model
• Structural shocks and the comovements between output and interest rates

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