Ambiguous Business Cycles

By Cosmin L. Ilut, Martin Schneider. 2014

388 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/f88a602bbd263faa8360e6859c3114a45926f479

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Cosmin L. Ilut
2. Martin Schneider
3. Piergiorgio Alessandri
4. Guido Lorenzoni
5. Haroon Mumtaz
6. Francesco Bianchi
7. Matteo Iacoviello
8. Jean-Paul L'Huillier

In Finance

1. Cosmin L. Ilut
2. Piergiorgio Alessandri
3. Haroon Mumtaz
4. Francesco Bianchi
5. Martin Schneider
6. Guido Lorenzoni
7. Jean-Paul L'Huillier
8. Olivier J. Blanchard

Citations in the corpus

• Uncertainty Shocks, Asset Supply and Pricing over the Business Cycle (2018, positive): “Ilut and Schneider (2014) study a tractable linear business cycle model with ambiguity shocks, where all movements in uncertainty come from intangible information.”
• News, Noise, and Fluctuations: An Empirical Exploration (2013, positive): “For example, one could include financial market prices, following Beaudry and Portier (2006), or survey measures of consumer confidence, as in Barsky and Sims (2012). The analysis in Section IIB, where we allow the econometrician to directly observe all the signals observed by the consumers, shows t”
• Financial regimes and uncertainty shocks (2019, methodology): “Departures from these hypotheses are examined for instance by Ilut and Schneider (2014) and Bachmann and Moscarini (2012).”
• When Inequality Matters for Macro and Macro Matters for Inequality (2018, neutral): “5%, in line with the empirical estimates of Johnson et al. (2006) and Parker et al. (2013). The average number is composed of high MPCs for handto- mouth households (around 0.”
• Measuring Geopolitical Risk (2018, background): “These results lend support to theoretical models where agents form expectations using a worst-case probability—as in Ilut and Schneider (2014)—and to models where elevated levels of uncertainty cause a decline in employment and investment—as in Dixit and Pindyck (1994) and Bloom, Bond, and Van Reene”
• Disasters Risk and Business Cycles (2012, neutral): “As can be anticipated, the model nevertheless generates a significant equity premium (see Proposition 5). This provides an example of model with large risk premia and reasonable business cycle dynamics, addressing the question studied by Jermann (1998) and Boldrin, Christiano, and Fisher (2001).”