Cycles and their important shocks: completing the investigation
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F25840886%3A_____%2F24%3AN0000022" target="_blank" >RIV/25840886:_____/24:N0000022 - isvavai.cz</a>
Result on the web
<a href="https://www.cambridge.org/core/journals/macroeconomic-dynamics/article/cycles-and-their-important-shocks-completing-the-investigation/3E15E67F324BC7025915CB50895303C7" target="_blank" >https://www.cambridge.org/core/journals/macroeconomic-dynamics/article/cycles-and-their-important-shocks-completing-the-investigation/3E15E67F324BC7025915CB50895303C7</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1017/S1365100524000221" target="_blank" >10.1017/S1365100524000221</a>
Alternative languages
Result language
angličtina
Original language name
Cycles and their important shocks: completing the investigation
Original language description
The paper looks at the question of measuring the importance of shocks to cycles. We consider two types of cycles - oscillations and those summarized by the NBER that require a study of growth in activity to establish turning points in the level of activity. The latter demarcate expansions and contractions. We establish a connection between these two concepts of cycles that shows shocks may have very different effects on each. As an application we look at a question that has often been asked over how important technology shocks are to cycles in activity? Some recent research concludes that total factor productivity (TFP) shocks are not important for oscillations and therefore models should be designed to reflect that. Using the same data we show that TFP shocks are very important to both types of cycles.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50200 - Economics and Business
Result continuities
Project
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Continuities
N - Vyzkumna aktivita podporovana z neverejnych zdroju
Others
Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Macroeconomic Dynamics
ISSN
1365-1005
e-ISSN
1469-8056
Volume of the periodical
29
Issue of the periodical within the volume
e19
Country of publishing house
GB - UNITED KINGDOM
Number of pages
11
Pages from-to
1-11
UT code for WoS article
001230550400001
EID of the result in the Scopus database
2-s2.0-85194319215