scholarly journals Time-varying wage risk, incomplete markets, and business cycles

2020 ◽  
Vol 37 ◽  
pp. 195-213 ◽  
Author(s):  
Shuhei Takahashi
Keyword(s):  
Business Cycles ◽  
Incomplete Markets ◽  
Time Varying ◽  
Wage Risk

scholarly journals BUSINESS CYCLE ACCOUNTING FOR CHILE

2014 ◽  
Vol 19 (5) ◽  
pp. 990-1022 ◽  
Author(s):  
Ina Simonovska ◽  
Ludvig Söderling
Keyword(s):  
Business Cycles ◽  
Business Cycle ◽  
Broad Class ◽  
Time Varying ◽  
Relative Importance ◽  
Neoclassical Growth Model ◽  
Developed Economies ◽  
Business Cycle Accounting ◽  
Neoclassical Growth ◽  
Policy Discussion

We investigate sources of economic fluctuations in Chile during 1998–2007 within the framework of a standard neoclassical growth model with time-varying frictions (wedges). We analyze the relative importance of efficiency, labor, investment, and government/trade wedges for business cycles in Chile. The purpose of this exercise is twofold: (i) focusing the policy discussion on the most important wedges in the economy and (ii) identifying which broad class of models would present fruitful avenues for further research. We find that different wedges have played different roles during our studied period, but that the efficiency, labor, and investment wedges have had the greatest impact. We also compare our results with existing studies on emerging and developed economies.

Measuring Uncertainty

2015 ◽  
Vol 105 (3) ◽  
pp. 1177-1216 ◽  
Author(s):  
Kyle Jurado ◽  
Sydney C. Ludvigson ◽  
Serena Ng
Keyword(s):  
Business Cycles ◽  
Time Varying ◽  
Real Activity ◽  
Uncertainty Shocks ◽  
Macroeconomic Uncertainty

This paper exploits a data rich environment to provide direct econometric estimates of time-varying macroeconomic uncertainty. Our estimates display significant independent variations from popular uncertainty proxies, suggesting that much of the variation in the proxies is not driven by uncertainty. Quantitatively important uncertainty episodes appear far more infrequently than indicated by popular uncertainty proxies, but when they do occur, they are larger, more persistent, and are more correlated with real activity. Our estimates provide a benchmark to evaluate theories for which uncertainty shocks play a role in business cycles. (JEL C53, D81, E32, G12, G35, L25)

Economic and business cycles with time varying in India: evidence from ICT sectors

2020 ◽  
Vol 10 (4) ◽  
pp. 366
Author(s):  
Giovanni Cerulli ◽  
Chukiat Chaiboonsri ◽  
Satawat Wannapan
Keyword(s):  
Business Cycles ◽  
Time Varying

Fixed versus time-varying transfer functions for modelling business cycles

1993 ◽  
Vol 12 (3-4) ◽  
pp. 345-364 ◽  
Author(s):  
Per-Olov Edlund ◽  
Henning T. Søgaards
Keyword(s):  
Business Cycles ◽  
Transfer Functions ◽  
Time Varying
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