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Author : Robert Graham King
Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.:/5 (318 download)
Download or read book Stochastic Trends and Economic Fluctuations written by Robert Graham King and published by . This book was released on 1991 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Stochastic Trends and Economic Fluctuations written by and published by . This book was released on 1987 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Stephen B. DeLoach
Publisher :
ISBN 13 :
Total Pages : 312 pages
Book Rating : 4.3/5 (129 download)
Download or read book Stochastic Trends and Economic Fluctuations in a Large Open Economy written by Stephen B. DeLoach and published by . This book was released on 1993 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Chang-Jin Kim
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.:/5 (318 download)
Download or read book Common Stochastic Trends, Common Cycles, and Asymmetry in Economic Fluctuations written by Chang-Jin Kim and published by . This book was released on 2000 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper investigates the nature of business cycle asymmetry using a dynamic factor model of output, investment, and consumption. We first identify a common stochastic trend and a common transitory component by embedding the permanent income hypothesis within a simple growth model. We then investigate two types of asymmetry commonly identified in U.S. business cycle dynamics: (1) Infrequent negative permanent shocks, modeled as shifts in the growth rate of the common stochastic trend and (2) infrequent negative transitory shocks, modeled as "plucking" deviations from the common stochastic trend. Tests of marginal significance suggest both types of asymmetry were present in post-war recessions, although the shifts in trend are less severe than the received literature suggests."
Author : Erik Mellander
Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.:/5 (942 download)
Download or read book Stochastic Trends and Economic Fluctuations in Small Open Economies written by Erik Mellander and published by . This book was released on 1992 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Philip Hans Franses
Publisher : Oxford University Press, USA
ISBN 13 :
Total Pages : 256 pages
Book Rating : 4.3/5 (91 download)
Download or read book Periodicity and Stochastic Trends in Economic Time Series written by Philip Hans Franses and published by Oxford University Press, USA. This book was released on 1996 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a self-contained account of periodic models for seasonally observed economic time series with stochastic trends. Two key concepts are periodic integration and periodic cointegration. Periodic integration implies that a seasonally varying differencing filter is required to remove a stochastic trend. Periodic cointegration amounts to allowing cointegration paort-term adjustment parameters to vary with the season. The emphasis is on useful econrameters and shometric models that explicitly describe seasonal variation and can reasonably be interpreted in terms of economic behaviour. The analysis considers econometric theory, Monte Carlo simulation, and forecasting, and it is illustrated with numerous empirical time series. A key feature of the proposed models is that changing seasonal fluctuations depend on the trend and business cycle fluctuations. In the case of such dependence, it is shown that seasonal adjustment leads to inappropriate results.
Download or read book Common Stochastic Trends, Common Cycles, and Asymmetry in Economic Fluctuations written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Federal Reserve Board presents the full text of an article entitled "Common Stochastic Trends, Common Cycles, and Asymmetry in Economic Fluctuations," by Chang-Jin Kim and Jeremy Piger. The article discusses the nature of business cycle asymmetry using a dynamic factor model of output, investment, and consumption.
Author : Karl Whelan
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book New Evidence on Balanced Growth, Stochastic Trends, and Economic Fluctuations written by Karl Whelan and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The one-sector Solow-Ramsey growth model informs how most modern researchers characterize macroeconomic trends and cycles, and evidence supporting the model's balanced growth predictions is often cited. This paper shows, however, that the inclusion of recent data leads to the balanced growth predictions being rejected. An alternative balanced growth hypothesis - that the ratio of nominal consumption to nominal investment is stationary - is put forward, and new measures of the stochastic trends and cycles in aggregate US data are derived based on this hypothesis. The contrasting behavior of real and nominal ratios is consistent with a two-sector model of economic growth, with separate production technologies for consumption and investment and two stochastic trends underlying the long-run behavior of all macroeconomic series. Empirical estimates of these stochastic trends are presented based on a structural VAR and the role played in the business cycle by shocks to these trends is discussed.
Author : Antonio Fatás
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 ( download)
Download or read book Endogenous Growth and Stochastic Trends written by Antonio Fatás and published by . This book was released on 1996 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Leonid Hurwicz
Publisher :
ISBN 13 :
Total Pages : 11 pages
Book Rating : 4.:/5 (822 download)
Download or read book Stochastic Models of Economic Fluctuations ... written by Leonid Hurwicz and published by . This book was released on 1944 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Anthony Garratt
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (596 download)
Download or read book Common Stochastic Trends, Cycles and Sectoral Fluctuations written by Anthony Garratt and published by . This book was released on 1996 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Philip Hans Franses
Publisher :
ISBN 13 :
Total Pages : 230 pages
Book Rating : 4.:/5 (318 download)
Download or read book Periodicity and Stochastic Trends in Economic Time Series written by Philip Hans Franses and published by . This book was released on with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Robert G. King
Publisher :
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.:/5 (92 download)
Download or read book Stohastic Trends and Economic Fluctuations written by Robert G. King and published by . This book was released on 1991 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Gerhard Tintner
Publisher : Elsevier
ISBN 13 : 1483274020
Total Pages : 328 pages
Book Rating : 4.4/5 (832 download)
Download or read book Stochastic Economics written by Gerhard Tintner and published by Elsevier. This book was released on 2014-05-10 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stochastic Economics: Stochastic Processes, Control, and Programming presents some aspects of economics from a stochastic or probabilistic point of view. The application of stochastic processes to the theory of economic development, stochastic control theory, and various aspects of stochastic programming is discussed. Comprised of four chapters, this book begins with a short survey of the stochastic view in economics, followed by a discussion on discrete and continuous stochastic models of economic development. The next chapter focuses on methods of stochastic control and their application to dynamic economic models, with emphasis on those aspects connected especially with the theory of quantitative economic policy. Some basic operational problems of applying stochastic control, particularly in economic systems and organizations for problems such as dynamic resource allocation, growth planning, and economic coordination are considered. The last chapter is devoted to stochastic programming, paying particular attention to the decision rule theory of operations research under the chance-constrained model and a method of incorporating reliability measures into a systems reliability model. This book will be of interest to economists, statisticians, applied mathematicians, operations researchers, and systems engineers.
Author : Atılım Seymen
Publisher :
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (227 download)
Download or read book A Comparative Study on the Role of Stochastic Trends in US Macroeconomic Fluctuations, 1954 - 1988 written by Atılım Seymen and published by . This book was released on 2008 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Atılım Seymen
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (227 download)
Download or read book A Comparative Study on the Role of Stochastic Trends in US Macroeconomic Fluctuations, 1954 - 1988 written by Atılım Seymen and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ms.Valerie Cerra
Publisher : International Monetary Fund
ISBN 13 : 1513536990
Total Pages : 50 pages
Book Rating : 4.5/5 (135 download)
Download or read book Hysteresis and Business Cycles written by Ms.Valerie Cerra and published by International Monetary Fund. This book was released on 2020-05-29 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.
