Cycles and their important shocks: completing the investigation

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Cycles and their important shocks: completing the investigation

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Cycles and their important shocks: completing the investigation

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50200 - Economics and Business

Projekt

—

Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2024

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Macroeconomic Dynamics

ISSN

1365-1005

e-ISSN

1469-8056

Svazek periodika

29

Číslo periodika v rámci svazku

e19

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

11

Strana od-do

1-11

Kód UT WoS článku

001230550400001

EID výsledku v databázi Scopus

2-s2.0-85194319215