What's Real about the Business Cycle?

By James D. Hamilton. 2005

175 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/537a0379e74593e48b38a4af01759b5481fce46e

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Citations in the corpus

Structural oil price shocks and policy uncertainty (2013, methodology): “Following Hamilton’s (1983) paper connecting oil price shocks with recession in the U.S., work by Lee et al. (1995), Hamilton (2005), Cunado and Perez de Garcia (2005), Jimenez-Rodriguez and Sanchez (2005) and Cologni and Manera (2008), amongst others, has confirmed the significance of real oil…”
OPTIMAL TEST FOR MARKOV SWITCHING PARAMETERS (2014, background): “In a recent paper, Hamilton (2005) argues that a linear statistical model cannot capture the recurring cyclical pattern observed in economic aggregates.”
Tracking the new economy: using growth theory to detect changes in trend productivity (2007, background): “Nonetheless such models have been shown to be able to capture features of the data that standard linear models can not (see, for example, Hamilton, 2004 ), and we will argue that trend productivity growth appears especially amenable to this approach.”
How does fiscal policy react to wealth composition and asset prices (2012, background): “…basic idea behind MS modelling strategy is that many economic series might obey to di¤erent economic regimes associated with events such as nancial crises (Jeanne and Masson, 2000; Cerra, 2005; Hamilton, 2005) or abrupt changes in government policy (Hamilton, 1988; Davig, 2004; Sims and Zha, 2006).”
The Brevity and Violence of Contractions and Expansions (2008, unknown): “…by 3 consecutive quarters of increases and followed by 2 consecutive quarters of decreases (and the reverse for troughs); and a " Markov regime-switching " method that, following Chauvet and Hamilton (2005), identi…es contractions and expansions as unobserved states that follow a Markov chain.”