News Driven Business Cycles: Insights and Challenges

By Paul Beaudry, Franck Portier. 2014

303 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/b69003f762d5e45e1657d9a20d3199a60e213671

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In Economics and Econometrics

Citations in the corpus

News Shocks in Open Economies: Evidence from Giant Oil Discoveries (2015, unknown): “8 See Pieschacón (2012) for an analysis of the effects of oil price shocks on oil exporters using a small open economy model with both tradeable and nontradeable produced goods.”
Bayesian inference on structural impulse response functions (2019, methodology): “13See Alessi, Barigozzi, and Capasso (2011, Section 4–6), Blanchard, L’Huillier, and Lorenzoni (2013, Section II), Leeper, Walker, and Yang (2013, Section 2), and Beaudry and Portier (2014, Section 3.2). 14Lippi and Reichlin (1994) and Klaeffing (2003) characterized the range of noninvertible IRFs c”
The Macroeconomic Effects of Oil Supply News: Evidence from OPEC Announcements (2021, unknown): “As is well known from the news literature, such shocks can have very different effects from surprise shocks (Beaudry and Portier, 2014).”
Risk Preferences and the Macroeconomic Announcement Premium (2018, background): “Beaudry and Portier (2004, 2014) show that if output cannot respond to news, consumption and Tobin’s q (and therefore asset returns) typically move in opposite directions regardless of whether the income or the substitution effect dominates.”
Macroeconomic Shocks and Their Propagation (2016, background): “For example, Beaudry and Portier (2006) extracted news about future technology from stock prices; Ramey (2011a) created a series of news about future government spending by reading Business Week and other periodicals; Fisher and Peters (2010) created news about government spending by extracting info”