scholarly journals Firm Default and Aggregate Fluctuations

2011 ◽  
Author(s):  
Jesper Linde ◽  
Tor Jacobson
Keyword(s):  
Aggregate Fluctuations ◽  
Firm Default

scholarly journals Firm Default and Aggregate Fluctuations

2009 ◽  
Author(s):  
Tor Jacobson ◽  
Rikard Kindell ◽  
Jesper Lindé ◽  
Kasper F. Roszbach
Keyword(s):  
Aggregate Fluctuations ◽  
Firm Default

scholarly journals Firm Default and Aggregate Fluctuations

2008 ◽  
Author(s):  
Tor Jacobson ◽  
Rikard Kindell ◽  
Jesper Lindé ◽  
Kasper F. Roszbach
Keyword(s):  
Aggregate Fluctuations ◽  
Firm Default

scholarly journals Firm Default and Aggregate Fluctuations

2011 ◽  
Vol 2011 (1029) ◽  
pp. 1-45 ◽  
Author(s):  
Tor Jacobson ◽  
◽  
Jesper Lindé ◽  
Kasper Roszbach
Keyword(s):  
Aggregate Fluctuations ◽  
Firm Default

scholarly journals FIRM DEFAULT AND AGGREGATE FLUCTUATIONS

2013 ◽  
Vol 11 (4) ◽  
pp. 945-972 ◽  
Author(s):  
Tor Jacobson ◽  
Jesper Lindé ◽  
Kasper Roszbach
Keyword(s):  
Aggregate Fluctuations ◽  
Firm Default

scholarly journals Firm Default and Aggregate Fluctuations

2011 ◽  
Author(s):  
Tor Jacobson ◽  
Jesper Linde ◽  
Kasper F. Roszbach
Keyword(s):  
Aggregate Fluctuations ◽  
Firm Default

SHOCKS AND FRICTIONS IN THAI ECONOMY: THROUGH THE LENS OF BUSINESS CYCLE ACCOUNTING

2020 ◽  
pp. 1-15
Author(s):  
VIMUT VANITCHAREARNTHUM
Keyword(s):  
Business Cycle ◽  
Open Economy ◽  
Prime Factor ◽  
Aggregate Fluctuations ◽  
Aggregate Output ◽  
Business Cycle Accounting ◽  
Labor Wedge ◽  
Model Set ◽  
Set Up ◽  
Investment Fluctuation

This paper applies business cycle accounting methodology to analyze the sources of aggregate fluctuations in Thai economy, especially during the recent severe recessions in 1997–1998 and 2008–2009. This exploration helps researchers uncover possible shocks and frictions that drive business cycle in a small and open economy within a minimal model set-up. Under this methodology, a fluctuation in aggregate output can be accounted for by exogenous time-varying wedges, namely efficiency wedge, investment wedge, labor wedge, government wedge, etc. This study found that the efficiency wedge is essential in accounting for aggregate output, consumption and investment fluctuation, while the bond wedge, which only present in an open economy setting, is a prime factor in accounting for movement in current accounts. I conducted counterfactual experiments to see what accounts for the output drop during recent recessions. I find that the efficiency wedge played a key role in recent recessions in Thailand, while the investment wedge was accounted for slow economic recovery after the recessions.

Aggregate fluctuations with increasing returns to specialization and scale

1996 ◽  
Vol 20 (4) ◽  
pp. 627-656 ◽  
Author(s):  
Michael B. Devereux ◽  
Allen C. Head ◽  
Beverly J. Lapham
Keyword(s):  
Increasing Returns ◽  
Aggregate Fluctuations
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