Zobrazeno 1 - 10
of 24
pro vyhledávání: '"Michelle L. Barnes"'
Autor:
Michelle L. Barnes, Giovanni P. Olivei
Publikováno v:
Journal of Money, Credit and Banking. 49:1031-1058
The University of Michigan's Surveys of Consumers is summarized with principal components of consumer attitudes with respect to income and wealth, prices, and interest rates and credit availability. These summary measures contain information beyond t
Autor:
Michelle L. Barnes
Publikováno v:
Journal of Multinational Financial Management. 9:233-245
A linear null relationship between nominal returns and inflation is tested against threshold alternatives using quarterly and monthly data for 39 different countries. These tests frequently reject the null in favor of the alternative. The threshold a
Publikováno v:
European Economic Review. 43:737-754
Sustained inflation is detrimental to long-run growth and the financial system. A recent theoretical literature suggests that high inflation implies low real returns on assets. These low returns exacerbate informational frictions, interfering with th
Using U.S. real-time data, we show that changes in the unemployment rate unexplained by Okun's Law have significant predictive power for GDP data revisions. A positive (negative) error in Okun's Law in real time implies that GDP will be later revised
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::b1bd9a4f0825c73395ca17381cc76827
http://www.bostonfed.org/economic/wp/wp2013/wp1303.htm
http://www.bostonfed.org/economic/wp/wp2013/wp1303.htm
Since the start of the Great Recession, one of the most striking developments in the U.S. labor market has been the pronounced decline in the labor force participation rate. The crucial issue in interpreting the decline in U.S. labor force participat
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::1fe2ccfc96f7120c9f6c3102c3478776
http://www.bostonfed.org/economic/ppb/2013/ppb132.pdf
http://www.bostonfed.org/economic/ppb/2013/ppb132.pdf
We illustrate the importance of placing model-consistent restrictions on expectations in the estimation of forward-looking Euler equations. In two-stage limited-information settings where first-stage estimates are used to proxy for expectations, para
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::facc71df7925ac92eadba6bedf0cd61e
http://www.bostonfed.org/economic/wp/wp2011/wp1103.htm
http://www.bostonfed.org/economic/wp/wp2011/wp1103.htm
Publikováno v:
SSRN Electronic Journal.
In their 2010 comment (which we refer to as CS10), Cogley and Sbordone argue that: (1) our estimates are not entirely closed form, and hence are arbitrary; (2) we cannot guarantee that our estimates are valid, while their estimates (Cogley and Sbordo
Autor:
N. Aaron Pancost, Michelle L. Barnes
Publikováno v:
SSRN Electronic Journal.
The rising stockpile of cash as a share of total assets at U.S. firms has intrigued economists since at least the paper of Bates, Kahle, and Stulz (2006), yet there has been relatively little work on where this cash has come from and how it is relate
Autor:
N. Aaron Pancost, Michelle L. Barnes
Refet Gurkaynak, Brian Sack, and Eric Swanson (2005) provide empirical evidence that long forward nominal rates are overly sensitive to monetary policy shocks, and that this is consistent with a model where long-term inflation expectations are not an
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::e07ab23b6c17866de0668d50a99ef7dc
http://www.bostonfed.org/economic/wp/wp2010/wp1007.htm
http://www.bostonfed.org/economic/wp/wp2010/wp1007.htm
Publikováno v:
SSRN Electronic Journal.
We compare estimates of the New Keynesian Phillips Curve (NKPC) when the curve is specified in two different ways. In the standard difference equation (DE) form, current inflation is a function of past inflation, expected future inflation, and real m