News shocks and business cycles

By Robert B. Barsky, Eric R. Sims. 2011

308 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/d4ce413c372a32b852d1b5f72e0603f4c01f1e32

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In Economics and Econometrics

Citations in the corpus

Reducing the state space dimension in a large TVP-VAR (2020, methodology): “Following Barsky and Sims (2011), the desired restriction is implemented by constructing an orthogonal matrix Qt using a spectral decomposition of impulse response functions.”
No News in Business Cycles (2014, unknown): “In particular, unlike the news shock, the surprise shock has transitory effects on all real variables, in line with Barsky and Sims (2011). Table 7 reports the forecast error variance decompositions for the surprise TFP shock.”
The Costs of Economic Nationalism: Evidence from the Brexit Experiment* (2019, background): “Finally, our paper complements a number of inﬂuential studies on the instantaneous macroeconomic impact of anticipated future (policy) changes or, more generally, “news” (see e.g. Barsky and Sims, 2011, 2012; Beaudry and Portier, 2006; Schmitt-Grohé and Uribe, 2012; Mertens and Ravn, 2011, 2012).”
Sufficient information in structural VARs (2014, background): “Forni, Gambetti and Sala (2011), uses the orthogonality test proposed here to show that the VARs in Beaudry and Portier (2006) have information problems, and, when information is properly complemented, the effects of news shocks are smaller and qualitatively different, in line with the findings of B”
Wait-and-See: Investment Options Under Policy Uncertainty (2016, background): “Later work has found evidence that “news shocks” also have aggregate effects, as in Beaudry and Portier (2004, 2006, 2007), Jaimovich and Rebelo (2009), Schmitt-Grohe and Uribe (2010), and Barsky and Sims (2011).”
Presidents and the U.S. Economy: An Econometric Exploration (2014, methodology): “We have also investigated the effects of future (“news”) productivity shocks using the identification scheme of Barsky and Sims (2011).”
News Shocks in Open Economies: Evidence from Giant Oil Discoveries (2015, unknown): “More recently, however, Barsky and Sims (2011) and Barsky, Basu and Lee (2014) have used time series techniques to identify TFP news shocks from consumer confidence and found that news shocks did not generate business cycle fluctuations.”