Models Of Business Cycles

By P. Himmel. 2016

372 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/74754333dc97d1be6c910f063f6c33939d002bb7

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Citations in the corpus

A Plucking Model of Business Cycles (2019, neutral): “1 (1)Recall that Lucas (2003) shows that the consumption equivalent welfare loss of business cycle fluctuations in 2”
Downward Nominal Wage Rigidity, Currency Pegs, and Involuntary Unemployment (2016, critical): “Our ﬁnding of large welfare costs of currency pegs (with or without capital controls) stands in stark contrast to a large body of work, pio-neered by Lucas (1987), suggesting that the costs of business cycles (not just of suboptimal monetary policy) are small.”
Cyclical Fiscal Policy, Credit Constraints, and Industry Growth (2014, neutral): “Then, we repeat the same exercise, but replacing nancial dependence by asset tangibility (which moves from the 75 to the 25 percentile of the corresponding distribution).(38) As shown in the table below, lies between a 1:1 and a 2:1 percentage points per year.”
Optimal Time-Consistent Macroprudential Policy (2017, background): “Lucas (1987) estimated a gain of only 0.”
The Nature of Countercyclical Income Risk (2014, result): “It also makes our results more comparable to the income dynamics literature where this condition is standard (see, among others, Abowd and Card (1989), Meghir and Pistaferri (2004), Storesletten et al.”
Disasters and Development: Natural Disasters, Credit Constraints and Economic Growth (2014, positive): “…and Loayza (2005) who show that it is not the volatility due to “normal fluctuations”, but rather the volatility due to crises, that harms economic growth 6In a celebrated series of lectures, Robert Lucas argued that business cycle fluctuations were relatively unimportant for welfare (Lucas, 1987).”
Parameter Learning in General Equilibrium: The Asset Pricing Implications (2016, neutral): “[38] Lucas, R.”